The Euro Exchange Rate

The euro calculator calculate the real-time euro value for you quickly and will present you with the current euro representative rate.

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On the current page, you can calculate the representative euro exchange rate in shekels quickly and simply. In order to find the representative value of the euro, enter the digit “1” in the “feed sum” field.

Click “calculate” and the conversion calculator will present you with the representative rate of €1. In order to execute conversions of other sums, feed the requested sum into the “feed sum” field and click “calculate.

About the Currency |

The euro is the second most traded currency in the forex market after the US dollar. While the name of the euro it is derived from the word Europe, its name is not pronounced identically in all the member countries of the European Union.

The manner of pronouncing the word “Europe” varies from one country to another and, therefore, pronouncing of the word “euro” differs from one country to another in Europe.

Over recent years, the euro’s representative rate and exchange rate have experienced substantial fluctuations, especially during the crisis in the Euro Bloc in June 2010.

During this slump period, the euro value was less than USD 1.2, but after the bloc’s recovery, the euro also began to recover and its value has continued to be higher than that of the US dollar.

Each euro unit comprises 100 cents and, this variable unit is sometimes called a euro cent. This well-known currency was launched for the first time on January 1, 1999 and it was worth USD 1.17.

During the following years, the euro replaced currencies in the European countries and became the legal currency in these countries on January 1, 2002.

At its outset, the euro was weak compared with the dollar, but the situation changed over the years. After its launching, the euro began to strengthen and reached a situation in which its value was higher and more stable compared with that of the US dollar.

In which countries does the euro constitute the national currency?

The Euro Bloc was established in 1998 and, a year later on January 1, 1999, the euro became the main currency in a number of countries.

Currently, the euro is the official currency of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Ireland, Italy, Luxembourg, Malta, Holland, Portugal, Slovakia, Slovenia, Spain, Latvia, Greece and Lithuania. Furthermore, there are countries, such as Andorra, located overseas, that have adopted the euro as their legal currency as well.

How is the euro’s current value calculated?

The euro value is calculated daily, pursuant to the average of transactions executed in euro a trading between central banks. This value is calculated at a certain time every day and, pursuant to the average, the BoI calculates the euro’s representative exchange rate.

In order to know the euro’s value, use the exchange calculator, which is updated continuously every day and which provides the most accurate global currency exchange rates.