The Euro is the second most traded and the second-largest reserve currency in the world only after the US dollar. Along with the Eurozone countries, many other European and even African nations peg their own currencies to the Euro to maintain stabilize exchange rates. Unlike most of the other currencies in the world, Euro is relatively young, which only came into existence in 1999 and is largely derived by political events inside the Eurozone.
1 US dollar, you will receive around 0.90 Euro, or 90 cents. This makes it the strongest currency in the list so far, and the 8th strongest in the world.
The euro is the second-largest reserve currency as well as the second-most traded money the world after the United States dollar. As of December 2019, with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world.
The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743).
