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Currency sign: €; banking code: EUR
The Euro is the official currency of the European Union (EU), used in 15 member states known collectively as the Eurozone. It is also used in nine other countries around the world, seven of those being in Europe. Hence, it is the single currency for over 320 million Europeans. Including areas using currencies pegged to the euro, the euro directly affects close to 500 million people worldwide. With more than €610 billion in circulation as of December 2006 (equivalent to US$802 billion at the exchange rates at the time), the euro is the currency with the highest combined value of cash in circulation in the world.
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Currency Converter
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Source: www.exchange-rates.org
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Enter your home's sale price to find out the price of your property to a European buyer.
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Testimonial
"I have listed my condo on 3 other sites, and so far you're beating them 2 to 1.
Thanks you."
Dewey in New York, NY. on 6/12/08
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Dollar sinks as Fed forecasts weakness
"The unexpected increase 'is accelerating the pace of the dollar decline, broadening the sell-off beyond just rising oil,' said Ashraf Laidi, an analyst at CMC Markets in New York in a research note.' Considering that the U.S. downturn has been deeper than its euro zone counterpart, a recovery in the latter suggests more positive ground for the euro than the dollar, especially as it means a possible rate hike,' he said..."
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After the introduction of the euro, its exchange rate against other currencies fell heavily, especially against the U.S. dollar. At its introduction in 1999, the euro was traded at US$1.18/€, but by October 26, 2000, it had fallen to an all-time low of $0.8228/€.
After the appearance of the coins and notes in January 2002 and the replacement of all national currencies, the euro then began steadily appreciating, and soon reached parity with the U.S. dollar on July 15, 2002.
Since December 2002, the euro has not fallen below parity with the U.S. dollar but began an unprecedented ascendancy. On May 23, 2003, the euro surpassed its initial ($1.18) trading value for the first time. At the end of 2004, it reached a peak of $1.3668 (€0.7316/$) as the U.S. dollar fell against all major currencies, fuelled by the so-called double deficit in the U.S. accounts.
The dollar temporarily recovered in 2005, rising to $1.18 (€0.85/$) in July 2005, and was stable throughout the second half of 2005. The steep increase in U.S. interest rates during 2005 had much to do with this trend. But on November 2005, the dollar again began to fall steadily, hitting one record low after another. On April 23, 2008, the U.S. dollar fell to an all-time low of $1.5940 (€0.6273/$) against the euro. On April 16, 2008, the pound sterling fell to an all-time low of £0.80610 (€1.2405/£) against the euro.
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Testimonial
"J'ai trouve la maison de mes reves grace a votre annonce de journal. Je n'aurais jamais pense que je pouvais acheter un appartement aux Etats Unis aussi facilement. Merci de votre aide."
(I found my dream house through your ad in the paper. I never would have thought that it could be so easy to buy a condo in the US. Thank you for your help.)
Donald Grison in Cannes, France on 5/31/08
Listing ID: steph46_1
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Euro rises on Dollar
"The euro rose against the dollar on Thursday as the price of oil reached another record high and economic data in the U.S. pointed to a further weakening.
The 15-nation euro bought $1.5796 in morning European trading, up from $1.5780 in late New York trading Wednesday.
The British pound bought $1.9723, up from $1.9689 late Wednesday..."
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