On January 1 , 1999 the Euro first time comes into existence , at that time in 1999 the existence of Euro was virtually but after 2002 the notes and coins of Euro currency started to circulate among people and it rapidly grabs the position of former currency and it expands in the all over the union of Europe. At midnight of January 1 , 1999 the non – physical form of Euro was launched at which time all of the currencies were busy in the participation of task in which they can exist independently while their rate of exchange which is needed to be locked on a fixed price within a very less time the Euro gets a lot of success in the currency unit of European Union.
The starting value of Euro on December 1998 in comparison to USD was 1.1686 and in the year of 1996 to 1998 the changes in design and pattern of new notes or coins of Euro were announced to happen , at the starting of change in coins and notes for Euros it was only limited to the reunion of French island and the old established currency was being changed from the bank and in return the new notes and coins were handed over to the citizens in all over the Europe exempting Germany and the nations were only allowed to have the old currency notes and coins till two months within this time all of these should get exchanged.
When the launch of new coins and notes for Euros takes place , Slovenia was the first country which accepted this change and starts circulation in their country later on the another country Cyprus also changes its own currency Cypriot pound with the Euro and with this change the Euro comes in the culture of Cyprus also, the first crisis which was faced by the Euro was occurs in the starting of 2007 and the reason for this crisis was global financial crisis and after having a lot of ups and downs in around 2009 it again comes back to its normal situation and become strong again.
There are more than 20 countries in which dollar is being used as their national currency these countries includes United States , Canada , Australia , New Zealand , Singapore , Taiwan , Namibia , Jamaica , Hong Kong , Belize , Liberia and at this time the Dollar is considered as official currency for the East Timor , EI Salvador , Marshall islands , Ecuador , Federated states if Micronesia , Palau the Carribbean Netherlands and in the US territories which include , American Samoa , Puerto Rico , United States Virgin islands , Panama. So , these are some countries , territories in which USD is currently using for exchange. As we all know that the Indian rupee is divided into 100 paise in the same way the 1 USD is also having 100 cents in it.
The dollar sign was first being used as the abbreviation for business correspondence which was referring similar to the Spanish dollar but during the American revolution , Spanish dollar becomes more significant which was got backed by the authorized paper money from individual colonies and continental Congress. At that time a lot of laws formed , acts passed which genuinely effects the amount and the type of coins which were being used for the US dollar coins and till now it has found that the legal definition for US dollar is still missing.
At the time of 1873 it was seen that the silver dollar was circulated among the various parts of world and countries which was having their value similar to the British gold sovereign and the value of 1 USD was approximately equal to the 21p at that time and with the impact of this change and circulation of silver dollars the German empire stops minting of silver dollar coins and which in result increases the price of silver worldwide and later sue to this step of German empire the United States considered as the gold Standard. The countries like Canada and Newfoundland were already considered as the gold standard at that time and with the declaration of United States as gold standard the value of US dollar rises rapidly in the North America and it boosted its value till now.
Euro to Dollar
As , we are aware that the United State have US dollar as their official currency and is also considered as the de facto currency in the international market and the reserve currency for a huge part of world while on the other hand Euro is the national currency of European countries which is having around 22 countries within it where the Euro is considered as there national currency , it also includes the 17 countries of European Union. It has been concluded that the exchange and circulation of money between these two currencies is very rare , so we come to know above that on January 1999 Euro comes into existence and with it’s declaration there are many countries which are ready to adopt Euro for meeting their budgetary and monetary requirements but in spite of it Sweden rejected to use Euro as their currency and it was being negotiated by the Denmark and UK.
On the other hand if we talk about dollar then in 1972 , the first dollar coin was introduced which resembles almost similar to the Spanish dollar and Mexican dollar. In all around the world Euro is considered as the second largest most traded and reserve currency. For the purpose of circulation it was founded by September 2012 that there was around € 915 billion which were kept with the combination of banknotes and coins while there was around more than 800 billion dollars kept for the circulation purpose.
