Euro

EUR

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Währungs-Referenzzentrum

Available Currency Pairs

EURUSD

Ansehen USD

EURGBP

Ansehen GBP

EURCHF

Ansehen CHF

EURAED

Ansehen AED

EURAUD

Ansehen AUD

EURCAD

Ansehen CAD

EURCZK

Ansehen CZK

EURDKK

Ansehen DKK

EURHKD

Ansehen HKD

EURHUF

Ansehen HUF

EURILS

Ansehen ILS

EURJPY

Ansehen JPY

EURMXN

Ansehen MXN

EURNOK

Ansehen NOK

EURNZD

Ansehen NZD

EURRON

Ansehen RON

EURSEK

Ansehen SEK

EURSGD

Ansehen SGD

EURTHB

Ansehen THB

EURTRY

Ansehen TRY

EURZAR

Ansehen ZAR

EURPLN

Ansehen PLN

Transaction Types

FX SPOT
Delivery date: T; T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High

Did You Know?

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Monetary Policy

  • The European Central Bank (ECB) oversees the monetary policy of the 19 member countries of the European Union that have adopted the single currency. The ECB’s goal is to maintain price stability and to move towards an inflation target of 2%.
  • Price setting method: the exchange rate has been floating in the Euro Zone since the creation of the single currency in 1999. The ECB does not have a target exchange rate target in its mandate.
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Features and highlights

  • The EUR is the second most traded currency in the world, behind the USD but ahead of the JPY. The single currency is used in nearly one third of all foreign exchange transactions in the world.
  • In addition to the 19 countries of the Euro Zone, some microstates (Vatican, Andorra, Kosovo, Montenegro, Monaco) have obtained the right to use the single currency as their official currency
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Expert opinion

  • The EUR is an extremely liquid currency and considered as one of the main reserve currencies of foreign central banks. Its value against the main world currencies is highly sensitive to political risks, as the internal situation of even the smallest member country of the Euro Zone may have consequences for the confidence of the markets in the single currency.
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Regulations

There are no special restrictions on the purchase and sale of EUR.

Important Information

PAYMENTS IN EUR

The IBAN format is mandatory. Payment instructions must contain:

  • The SWIFT Code of the beneficiary bank
  • The full name, address and IBAN of the beneficiary.

Keep In Mind

Public Holidays

New Year's Day 1 Jan
Easter Monday 2 Apr
All Saint's Day 1 Nov
Christmas Holiday 26 Dez
Good Friday 30 Mär
Labour Day 1 Mai
Christmas Day 25 Dez

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide

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