Euro

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.

Read more

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