Currency conversion between countries is realized by exchange rate. The role of exchange rate is an important basis for commerce and trade between countries.
From 199 1, EU countries began to realize the policy of unified currency, and in July 2002, the euro became the only legal tender in the euro zone, which not only enhanced its own economic strength and competitiveness, but also reduced internal contradictions and prevented and resolved possible financial risks. It has played a great role in economic development.
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The euro is the most significant achievement of European monetary reform since the Roman Empire. The euro not only makes the European single market more perfect, but also facilitates the free trade among the countries in the euro zone, which is an important part of the EU integration process.
Although Monaco, San Marino and Vatican are not EU countries, they used to use French francs or Italian lira as their currencies, and they also used euros, and authorized to mint a small number of their own euro coins. Some non-EU countries and regions, such as Montenegro, Kosovo and Andorra, also use the euro as a payment tool.
Baidu Encyclopedia-Europe
Baidu encyclopedia-exchange rate
Sina Finance-Foreign Exchange