Currency

Live Currency in Germany

As many people may already know in Germany they pay with what we know as a Euro. The EURUSD expanded 0.0063 or 0.58% to 1.0800 on Wednesday from 1.0737 in the past exchanging session. Truly, the Euro Dollar Conversion scale - EUR/USD achieved an unsurpassed high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was just first presented to everybody on the first of January of 1999. This was very surprising to me as I did not recall it was just in 1999 this had occurred. Be that as it may, engineered chronicled costs backpedaling considerably further can be displayed if we consider a weighted normal of the past monetary standards.

If you were to open the link below as well you will see all the Majors, Price, Day, Year, and Date alongside with an accurate scale that represents the trading view in real time. As 1 EUR currently equals 1.08 USD. https://greenwichmeantime.com/time-zone/europe/european-union/germany/currency/. This site will also give you a live view on what is happening in real time with the current currency.

Currently though the euro is one of the world’s most powerful currency out today. It is used by more than over 320 million different Europeans. As it is also used in twenty different country’s which include Andorra, Austria Belgium Cyprus Finland France Germany Greece Ireland Italy Luxembourg Malta Monaco Montenegro Netherlands Portugal San Marino Slovenia Spain, and Vatican City.

Work Cited:

How To Germany - Currency Converter". Howtogermany.com. N.p., 2017. Web. 22 Mar. 2017. http://www.howtogermany.com/pages/currencyconversion.html

Euro Exchange Rate | EUR/USD | Germany | 1957-2017 | Data | Chart. Tradingeconomics.com. N.p., 2017. Web. 22 Mar. 2017. http://www.tradingeconomics.com/germany/currency

Will free trades in the US and Germany continue?

The U.S. is the biggest importer of German goods, buying some $125 billion worth in 2015. And Germany is the No. 4 foreign market for U.S. companies, which in 2015 exported $50 billion in products to the country. Germany ran a current account surplus - the balance of goods, services, and capital transfers - of about $310 billion last year, according to estimates by the Center for Economic Studies, a research group in Munich.

Officials in the Trump administration are criticizing German trade policies. According to them, the German surplus is due to a massively undervalued currency. Germany is not happy with these accusations and immediately responded. Chancellor Angela Merkel pointed out that the European Central Bank (ECB) is in charge of the euro, and that the German government has long upheld the ECB’s independence. Many in Germany are trying to remind the US that free trade benefits both countries. Many companies are worried about the new line American policies are taking. BMW is building a new $1 billion dollar factor in Mexico and has already been told by Trump that they will face a 35% tax to any cars manufactured there and brought to the US. Germany and the US do a lot of business and it has helped both countries, this is something Germany wants to see continue, but it may be up to the US to show that it can and should.

Work Cited 

Rauwald, Christoph, and Oliver Sachgau. "Germany Inc. Touts Benefits of Trade After Trump Dumps on Euro." Bloomberg, 01 Feb. 2017. Web. 11 Mar. 2017. https://www.bloomberg.com/news/articles/2017-02-01/germany-inc-touts-benefits-of-trade-after-trump-dumps-on-euro