The Euro is the official currency of 19 out of 27 European Union countries. It was introduced on January 1, 1999, as a virtual currency and became physical on January 1, 2002.
The Euro is represented by the currency symbol €, and the notes come in denominations of 5, 10, 20, 50, 100, 200, and 500. The coins come in denominations of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1 and €2.
The exchange rate of the Euro fluctuates constantly against other currencies, and it is affected by factors such as the global economy, political events, and interest rates. As of October 2021, one Euro is equivalent to approximately 1.16 US dollars.
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