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USD Profile
Name: US Dollar
Symbol: $
Minor Unit: 1/100 Cent
Central Bank: Federal Reserve Bank
Country(ies): United States, American Samoa
Rank in the most traded currencies: #1
EUR Profile
Name: Euro
Symbol: €
Minor Unit: 1/100 Cent
Central Bank: European Central Bank
Rank in the most traded currencies: #2
USD Profile
Name: US Dollar
Symbol: $
Minor Unit: 1/100 = cent
Central Bank: Federal Reserve Bank
Official country United States
EUR Profile
Name: Euro
Symbol: €
Minor Unit: 1/100 = cent
Central Bank: European Central Bank
Official country Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Key facts about USD - EUR
The most traded currency in the world is the US dollar. In second place, the Euro is the next most traded currency. According to the Bank of International Settlements, on average over 6 trillion USD and EUR are traded daily.
The USD is the official currency of the United States of America, but it is also used in Puerto Rico, Ecuador, El Salvador, Zimbabwe, Guam, US Virgin Islands, Timor, Samoa, Mariana Islands, Micronesia, Palau and Marshall Islands. The quasi-use of US dollars happens in other countries too.
The official currency of the eurozone is the EUR. This area includes Estonia, Latvia, Cyprus, Austria, Greece, France, Portugal, Spain, Ireland, Germany, Luxembourg, Lithuania, Italy, Malta, Slovenia, Finland, Slovakia, Belgium, and the Netherlands.
The US dollar is issued by the Federal Reserve, which is the central bank of the United States of America, while the Euro is issued by the European Central Bank, or ECB for short.
Frequently used denominations of the USD are $1, $5, $10, $20, $50, $100, while the $2 denomination is rarely used. Frequently used denominations of the EUR are €5, €10, €20, €50, €100, while the €200 and €500 denominations are rarely used.
Both currencies enjoy a low inflation rate of 0.10%.
Today's USD-EUR commentary
The current USD-EUR exchange rate of €0.8515 for $1 is currently very close to its 14-days average. Observing the evolution of the USD-EUR mid-market exchange rate in the last fourteen days, we see only a small difference between the highest rate reached last Thursday at 12:00 PM (0.8547) and the lowest rate reached on the 11th of August at 06:00 PM (0.8448).