Euro

EUR

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

Available Currency Pairs

EURUSD

View USD

EURGBP

View GBP

EURCHF

View CHF

EURAED

View AED

EURAUD

View AUD

EURCAD

View CAD

EURCNY

View CNH/CNY

EURCZK

View CZK

EURDKK

View DKK

EURHKD

View HKD

EURHUF

View HUF

EURILS

View ILS

EURJPY

View JPY

EURMXN

View MXN

EURNOK

View NOK

EURNZD

View NZD

EURRON

View RON

EURSEK

View SEK

EURSGD

View SGD

EURTHB

View THB

EURTRY

View TRY

EURZAR

View ZAR

EURPLN

View PLN

Transaction Types

FX SPOT
Delivery date: T; T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High

Did You Know?

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Monetary Policy

  • The European Central Bank (ECB) oversees the monetary policy of the 19 member countries of the European Union that have adopted the single currency. The ECB’s goal is to maintain price stability and to move towards an inflation target of 2%.
  • Price setting method: the exchange rate has been floating in the Euro Zone since the creation of the single currency in 1999. The ECB does not have a target exchange rate target in its mandate.
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Features and highlights

  • The EUR is the second most traded currency in the world, behind the USD but ahead of the JPY. The single currency is used in nearly one third of all foreign exchange transactions in the world.
  • In addition to the 19 countries of the Euro Zone, some microstates (Vatican, Andorra, Kosovo, Montenegro, Monaco) have obtained the right to use the single currency as their official currency
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Expert opinion

  • The EUR is an extremely liquid currency and considered as one of the main reserve currencies of foreign central banks. Its value against the main world currencies is highly sensitive to political risks, as the internal situation of even the smallest member country of the Euro Zone may have consequences for the confidence of the markets in the single currency.
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Regulations

There are no special restrictions on the purchase and sale of EUR.

Important Information

PAYMENTS IN EUR

The IBAN format is mandatory. Payment instructions must contain:

  • The SWIFT Code of the beneficiary bank
  • The full name, address and IBAN of the beneficiary.

Keep In Mind

Public Holidays

New Year's Day 1 Jan
Easter Monday 2 Apr
All Saint's Day 1 Nov
Christmas Holiday 26 Dec
Good Friday 30 Mar
Labour Day 1 May
Christmas Day 25 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide