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
its interesting that there are that many people that use this currency. it leads me to want to research the amount of people that use the US dollar. I believe that the number would be relitivley close if not more then those that use the EURO as there are over that many people in the United States alone. with that being said, both are major influences on the global market and play critical roles in the currency of the world as a whole.
ReplyDeleteDustin,
DeleteI think that the movies actually have this right. The US currency is traded in many places because it is a guaranteed amount. They know that if they are paid in USD they can actually get a trade out of it. Local currencies are not going to offer that ability to use it. There is a reason that the CIA has used USD to affect regime change though the years.
Anthony
Alex,
ReplyDeleteI have often wondered why we have not switched to a dedicated / singular currency world wide. If we used the same currency it would be the same world wide and then this would no longer be an issue where we have to convert.
I do not think it will happen in the next 50 years but maybe in the next 100. At some point it becomes counter productive to have to have money be fluctuating.
Anthony
I think that any of the fluctuating currencies have chance at being a universal currency when we look at single currency future. Maybe complete electronic transactions one day. -Sacha B
ReplyDelete