
Euro
EUR
- Convertible: Yes
- Transferable: Yes
- Exchange rate regime: Floating
Available Currency Pairs

EURUSD
View USD
EURGBP
View GBP
EURCHF
View CHF
EURAED
View AED
EURAUD
View AUD
EURCAD
View CAD
EURCNY
View CNH/CNY
EURCZK
View CZK
EURDKK
View DKK
EURHKD
View HKD
EURHUF
View HUF
EURILS
View ILS
EURJPY
View JPY
EURMXN
View MXN
EURNOK
View NOK
EURNZD
View NZD
EURRON
View RON
EURSEK
View SEK
EURSGD
View SGD
EURTHB
View THB
EURTRY
View TRY
EURZAR
View ZAR
EURPLN
View PLNTransaction Types
FX SPOT
Delivery date: T; T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High
Did You Know?
Monetary Policy
- The European Central Bank (ECB) oversees the monetary policy of the 19 member countries of the European Union that have adopted the single currency. The ECB’s goal is to maintain price stability and to move towards an inflation target of 2%.
- Price setting method: the exchange rate has been floating in the Euro Zone since the creation of the single currency in 1999. The ECB does not have a target exchange rate target in its mandate.
Features and highlights
- The EUR is the second most traded currency in the world, behind the USD but ahead of the JPY. The single currency is used in nearly one third of all foreign exchange transactions in the world.
- In addition to the 19 countries of the Euro Zone, some microstates (Vatican, Andorra, Kosovo, Montenegro, Monaco) have obtained the right to use the single currency as their official currency
Expert opinion
- The EUR is an extremely liquid currency and considered as one of the main reserve currencies of foreign central banks. Its value against the main world currencies is highly sensitive to political risks, as the internal situation of even the smallest member country of the Euro Zone may have consequences for the confidence of the markets in the single currency.
Regulations
There are no special restrictions on the purchase and sale of EUR.
Important Information
PAYMENTS IN EUR
The IBAN format is mandatory. Payment instructions must contain:
- The SWIFT Code of the beneficiary bank
- The full name, address and IBAN of the beneficiary.
Keep In Mind
Public Holidays
New Year's Day 1 Jan
Easter Monday 2 Apr
All Saint's Day 1 Nov
Christmas Holiday 26 Dec
Good Friday 30 Mar
Labour Day 1 May
Christmas Day 25 Dec
When a holiday falls on a weekend, the next business day becomes a holiday
Useful Links
Currency Reference Guide
Get the full currency reference guide, updated by the iBanFirst currency market experts
Reference guide