In Europe there are different currencies that are in a certain reciprocal relationship.
If the currencies are freely convertible, it is possible to exchange these currencies for any other currency at any time. The decisive factor for this is the exchange rate, which is determined anew every day and every hour by supply and demand.
If you want to know more precisely how much money you can get in another currency, you can also use the currency converter above.
The European common currency – the euro
The euro was introduced as book money on January 1, 1999 and as cash on January 1, 2002. Since then it has been possible to pay with the euro in almost all European countries.
23 countries are currently involved in the euro. More will likely be added in the near future.
The euro is the official currency in the following countries:
- San Marino
- Vatican city
Although some countries issue their own euro coins, the validity of these coins is not limited to these countries. For example, a Belgian euro coin can be used as a means of payment in Germany or in another euro country without any problems.
Other currencies in Europe
In addition to the euro, there are a number of other means of payment, which are usually limited to one country. In this context, it must be expressly emphasized that not every country that has retained its own currency does not ignore the European idea.
The best-known currencies, apart from the euro, are the Swiss franc and the British pound.
Even Norway, Sweden and Iceland have retained their own currencies. These are known as the Norwegian krona, Swedish krona, and Icelandic krona.
The following other currencies are in circulation within Europe:
- Albanian LEK
- Andorran diner
- Bulgarian lev
- Faroese crown
- Isle of Man pound
- Jersey pound
- Croatian kuna
- Macedonian denarius
- Moldovan leu
- Norwegian krone
- Pound Sterling
- Remanian Leu
- Russian ruble
- Swedish crown
- Serbian dinar
- Czech crown
- Turkish lira
- Hungarian forint
- Belarusian ruble