What is often missed in this argument – including by economists themselves – is the fact that some individual workers might be willing to take a low wage does nothing to explain why the wage prevailing in an entire occupation is low. Willingness to take a lower wage does not automatically translate into actually taking a lower wage, as the prevailing wage depends on conditions of demand as well as of supply.
Euro Dollar Forecast
Coming to the market of sharing without even having the proper value of forecast or without being known about the forecast basis will never let you toward success it will always creates losses , those traders who are unable in making forecast by their own should refer to different sites for getting proper knowledge. As till now the exchange between Euro and dollar in the field of trading or marketing is quite big and popular so it is most searching also. Euro is the very young currency used in European countries but still is among the largest currency of the world.
The pairing of Euro and US dollar is the pairing between two currencies situated at very large position in the trading market and considered as main currencies and this is the pair which is currently most being paired in the Forex market and their is no doubt in that this currency pairing is the most popular and excited among traders. There are lots of fundamentals on which the cross rate dynamics of this currency pair depends. Analytical forecast between the Euro and USD pair for the today, tomorrow or a week is not only a guide else it is also very helpful for the field of successful trading and helps a lot.
Euro to Dollar Chart
The exchange rate or value of euro to dollar always gets change from time to time and do not remain stable for a long time so , for showing these changes in the pairing or euro, dollar the chart of Euro to dollar is formed with help of which you can easily conclude the current position of both Euro and USD where do they situated and which one is at top value. In this chart the ups and downs comes a lot sometimes dollar gains the high position while on other times Euro get higher in value than USD so, for getting updated with these situations the Euro to dollar chart is very helpful.
Euro to Dollar History
Euro and dollar both are considered as the very important and widely used currency pairs for the trading among the world. Currently it is so much established that the comparison of Euro to dollar is mostly searched and with this huge change it has been forgotten that some time ago around twenty years this combination was not in the existence or not being used by traders. So , for getting aware of those facts let us come to have a brief intro or look over the history of euro to dollar which is very interesting. In the late 90’s the rise of Euros in forex market occurs which was having a complete different look then today a at that time the biggest pair which was considered for trading was of US dollar and German Deutsch and another pair which was of US dollar and French Franc was also the most widely used pair. So, with the origin of Euro in January 1999 the journey of euro begins. At previous time Euro was being used as the two versions of it and these are :
1 . The European unit of account
2 . The European currency unit ( ECU )
These above two versions of Euro are not considered as the true currency instead these version were kept in the basket of EC currencies which were playing a major role in keeping the stability of European exchange rate. The value of both Euro and ECU were substituted same for the exchanges purpose which was 1.1686 and in the year 2002 the Euro comes under the group of physical currency. During the launch of Euro the ratio of Eurozone currency was badly disturbed and a lot of changes were taking place which were also affecting other currencies but in spite of all these changes the US dollar was still managing its own position and remains safe by the margins. There are a lot of factors which can generally disturb the flow of Euro dollar exchange and in this attribute it does not matter which FX pair you are choosing. The factors which can adversely affect the pairing of Euro dollar are :
The countries underlying strength of an economy.
The policy of monetary which was formed by the central banks.
After the policies formed by central bank a large number of euro to dollar exchange takes place and later there becomes the reduction in this exchange due to which the financial crisis were faced in 2007.
1 EUR to USD
EUR : It is termed for Euro ( single currency ) as we know that the Euro is at the 2nd number in widely traded currency of the world which is being emitted from the Central banks of Europe.
USD : USD resembles to the US dollar , a greenback , it is also a most traded currency of the world by merchants and the US dollar is issued by the Federal reserve system.
