It was introduced as a noncash monetary unit in 1999, and currency notes and coins appeared in participating countries on January 1, 2002. After February 28, 2002, the euro became the sole currency of 12 EU member states, and their national currencies ceased to be legal tender. Unlike most of the national currencies that they […]
It was introduced as a noncash monetary unit in 1999, and currency notes and coins appeared in participating countries on January 1, 2002. After February 28, 2002, the euro became the sole currency of 12 EU member states, and their national currencies ceased to be legal tender. Unlike most of the national currencies that they […]
A currency pair is the quotation of the relative value of one currency against the other. In currency pairs the asset serving as reference is called the “quote currency” and currency that is being quoted is called the “base currency”. For instance, the EUR/USD currency pair has the euro as its base currency and the […]
