Euro (EUR)
The Euro is the official currency of the European Union (EU) and is used by 19 of its 27 members, constituting this way the Eurozone. Its official ISO code is EUR, and its symbol is €.
The Euro is the official currency of the European Union (EU) and is used by 19 of its 27 members, constituting this way the Eurozone. Its official ISO code is EUR, and its symbol is €.
The Euro (EUR) is the second most traded currency in the world and the second largest reserve currency after the US dollar. As the single currency of the eurozone, it reflects the economic health of a vast and diverse market comprising 20 member states.
For economic players, the EUR/CHF (Euro against Swiss Franc) currency pair is particularly watched. Many cross-border workers and Swiss companies with business partners located in the European Union seek to protect themselves against the volatility of this pair. Monitoring European macroeconomic indicators helps anticipate euro fluctuations to optimize exchange operations and secure margins.
The European Central Bank (ECB) is the institution responsible for the monetary policy of the eurozone. Its main objective is to maintain price stability, aiming for a 2% inflation rate over the medium term, which helps support economic growth and job creation within the Union.
To achieve this objective and navigate through complex economic periods, the ECB has implemented various instruments:
Recently, with the stabilization of inflation, the ECB has begun a cycle of monetary easing. Its decisions have a direct impact on the strength of the Euro, influencing not only internal purchasing power but also the competitiveness of European exports on the global market.
The euro is officially launched as an invisible currency (for accounting and electronic payments) in 11 European Union countries, marking a historic step towards economic integration.
Euro coins and banknotes enter circulation, replacing national currencies and becoming the standard currency for over 300 million Europeans.
The eurozone goes through a severe crisis, particularly in Greece. In July 2012, ECB President Mario Draghi gives his famous "Whatever it takes" speech, saving the euro from probable collapse.
To combat deflationary risks, the ECB launches a vast asset purchase programme (Quantitative Easing), flooding the economy with liquidity to stimulate recovery in the eurozone.
Faced with soaring global inflation and energy shocks, the ECB abruptly ends its era of negative rates with the sharpest hike in its history to curb rising prices.
As inflation approaches the 2% target again, the ECB becomes one of the first major central banks to start cutting its key interest rates, thus easing financing conditions.
Quickly access our dedicated converters and historical charts for the main currency pairs containing the EUR:
Late April 2026 Update: The Euro consolidates around 0.923 against the Swiss Franc. Analysis of the causes (SNB at 0%) and purchasing power optimization.
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