Technical studies and forecast for Euro dollar exchange rate always conducted in the market and due to this the traders comes to know for the value of 1 Euro in USD and the changes that take place in it. As , it has been widely noticed that the ups and downs which comes in this change of currencies value is very regular and it is important to keep an eye over these changes. If you are also one who wanted to know the current value of 1 Euro in USD then you can go for the live checking of rate although on 2018 the current value for 1 EUR to USD is
- Exchange rate for selling: 1.221 US dollar
- Buyers rate for exchanges: 1.222 US dollar
Similarly, the current value for the exchange rate of dollar to euro is
Exchange rate Dollar to Euro is 0.82
1 US dollar = 0.82 Euro
You can also see various currency converters available online for the Euro to USD conversion rate and you can convert any amount of Euro to the US dollar or US dollar to Euro just by substituting the desired number. Euro to dollar trends are in account with the changes taking place in the regular trading market. The exchange rate value of Euro and dollar for different currencies are totally different so it is based in the currency type which you are having and with which currency are you going to pair it. Euro / dollar exchange rate are one of the most trending rates which are being paired and used on very large scale. The changes in this exchange rate are very common and takes place regularly so always be up to date with the changes occurring in the trading market.
Convert Euro in Dollar
On the current basis Euro is known as the official currency for 17 different European countries which is circulated by the central banks of Europe and at the time when you re converting your currency the important thing which you should know is exchange rate means the value for one currency in respect the other currency in which you are going to convert as these changes occurring on daily basis due to the demand of national and international market depending on various factors. There are many people who wanted to convert there currency so today we are going to tell you the procedure of how can you convert the Euro to US dollar. For conversion just follow the below provided steps it is very simple and easy to do so :
Step – 1 : First of all you are required to know the value or amount of your currency which you wanted to convert.
Step – 2 : Now , in the next step you are required to know the current exchange rate for the currency on the particular day and then visit the website of online currency converter from Euro to US dollar , there are many conversion calculators available on different sites which helps you a lot in conversion with just in clicks.
Step – 3 : Next , after reaching to the particular site you are required in the first box of Euro substitute the amount or value which you wanted to convert in the US dollar and after typing the amount you are just needed to wait for some seconds and you will see that the particular amount of Euro has now been converted in to the US dollar.
Step – 5 : Now , at last for conversion of your currency in reality you are needed to visit near by bank or the shop of currency exchange for converting your Euros in to US dollar and we also tell you one thing that you should change your currency on the same day of calculation as on other day the value might change it can rise or less depending on various circumstances.
So , by following these above mentioned simple steps you can easily convert your currency from Euros to USD but if you do not want to be completely reliable over online converters then you can also convert your currency with help of manual calculator by your own and for this you just need to follow these below simple steps for manual conversion :
Step – 1 : First of all same as above you are needed to decide to expect amount in Euros which you wanted to convert.
Step – 2 : After deciding the proper amount next you are required to go to the online conversion sites from where just you have to know the current rate of 1 Euro into US dollar for example the current rate of 1 euro = 1.222 dollar note down this value with you.
Step – 3 : Next , take your calculator and simply multiply the amount of Euros which you wanted to convert with the current rate of exchange for example if you are having 100 Euros with you which you wanted to convert in US dollar then you are required to multiply the value of 100 with the current exchange rate which is 1.222
100 * 1.222 = 122.2 US dollar
So , by this you can easily calculate the particular amount which you want to do.
Step – 4 : After calculating your desired amount into US dollar just visit to your near by bank and make the manual conversion of your currency from EUR to USD.
Overview,
This is all about the Euro to USD conversion as in this article we tries to convert all of the mandatory details regarding Euro and US dollar. First of all we told you about the history of Euro and Dollar separately for boosting your knowledge about both of these currencies then we come to know about the changes in forecast market regarding these currencies.
After all this we also explains you the history of currency pair and conversion of Euro to USD which is also very important to know then, at last, we discussed about the exchange rates of Euro to dollar and the changes which regularly occurs in the trading market. Euro and Us dollar both are having a very important role in the trading market and are vastly used for the purpose of trading which makes them more valuable then any other currency.
As , the Euro is not a very old currency but still it has achieved the importance even more than the Dollar in very little time and everyone wants to get details about this pairing of EUR / USD and the regular changes in this value of this conversion also effects the GDP of particular countries. There are many people who faces problem in converting their currency into the another so for those we have also explained two methods of conversion for the Euro to US dollar from which one method is of online conversion and other is manual calculation method which will be very helpful for you in converting your current amount. Hope you will not face any problem while converting your money as it is very simple and easy after following the above steps.