ISO code EUR, symbol €
The single currency of the eurozone, shared by 20 of the 27 member states of the European Union.
Currency · EUR · €Exchange rate
for the euro (EUR)
The euro is the official currency of the eurozone (20 countries) and the second most traded currency in the world. Convert it at the real interbank rate, in real time, with a transparent margin from 0.40% to 0.15%.
EURISO code · €
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The euro at a glance
The essentials on the euro (EUR)
The key facts about the world's second currency, and how to convert it at the fair rate.
Managed by the ECB
The European Central Bank conducts monetary policy with an inflation target of 2%.
2nd most traded currency
The world's second reserve currency after the dollar. The EUR/CHF pair is closely watched in Switzerland.
Exchange from 0.15% at ibani
A sliding, transparent margin applied to the real rate, with no hidden fees.
Our experts' analysis
The euro, monetary pillar
of the European continent.
The euro (EUR) is the second most traded currency in the world and the second reserve currency after the US dollar. As the single currency of the eurozone, it reflects the economic health of a vast, diversified market of 20 member countries.
For Swiss players, the EUR/CHF pair is particularly closely watched: many cross-border workers and companies whose partners are in the European Union seek to protect themselves against its volatility. Following European macroeconomic indicators helps anticipate euro movements and optimise currency exchange operations.
EUR key facts
ISO codeEUR · €
Central bankECB
Area of useEurozone (20 countries)
Global ranking2nd most traded currency
Monetary policy
The ECB's policy on the euro
The European Central Bank (ECB) is responsible for the eurozone's monetary policy. Its main objective is price stability, with a medium-term inflation target of 2%, in order to support growth and employment across the Union.
To achieve this, the ECB uses several instruments:
Key interest rates
The traditional lever for controlling inflation. After a long period of negative rates, the ECB raised them sharply in 2022-2023 to counter post-pandemic inflation.
The asset purchase programme (QE)
Purchases of public and private debt to inject liquidity into the economy, notably during the sovereign debt crisis.
As inflation recedes, the ECB has begun an easing cycle. Its decisions have a direct impact on the strength of the euro, influencing both domestic purchasing power and the competitiveness of European exports.
History of the euro
The key dates since its creation
1999
Birth of the single currency
The euro is launched as a virtual currency (accounting and electronic payments) in 11 European Union countries.
2002
Switch to euro cash
Coins and banknotes enter circulation, becoming the everyday currency of more than 300 million Europeans.
2010-2012
Sovereign debt crisis
The eurozone goes through a serious crisis. In 2012, Mario Draghi (ECB) delivers his "Whatever it takes", ruling out the risk of a break-up.
2015
Quantitative easing
Faced with the risk of deflation, the ECB launches a vast asset purchase programme to revive the eurozone.
2022
End of negative rates
Faced with surging inflation, the ECB ends the era of negative rates with the largest hike in its history.
2024
Rate-cutting cycle
As inflation approaches the 2% target, the ECB begins to lower its key interest rates.
Today's rates
Our rates for the euro (EUR)
Indicative value for 1 unit, ibani margin included. Click a pair for its details and history.
Indicative rate as of 9 November 2026, ibani margin included; the rate applied is the one in effect when you place your order.
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Latest analysis on currency exchange and currencies
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Read articleFrequently asked questions
Frequently asked questions about the euro (EUR)
Always compare the rate offered with the real interbank rate (mid-market). A specialised online exchange service like ibani starts from this real rate and only adds a transparent margin from 0.40% to 0.15%, with no hidden fees, whereas a bank often applies a significantly wider spread. Compare with our rate comparison tool.
The euro is managed by the European Central Bank (ECB), which conducts the eurozone's monetary policy with a medium-term inflation target of 2%. Its key interest rate decisions directly influence the value of the euro against other currencies.
There is no universal ideal day: the end-of-month myth for cross-border workers is false. The EUR/CHF rate depends on market movements and announcements from the ECB and the SNB. Monitor the real rate continuously and trigger your exchange whenever it suits you.
You can convert the euro (EUR) into the Swiss franc (CHF), the US dollar (USD), the pound sterling (GBP), the Canadian dollar (CAD) and the Singapore dollar (SGD), as well as other currencies such as the Turkish lira, the Japanese yen, the Norwegian and Swedish krona, the New Zealand dollar and the Hong Kong dollar.
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