This indicator is the abbreviation for European trading the euro against the US dollar EUR USD. The value of this indicator is the yield of US dollars (currency valuation) that we need to buy one euro (currency basis) For example, if the price index 1.50000 We need US $ 1.5 to be able to buy 1 euro. Purchase and sale of this indicator is known to speculate on the euro.
The price of the EUR / USD is affected by several factors, including permits and activities issued in the United States by the US Federal inventory Federal Reserve and also in the European Union by the European Central Bank European Central Bank For example, when the Fed intervenes in the open market to support the US dollar, down index EUR / USD due to higher US dollar against the euro.
We advise novice traders wishing to enter the world of forex trading to create a demo account to get to know the nature of the modern trading better in addition to visiting the renewed permanently tutorial section and watch educational videos. You can always contact us for more information. It is also possible to start trading small amounts via the Micro register for an account with only $ 25 and start direct trading on the Forex indicators, precious metals, crude oil, US stocks, catering and more materials. Open a real trading account now and the euro, British pound, Japanese yen and Swiss franc immediately!
In many cases, the EUR / USD is characterized by an inverse relationship with the pair USD / CHF (US Dollar / Swiss Franc) is a positive and a relationship with a pair GBP / USD (GBP / USD) This is because the network of economic relations between the EU and Switzerland and the United Kingdom.
Staging the currency symbol global daily turnover ratio
1 US dollar USD ($) 43.5%
2 Euro EUR (€) 16.7%
European Union: Union steps.
Brussels Convention of 1948 have included Belgium, Britain, France, the Netherlands and Luxembourg, a joint agreement for military protection.
Paris Convention of 1951 and included France, West Germany, Italy and the three Benelux countries (Belgium, Luxembourg and the Netherlands) and is economical to enhance trade relations between the country's coal and iron field.
Modifying the Brussels Convention of 1954 included France, the United Kingdom, Belgium, Netherlands, Luxembourg, West Germany, Italy, Canada, the United States and the rest of the members of NATO, a military and security agreement to defend against the Soviet Union in the event of a member was attacked.
Rome Convention of 1957 has been agreed by Belgium, France, Italy, Luxembourg, the Netherlands and West Germany to strengthen the economic relationship between them.
Agreement Merger of 1965 between Belgium, France, West Germany, Italy, Luxembourg, the Netherlands has been the power of attorney of the European Commission EC and the Council of the European Union Council of the European Union the previous functions of the Euratom Euratom and the Council of ECSC and this in order to give additional powers to the Commission Alarurubih and the Federation Council and strengthening the relationship between the countries.
Council of the European Union in 1975, decisions have been where to begin to formulate a unified European response policy Single European Act.
Ask a coin, "European Currency Unit ECU" in 1979.
Schengen Agreement of 1985 and includes provisions on common policy on the temporary entry of persons of the signatory States. This agreement is the beginning of the opening of European borders to each other and to promote radical political relations of states, economic and military.
The adoption of the common European response policy Single European Act in 1986.
Treaty on European Union in 1992, a foundation agreement of the European Union and the most important change in its history since the founding of the European Community at the end of the forties and introduced new laws on the European Community is the foundation of the European Constitution was the creation of the euro currency for the first time.
The European single currency euro EUR put instead of the European Currency Unit ECU on the first day of the year 1999.
Amsterdam Convention of 1999 has been the expansion of the powers of the European Union.
Nice Treaty of 2001 has identified the Treaty principles and methods for the development of the institutional system expansion of the European Union and the entry of countries from Central and Eastern Europe.
Formal adoption of the euro as a single currency in the first day of 2002.
The most important advantages of the euro:
Who is the euro?
Euro official name or ευρώ or евро
ISO 4217 code EUR
States that adopt the euro, Germany, Austria, Estonia, Italy, Ireland, Belgium, the Netherlands, Greece, Luxembourg, Latvia, Lithuania, Malta, Slovenia, Slovakia, Spain, Portugal, Finland, France, Cyprus, Andorra, Montenegro, Monaco, San Marino and Kosovo and Vatican City.
