The Euro
The euro (EUR), which began circulating in 2002, is the youngest currency we offer. The European Central Bank manages the euro from Frankfurt, Germany.
The euro area, or eurozone, is a currency union of 20 of the 27 states of the European Union. (EU countries that don’t use the euro include Bulgaria, Czechia, Denmark, Hungary, Poland, Romania and Sweden.) The common currency eliminated the risk of dealing in multiple currencies.
The euro is essential to global trade. Per the International Monetary Fund, the currency makes up just over 20% of allocated global currency reserves, second only to the U.S. dollar.
About the European Union
GDP1
$18.7
Trillion
USD
Major Exports2
Equipment
Medicine
Cars
Chemicals
Major Export Partners2
U.S.
UK
China
Budget Deficit3
-3.6%
Trade Flows4
€176.9
Billion
EUR
Pros and Cons of the Euro
- One of the world’s major reserve currencies5
- Backed by a large and diversified economic block6
- Extremely deep, liquid financial markets7
- Shared monetary policy limits national flexibility8
- Vulnerable to political and structural fragmentation9
- Slow response to regional economic crises8
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://data.imf.org/en/datasets/IMF.STA:COFER
6. https://www.ecb.europa.eu/ecb/orga/escb/html/index.en.html
7. https://www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250617~7de14a39c3.en.html
8. https://www.ecb.europa.eu/mopo/html/index.en.html
9. https://www.consilium.europa.eu/en/council-eu/council-meetings-explained/ecofin/
How to Buy the Euro
Currency CD
Term
APY
3 Month
0.10%
6 Month
0.10%
9 Month
0.10%
12 Month
0.10%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
It’s as easy as open, fund, trade.
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Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
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