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The euro sign (€) is the currency sign used for the euro, the official currency of the eurozone and adopted, although not required to, by Kosovo and Montenegro.The design was presented to the public by the European Commission on 12 December 1996.
In mid July 2022, the euro and the US dollar traded at par for a short period of time during an episode of dollar appreciation. [17] On 11 July 2024, it recorded a new high against the Japanese yen during a long period of depreciation of the latter. [120] [121] [122]
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
The modern dollar and peso symbols originated from the mark employed to denote the Spanish dollar, [2] whereas the pound and lira symbols evolved from the letter L (written until the seventeenth century in blackletter type as ) standing for libra, a Roman pound of silver.
€1,893.00 [27] €2281.50 €13.50 1 January 2025 Latvia: €740.00 [28] €623.46 [29] €740.00 €4.09 1 January 2025 Lithuania: €1038.00 [30] €777.39 [31] €1038.00 €5.65 1 January 2025 Luxembourg: €2637.77 (minimum wage is fixed at an hourly rate and at a monthly rate simultaneously) [32] €2,221.00 [33] €2637.77 €14.86 1 ...
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros.
Some other countries link their currency to US dollar at a fixed exchange rate. The local currencies of Bermuda and the Bahamas can be freely exchanged at a 1:1 ratio for USD. Argentina used a fixed 1:1 exchange rate between the Argentine peso and the US dollar from 1991 until 2002.
According to an investigation of the University of Lausanne, the ratio of counterfeited banknotes was about 10 in one million real banknotes for the Swiss franc, of 100 in one million for United States dollar and of 300 in one million for pound sterling. [112] In 2011, 606,000 euro counterfeits were removed from circulation (41 per million).