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.
| GDP1 | $18.7 Trillion USD |
| Major Exports2 | Industrial equipment, medicine, cars, chemicals |
| Major Export Partners2 | U.S., UK, China |
| Budget Deficit3 | -3.6% |
| Trade Flows4 | -176.9 billion EUR |
The Benefits of the Euro
currency in the world
Single monetary policy may not fit local conditions: countries with strong growth can handle higher rates, whileweaker countries may struggle
A member country collapse could affect the broader system in a negative way
Potential favoritism for the largest countries like Germany
Experienced 3rd largest decrease in GDP1 of the currencies ee offer in 2022 (-3.6%)
How to Buy the Euro
Currency CD
Most Popular
Term
3-month
6-month
9-month
1-year
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance Range
All Balances
Available Currencies
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FOREIGN CURRENCIES BY BATTLE BANK
Euro
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