EUR

Euro

EUR is the official currency of the Eurozone, used by 20 of the 27 European Union member states. It's the second most traded currency in the world after the US dollar.

The euro was introduced in 1999 for electronic transactions and as physical currency in 2002. It's managed by the European Central Bank and is used by over 340 million people daily. SEPA enables easy euro transfers across Europe.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

SEPA

Single Euro Payments Area

SEPA is a payment integration initiative of the European Union for simplification of bank transfers ...

IBAN

International Bank Account Number

An IBAN is a standardized international numbering system used to identify bank accounts across natio...

GBP

British Pound Sterling

GBP is the official currency of the United Kingdom and its territories. It's one of the oldest curre...

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