Currency banknotes 5.10, 20, 50.1002 million and - 500
Central Bank and the European Central Bank
December inflation rate of 0.3% in 2015's second
Currency pegged at a fixed exchange rate with the Euro 10 currencies: the mark Bosnian, Bulgarian fiber, francs Comoros, Cape Verdean escudo, Moroccan dirham, Sao Tome Dobra, currency XOF Standard, currency XAF consolidated, unified currency XPF
Title single currency
Government Printing Office of the State of Italy
Banco Central de Portugal
Central Bank of Greece
The Bank of France
Central Bank and Financial Services Authority of Ireland
De La Rue, the British Bank
Bank Fabrica Nacional de Moneda y timbre Spanish
Bank Francois Charles Oberthur French
Giesecke bank and differrent Germans
Royal John Mayer Foundation for printing in the Netherlands
National Bank of Belgium
Currency center for the state of Bavaria in Munich, Germany
Fabrica Nacional de Moneda y timbre, Spain
Deutsche de Hamburg in Germany
Nacional Casa da, Spain Foundation
Casting Monetary Institute in Portugal
Koninklijke Belgique, Belgium Company
Government foundries company in Paris, France
Currency Press in Vienna, Austria
Carles Roh government of Germany company
The euro was first introduced on the first of January of 1999 AD instead of currency, known as the European Monetary Echo (ECU) - in place since 1979 - at an exchange rate of one Echo ECU to one euro EUR. Replaced the local currency that was used in different countries gradually the new euro at a fixed exchange rate (non-moving) means the actual abolition real Kaamlat since the beginning of the euro launch. The adoption of the euro as its official currency and a single in the first of January of 2002 and acceded to it since then new states but not adopted by the United Kingdom and Sweden, one of the founding countries of the European Union does not believe that it will be adopted soon. Denmark linked to the local currency (the krona Danish DKK) a fixed exchange rate against the euro in preparation for adoption in the future. Estimated daily number of users of the euro at the beginning of 2015, within the European Union with more than 390 million people. This is in addition to the 230 million people use currencies pegged to a fixed exchange rate against the euro outside the European Union (of which approximately 190 million people in Africa alone).
It is noteworthy that Russian President Vladimir Putin had announced in November of 2010 for the newspaper Süddeutsche Zeitung German support for Russia's accession to the euro currency in the future.
Per euro exchange rate against European currencies on the placing on the first of January 1999:
2.203 Dutch guilder NLG
1.955 dem DEM
6.559 FF FRF
1936.27 lire ITL
40.33 francs Oxmberga LUF
482.2 Scud Portuguese PTE
166.3 Peseta ESP
340.75 GRD Greek Drachma
239.64 SIT Slovenian Tolar
.429 LM MTL
0.585 Cyprus pounds CYP
30.12 SKK Slovak Koruna
0.702 Wits Latvian LVL
13.76 Austrian Schilling ATS
15.646 EEK Estonian Kroon
40.33 bf BEF
5.945 Marca Finnish FIM
0.787 Irish pounds IEP
With the proliferation of trading is estimated at more than 1.1 trillion euros, exceeded the spread of cash and printed currencies for the euro spread of the US dollar so that the euro currency is most common in the world for the year 2015. However, the US dollar reserves in the world, estimated at 64.7% of the size of the reserve Universal Currency what still much larger than the estimated 25.8% Euro stocks.
US Dollar 71.00% 70.70% 65.80% 66.40% 64.10% 62.10% 62.30% 61.00% 64.70%
Euro 17.90% 19.80% 25.30% 24.30% 26.30% 27.60% 24.70% 24.40% 25.80%
The euro and European financial crisis:
During the short time of the financial crisis began in the United States in 2008, increased investors' concerns in the European Union of advertising potential sovereign bankruptcy of several countries in the euro zone. These fears have been achieved at the beginning of 2010 in Greece, Portugal and Ireland and also led to the collapse of the entire economy of Iceland, where the government has failed Icelandic rescue ever collapsing banks. The financial crisis has turned in mid-2010 to the crisis of lack of confidence in the economic policy of the major European countries, most notably Germany, where the financial support is not granted a fair way for all euro zone countries to protect them from collapse, which led later to reduce the financial security points in the S & P S & P to several countries Europe, including France, followed by reduction of the safety points for your financial security for the entire euro zone EFSF (European Financial Stability Facility).
