The euro makes it easy to…

01

Save and invest with confidence

The euro is a stable currency, so you can spend money safely and borrow and invest with confidence.

02

Travel

The euro has eliminated currency exchange costs and fees, making it easier and cheaper to travel throughout the 19 countries of the euro area.

03

Do business

The euro makes it easier, cheaper and safer for businesses to buy and sell across the euro area and to trade with the rest of the world. The euro is used for almost 40% of global cross-border payments and for almost half the EU’s exports.

04

Go shopping

The euro makes it easier and cheaper to compare prices and shop abroad. A common currency supports a more transparent and competitive single market.

05

Work, study or retire abroad

The euro lowers the costs of travelling and transferring money so that moving to another country to work, study or retire has never been simpler.

The euro in numbers

74%EUROPEANS
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Currently 74% of Europeans are in favour of a European economic and monetary union, with one single currency, the euro. This is the highest share ever.

340 MILLION EUROPEANS
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The euro is shared by 340 million Europeans. 60 countries and territories, representing 175 million people, have pegged their own currencies to the euro either directly or indirectly.

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The euro is the world’s second currency for international payments, borrowing, lending and central bank reserves.

The journey of the euro

The launch of the euro on 1 January 1999 marked the culmination of a long journey that had begun decades before, driven by a simple and compelling logic: it is easier to trade in a common market if you use a common currency.

The euro has come a long way from the early discussions on an Economic and Monetary Union in the late 1960s to being the second most important currency in the world today.

The euro: an evolving project

Now 20 years old, the euro is the second most important and trusted currency in the world. Popular support for the euro is growing. A number of EU countries hope to participate in Europe’s single currency in the future and will be welcomed when they are ready. The euro’s future, like our own, is still being written. In a fast changing international environment, Europe can only keep its economic strength and social safety net with a strong single market and a strong currency.

Want to know more?

Check out these websites for news, events and more information about the euro!