The euro is the official currency of 17 nations within the continent of Europe, and the second most common form of currency next to America's dollar. These 17 countries make up the European Union (EU) which started the Euro in 1999. Not all members of the EU however, use the euro as their currency; the UK, Denmark, and Sweden, all keep their own currency.
With the use of the euro, it made Europe become more united. It took away costly exchange rates, making trading between countries much more affordable, and therefore continent-wide companies became more profitable. With this in mind, when a country's economy starts taking a downfall (Greece) it makes it much easier for other countries to bail them out (Germany), multiple times if necessary.
Like America, the euro comes in many forms, it has a one, five, ten, twenty, and fifty cent coins. Unlike the US, there is a one euro and two euro coin. The euro however does not come in one euro bills like in the US, but in five, ten, twenty, fifty, and one hundred bills. Currently, the exchange rate from dollars to euros is 1:1.36, which means the dollar is worth about .74 euros.
Works Cited:
1) http://ec.europa.eu/economy_finance/euro/
2) http://www.xe.com/currency/eur-euro?r=3
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