With exchange rates changing as quickly as the weather, it is important to understand what is going on throughout the world. Whether you involved in international business, into traveling, or have friends and family in other places in the world, keep up to date with the world’s currencies!
The Euro (€) is the official currency of 17 out of 27 European Union countries. These countries include, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. All together these countries combine to make the Euro used daily by 333 million European citizens. It is the second largest currency traded in the world. The US dollar ($) is the most traded.
The third most traded currency is the Japanese Yen (¥). Being the official currency of Japan, the Yen is also used as the reserve currency for the US dollar, the Euro, and the Pound.
The pound sterling (£), aka the pound is the official currency of the UK. Scotland and the Channel Islands also use this as their currency. This is the currency is traded 4th most in the foreign exchange market. They say the name goes all the way back to the Anglo Saxon era when the coins were made from sterling silver.
