What is 1240 euro?

As an AI language model, I do not have current market exchange rates. However, 1240 euro is the currency of the European Union used by 19 countries. It is the second-most traded currency in the foreign exchange market after the US dollar. The euro was introduced in 1999, replacing the previous European Currency Unit (ECU) as the official currency of the EU. The euro notes and coins were first issued in 2002.