The euro is the official currency of 19 of the 27 member states of the European Union.

It is the second-largest reserve currency and second-most traded in the international markets, after the US dollar.

The euro was introduced to world financial markets on 1 January,1999, as an accounting currency.

It wasn’t until three years later, on the 1st of January 2002, that physical euro coins and banknotes began to circulate.

Is it a good time to buy euros with Australian dollars?

If you are travelling to Europe, the best time to buy euros with Aussie dollars is when the AUS/EUR exchange rate is sitting as high as possible.

The higher the rate, the more euros you will be able to use in exchange for your dollars.

A good FOREX trader can assist with your timing, while some Australians prefer to set up a rate tracker.

With a rate tracker, you can receive daily emails updating you on the exchange rate, or you can opt to receive an alert email when the rate hits your preferred ratio.

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The Next Crisis We Have Will Be a Currency Crisis

Unless you’ve had the misfortune of living in Zimbabwe or Argentina during a currency crisis, your bread and milk costs are usually pretty stable. But I believe we’re standing on a precipice for this current system of money.
Money Morning Australia