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The Euro has been in some rough patches the last couple of years. However, it's position is still considerably good considering its history.
The Euro entered the market in 2002 and was equivalent to about $0.80. It has slowly kept rising against the dollar and hit an all time high of about $1.60 in 2008. However, the Euro fell to about $1.20 in 2012 for the first time in two years as a result of the European debt crisis, especially due to Greece and Spain. Now, the Euro is tied in with the European debt crisis. However, since July, the Euro has been slowly rising once more and is now equivalent to about $1.30.
What else can I help you with?
What form of euro was used in the 1800's-1924?
The euro did not exist then. Different countries that now use the euro had their own currencies at that time. Some countries that now use it, did not exist during that time.
Who were the first 11 countries to begin using the euro?
On January 1,1999 11 European countries started using the Euro as a step of European Unification. Those countries were 1. Austria 2. Finland 3. France 4. Belgium 5. Germany 6. Ireland 7. Italy 8. Luxembourg 9. Netherlands 10. Portugal 11. Spain Today the Euro is the 2nd most powerful currency in the world, after the British Pound. The Euro is now the official currency of over 30 countries, European countries and several Caribbean Islands.
How many countries use the euro?
17 countries use the euro, as of 1/1/11They areAustriaBelgiumCyprusEstoniaFinlandFranceGermanyGreeceIrelandItalyLuxembourgMaltaNetherlandsPortugalSlovakiaSloveniaSpain16 countries now use the Euro. This will grow in the coming years.
What money do German use?
Now they are using euro notes.
What is the name of the currency that was introduced for use in 1999 and is now used in over 20 European countries.?
The single currency was the Euro.
Are there any EU countries which did not adopted the Euro but now regret that decision?
Great Britain. Not true, the United Kingdom does not regret joining the Euro.
Are some countries worse off since the euro was adopted?
yes some countries are worse off since they adopted the euro because they're economy might be better than other countries but the currency stays the same because some of the weaker countries are bring them down. therefore some of the countries that have adopted the euro with good economies are now dropping the euro to make more money
What money do they use in Latvia?
we're using euros now
Is the nation money of France is the mark?
No, the mark is/was the national currency for Germany. The national currency of France is/was the "franc". It may now be the Euro. It has been the Euro for some time now, for both countries
Is the national money of France is the mark?
No, the mark is/was the national currency for Germany. The national currency of France is/was the "franc". It may now be the Euro. It has been the Euro for some time now, for both countries
What is a disadvantage of having the euro as a currency?
Well, currently the Euro is intertwined with the European debt crisis, meaning the currency isn't doing so hot right now. However, the Euro has been slowly recovering.
Why did they change the pound to the Euro in England?
They did not. Great Britain ( now 2014) is still using the Pound. Only the Republic of Ireland switched to the Euro.
