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Euro_vs_US_Dollar1.htm
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Euro vs. US Dollar
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The US dollar (USD) is the official currency of the United States and the de facto currency for international trade and a reserve currency for much of the world. The Euro (EUR) is the currency of 22 European countries, including 17 countries in the European Union. This comparison focuses on the history and evolution, central banking, amount of money in circulation and the exchange rate between these two currencies.
Comparison chart
Euro versus US Dollar comparison chart
| Euro | US Dollar |
|---|---|---|
| Symbol | € | $ |
| ISO 4217 code | EUR (num. 978) | USD |
| Official user(s) | Eurozone (17) Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outside the EU (7) Monaco San Marino Vatican City Akrotiri and Dhekelia ( | United States and more |
| Inflation | 1.9% (November 2018) | 2.16% (October 2012) |
| Nickname | The single currency, local names Ege (Finnish) Quid (Hiberno-English) Teuro (German) Ouro (Galician) Juró (Hungarian) Ewro (Maltese) | Buck, greenback |
| Coins | 1c, 2c, 5c, 10c, 20c, 50c, €1, €2 | 1c, 5c, 10c, 25c, 50c, $1 |
| Countries | Eurozone | US and overseas territories |
| Notes | €5, €10, €20, €50, €100, €200, €500 | $1, $5, $10, $20, $50, $100, $2 (rare) |
| Amount in circulation | €915 billion | Over $800 billion |
| Governing bank | European Central Bank | Federal Reserve |
| Pegged by | 10 currencies Bosnia & Herz. convertible mark Bulgarian lev Cape Verdean escudo Central African CFA franc CFP franc Comorian franc Danish krone (±2.25%) Latvian lats Lithuanian litas West African CFA franc | 23 currencies |
| Printer | Various | Bureau of Engraving and Printing |
| Mint | Various | United States Mint |
| Stock Ticker | EURUSD=X | USDEUR=X |
History
Origins of the Euro
The Euro was introduced to financial markets on January 1, 1999. Coins and banknotes entered circulation on January 1, 2002. After the Maastricht Treaty in 1992, most EU member states are obliged to adopt the Euro after meeting monetary and budgetary requirements. However the UK and Denmark negotiated exemptions, and Sweden rejected the Euro in a referendum. All new members of the European Union since 1993 have pledged to adopt the Euro. After the US financial crisis in 2008, fears rose over a sovereign debt crisis in the Eurozone, with Greece, Ireland and Portugal at particular risk.