In May of 2012, was elected Francois Howlanda a financial socialist tendencies to be the President of France has been described as the German Chancellor, Ms. Angela Marker B "appears to be a flop and feel Bmrer abandonment by advisers in recent months." While camped under the sovereign bankruptcy on Spain and Greece, the battle over the fate of the euro Christsmha recovery of the French economy and the German.
Factors affecting the price of the euro:
Data and comments from the European Central Bank ECB in Frankfurt
Data and comments from Alaorosestm Eurosystem a number of European banks union, namely:
Austria: ÖSTERREICHISCHE Nationalbank
Belgium: Belgian National Bank (Banque Nationale de Belgique)
Cyprus: Kεντρική Τράπεζα της Κύπρου
Estonia: EESTI PANK
Finland: Pankki Finlands
France: Bank of France
Germany: Deutsche Bank (central Germany)
Greece: Τράπεζα της Ελλάδος
Ireland: Ceannais Institute and the Central Bank of Ireland
Italy: Banca d'Italia
Latvia: Bank LATVIJAS
Lithuania: Bank LIETUVOS
Luxembourg: The Central Bank of Luxembourg
Malta: The Central Bank of Malta
Netherlands: De Nederlandsche Bank NV
Portugal: Banco de Portugal
Slovakia: Bank Národná
Slovenia: Slovenia Banca
Spain: Banco de España
European Financial Stability Facility's comments European Financial Stability Facility
Economic data from the non-agricultural sector
Letters of Heads of States and key European figures
Changes in the European price of the property
German industry data (the largest economies of the Union)
Gold prices, crude oil, coal and natural gas
Euro currency and inflation (high prices) in Europe:
Ask a Euro Transaction led to controversy about sexy expected high prices in the euro zone. In effect shortly put prices rose significantly in the States that have adopted the euro as its official currency in spite of the lack of official recognition of this price rise through statements and indicators of government. Through several research addressed this phenomenon has been shown that the impact of high prices mainly on the cheap and frequently purchased product prices across the top to rotate the price, which led to the impression the public Balglae.
Euro launch and increased unemployment:
Do not install under the euro price followed by the European Central Bank's policy, he finds a lot of people in the euro zone a lot of trouble to get a job where the unemployment rate in more than 25% in Spain and 30% in Greece.
Euro: the more freedom Currency
The European Central Bank seeks to control by the European interest and lack of control over the price of the euro exchange rate against other currencies, and this is the actual application of the theory of Mondel- Fleming Mundell-Fleming model, which stipulate that central banks control interest rate and exchange rate together to prevent a collapse in value of the currency. Since the beginning of the emergence of the European Union in Alerbaniat of the twentieth century European countries liberalized their markets and capitalism follow the ECB's policy of free markets and not at the price of the currency control. This led to the passage of time low European interest rates in general in addition to the euro compared to the rest precious currencies of countries that are associated with the EU economic relations.
About the disposal of the euro against the US dollar:
On the first day was the euro exchange at a price of US $ 1.17. At the beginning of the way the euro weakness showed against the dollar fell to its lowest level price .82552 euro exchange rate of the US dollar and in the year 2000. After that improve the euro's exchange rate against the US dollar to be settled up to the price of 1.25 in 2003 and maintained at this price for several years. In September 2008 global financial crisis, which was considered the worst of its kind since the Great Depression, a time in 1929 and influenced by the US dollar too much by the crisis which led to the rise of the euro exchange rate against the US dollar to a record high up to 1.6 in July 2008. In 2010, and due to the European financial crisis began that led to the collapse of several central banks in Europe, the euro fell significantly either the US dollar exchange rate, reaching US $ 1.2 and less.