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Du er her: EU-OplysningenHomeFAQAll questions › What does a euro ‘cost...

FAQ

What does a euro ‘cost’, and what does it look like?

In the countries which do not have the euro, one euro corresponds to the amounts shown in the list of euro foreign exchange reference rates which can be found on the web site of the ECB.

The official abbreviation for the euro is EUR.

The exchange rate of the euro can vary like the exchange rates of other currencies, and the current exchange rate can be seen on the European Central Bank’s official website for the euro: http://www.euro.ecb.eu/

One euro consists of 100 cent.

As the picture shows, there are eight different euro coins of 1, 2, 5, 10, 20 and 50 cent and EUR 1 and EUR 2 (se pictures of the euro here).

One side of the coins is the same in all euro countries, but it is up to individual countries to design the other side. The national design has no significance for the use of the coins. A euro coin with a German side can therefore be used without problems in any other euro country, e.g. France or Italy. There are in all 15 different versions of the euro coins.

Euro banknotes, on the other hand, are uniform, with no national variants. There are seven different euro banknotes with values of EUR 5, 10, 20, 50, 100, 200 and 500. The physical dimensions of the banknotes depend on the value. The EUR 5 banknote is thus also the smallest banknote, and the banknotes become gradually larger up to the largest, the EUR 500 banknote.

The euro symbol – €
The graphic symbol for the euro – € – was designed by the Commission. The design was inspired by the Greek letter epsilon (e) and refers to the first letter in the word Europe. The two parallel lines symbolise the euro’s stability.
 

ECU/EURO
The ECU (European Currency Unit) was a unit of account within the EU, weighted together from the currencies of the participating countries. The ECU was used as a settlement currency between the EU countries’ central banks and as a unit of account for determining common agricultural prices and the budget. On 1 January 1999 the ECU was replaced by the euro at a ratio of 1:1.


Sidst opdateret: 24-07-2008  - ANSJ