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  • European Currency Exchange Rates & How They Impact Economies

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    Mukunth KL
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    This document discusses foreign exchange rates between European currencies and the US dollar. It provides the exchange rates for several European nations including Luxembourg, Ireland, Netherlands, Sweden, Germany, Greece, Latvia, Croatia, Romania, and Bulgaria. For most it is a fixed exchange rate tied to the Euro, which is considered the strongest currency in Europe. The Swedish Krona had the weakest performance in 2019. In general, the document lists current foreign exchange rates between the US dollar and the currencies of various European nations.

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    Original Title

    Trade & Currency Exchange (1)

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    This document discusses foreign exchange rates between European currencies and the US dollar. It provides the exchange rates for several European nations including Luxembourg, Ireland, Netherlands, Sweden, Germany, Greece, Latvia, Croatia, Romania, and Bulgaria. For most it is a fixed exchange rate tied to the Euro, which is considered the strongest currency in Europe. The Swedish Krona had the weakest performance in 2019. In general, the document lists current foreign exchange rates between the US dollar and the currencies of various European nations.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    28 views15 pages

    European Currency Exchange Rates & How They Impact Economies

    Uploaded by

    Mukunth KL
    This document discusses foreign exchange rates between European currencies and the US dollar. It provides the exchange rates for several European nations including Luxembourg, Ireland, Netherlands, Sweden, Germany, Greece, Latvia, Croatia, Romania, and Bulgaria. For most it is a fixed exchange rate tied to the Euro, which is considered the strongest currency in Europe. The Swedish Krona had the weakest performance in 2019. In general, the document lists current foreign exchange rates between the US dollar and the currencies of various European nations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    Trade & Currency Exchange

    European Nations
    What is Forigen Exchange

    Forigen exchange rate is the rate at which one currency will be


    exchanged for another currency.

    Eg:

    1 usd = 79 rs

    Or

    1 usd = 0.95 Euro


    List of nations

    ● Luxembourg ● Greece
    ● Ireland ● Latvia
    ● Netherlands ● Croatia
    ● Sweden ● Romania
    ● Germany ● Bulgaria
    Luxembourg
    1.0 United States Dollar equals
    0.95 Euro ● appreciating in 2017, 2018, 2020 and 2021,
    but depreciating in 2019.
    Fixed exchange rate
    Ireland
    1.0 United States Dollar equals
    0.95 Euro ● appreciating in 2017, 2018, 2020 and 2021,
    but depreciating in 2019.
    Fixed exchange rate
    Netherlands
    1.0 United States Dollar equals
    2.00 Netherlands Antillean Guilder

    Floating exchange rate


    Sweden
    1.0 United States Dollar equals
    10.23 Swedish Krona

    Fixed or floating exchange rate


    Germany
    1.0 United States Dollar equals
    0.95 Euro
    ● appreciating in 2017, 2018, 2020 and 2021,
    but depreciating in 2019.
    Fixed exchange rate
    Greece
    1.0 United States Dollar equals
    0.95 Euro ● appreciating in 2017, 2018, 2020 and 2021,
    but depreciating in 2019.
    Fixed exchange rate
    Latvia
    1.0 United States Dollar equals
    0.95 Euro
    ● appreciating in 2017, 2018, 2020 and 2021,
    Fixed exchange rate but depreciating in 2019
    Croatia
    1.0 United States Dollar equals
    7.16 Croatian Kuna

    Floating exchange rate


    Romania
    1.0 United States Dollar equals
    4.71 Romanian Leu

    Fixed exchange rate


    Bulgaria
    1.0 United States Dollar equals
    1.86 Bulgarian Lev

    Fixed exchange rate


    Currency - Analysis (strongest and the weakest)

    Strongest currency is Euro, the currency accepted in Weakest currency is Swedish Krona, in 2019 it was
    all nation of the european union. The close second said to be the worst performing major currency in
    is the Bulgarian lev, used in bulgaria. the world.

    The rise in the trade of the euro makes it the Though the fall in currency’s value should have
    strongest currency in Europe and is the second caused inflation and other consequence it didn’t
    internal currency used as a reserve after USD. happen yet.
    Done by:
    Mukunth
    Adhiseh
    Vinu varsith

    Thank
    You

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