Euro usd converter calculator

Vacationers in Euro zone can make conversions at the current exchange rate. The currency calculator provides an ideal tool for investors investing in international stock exchanges with different currencies. Conversion from Euro to United States dollar can be done at current rates as well as at historical rates — to do this, select the desired exchange rate date. Additionally, the currency calculator shows the closing rate of the previous day as well as the highest and lowest rates of the conversion Euro - United States dollar.

The results are displayed in a clearly arranged table. In addition to the Euro - United States dollar rate, the Markets Insider currency calculator also offers other exchange rates for about international currencies. Euro - United States dollar Currency Calculator. You have currently selected the base currency Euro and the target currency United States dollar with an amount of 1 Euro.

In the menu, you can select the desired exchange rates of about international currencies from the two lists. Additionally, the currency calculator allows you to calculate historical exchange rates in addition to the current rate.

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As history has shown, anything that a group of people in an economy attaches value to can be used as currency. For practical reasons, Lydian currency took on the form of a round coin, which became the first ever standardized unit of currency. Paper currency, on the other hand, was invented in Asia and was brought back to Europe by Marco Polo after his travels to Asia.

Modern currency is much more uniform and regulated. Major currencies in the world today take on the physical form of paper bills or coins which are easily carried on a person, but most of a person's currency is typically stored in digital accounts. The value of these currencies is backed by the promise of their issuing governments, which makes them fiat money currency declared by the government to be an official medium of payment but is not backed by a physical commodity.

Before fiat money existed, currencies were usually backed by a commodity such as gold or silver. While modern currency is physically represented by coins and paper bills, most large-scale currency transactions are done electronically.

Modern technology utilizes sophisticated currency exchange mechanisms and systems to exchange currencies between digital accounts rather than physically. Even the exchange of currency for everyday goods and services such as groceries or haircuts involves physical currencies less and less due to the growing popularity of debit cards, credit cards, and mobile payments.

Cryptocurrencies are digital currencies operating independently of a central bank or authority, in which encryption techniques are used to regulate the generation of units of currency as well as to verify the transfer of funds.

The current technology behind cryptocurrencies is called blockchain, which is a decentralized ledger of all transactions across a peer-to-peer network. A prominent feature of blockchain is that participants can confirm transactions without the need for a central clearing authority, such as a central bank or government. The value of cryptocurrencies fluctuates, just like a regular currency, and they can be traded in the same way as any other currency.

Some experts say that there is a slight chance that cryptocurrencies become the currency of the future. For the purposes of this calculator, Bitcoin is the only cryptocurrency available for conversion at the moment. Currencies used in different countries are rarely, if ever, exactly equal in value. As a result, exchange rates the rate at which a currency is exchanged for another exist to enable the equal exchange of currencies.