Important question about the Euro
The Euro is the official currency of the Euro Zone, made up of 19 countries in the European continent, and the European Union. In addition, it is the second most important currency on the planet: taking out the countries of Europe, it is used by more than 210 million people worldwide. By 2014, there was more than € 995 million in circulation.
The name 'Euro' was chosen in 1995 by the European Union, which had been established 3 years earlier but was only officially put into circulation in 2002. The currency symbol is € or EUR.
The Euro was created because there was a need to unite the countries and recover the economy, which was in crisis after World War II. Before the currency itself, initiatives were taken to improve economic policy between countries. The European Monetary System of 1979 and the Single European Act of 1986 have brought down various barriers and taxes in trade relations between the countries of the continent. These acts paved the way for the last major initiative in 1992: the creation of the European Union, which already advocated a unified currency, the Euro.
How does the Euro divide today?
The Euro is the basic currency unit, as is the Real (R $ 1) in Brazil and the US $ 1 (one Dollar) in the US. € 1 (one Euro) is 100 cents. Today, the notes are the same everywhere, but each country has its own Euro coin faces. This is the division between the currencies:
€ 2 = 2 Euros
€ 1 = 1 Euro
€ 0.50 = 50 cents
€ 0.20 = 20 cents
€ 0.10 = 10 cents
€ 0.05 = 5 cents
€ 0.02 = 2 cents
€ 0.01 = 1 cent
What is the difference between Euro Commercial and Euro Tourism?
What we usually see on television and on news sites is the commercial exchange, but for those who are preparing for a trip always ends up being surprised by the much higher value charged in the exchange offices and conversions made in the purchase of packages abroad . To get an idea, the Euro tourism quote can be up to 8% higher than your commercial quote.
These differences occur because Brazil has been living in a Flexible exchange system since 1999 - before that the exchange had a fixed amount before the real - that is, it can be traded freely by those who buy and sell the currency. So it is important to compare the Euro tourism quotation between various currency exchange offices before buying.
The explanation for the Euro tourism is more expensive than the commercial is simple: to buy and sell the Euro tourism is necessary to have the money in hand, that is, which entails higher costs for the exchange offices such as transport, maintenance and insurance against thefts, which raises the price of the currency to offset these expenses. On the other hand, commercial transactions are performed virtually electronically.
Coin conversion
If the Eurozone countries are your first stop and you plan to move to other countries that do not use the Euro (England, for example), you should consider whether to convert the leftovers into the local currency of each place you visit. Since the Euro is highly used, some stores in other countries may convert. Swap only what you need for small expenses and give preference to the coins. What to spare, save and change everything at once for real in Brazil.
Anyone who has visited the Middle East, part of Eastern Europe and Africa, already must have met people in the street trying to sell local money in exchange for Dollars. Be aware of this: anywhere in the world, it is the same as trading on the black market.
Can I use the Euro in European countries that are not in the Euro Zone, like England?
Despite the mass of tourists visiting England all year round, not all shops accept currencies other than the pound sterling. So even if you have the wallet full of Euros after a trip on the European block, it's quiet that they have their value. If you do not want to trade at ATMs, at the bank, or at a currency exchange, it's best to know where the money from outside is accepted. This is the case with some of the UK's largest department stores, which accept Euro and Dollar and make the conversion on time.
Converting cash into the store is very practical, but it's worth remembering:
you are exchanging Euro and will be subject to the quotation that the store well understand;
you might have to pay extra for it;
logically, the price of the Euro is going to be more expensive, because what is worth at that hour is the price of convenience, not having to go out looking for a currency exchange if you already have one there, exactly where you found everything you wanted to buy. Hard to resist the temptation! If you do not want to go through this, change the Euro before;
be happy to be able to use your European block notes in English stores because pennies are not accepted;
there is a good chance that direct conversion to banks will be more attractive;
I Love You
For credit card purchases, check with your bank, or your card administrator, which rates for international use and conversion rates. If you are using a debit card, you can withdraw from ATMs
The name 'Euro' was chosen in 1995 by the European Union, which had been established 3 years earlier but was only officially put into circulation in 2002. The currency symbol is € or EUR.
The Euro was created because there was a need to unite the countries and recover the economy, which was in crisis after World War II. Before the currency itself, initiatives were taken to improve economic policy between countries. The European Monetary System of 1979 and the Single European Act of 1986 have brought down various barriers and taxes in trade relations between the countries of the continent. These acts paved the way for the last major initiative in 1992: the creation of the European Union, which already advocated a unified currency, the Euro.
How does the Euro divide today?
The Euro is the basic currency unit, as is the Real (R $ 1) in Brazil and the US $ 1 (one Dollar) in the US. € 1 (one Euro) is 100 cents. Today, the notes are the same everywhere, but each country has its own Euro coin faces. This is the division between the currencies:
€ 2 = 2 Euros
€ 1 = 1 Euro
€ 0.50 = 50 cents
€ 0.20 = 20 cents
€ 0.10 = 10 cents
€ 0.05 = 5 cents
€ 0.02 = 2 cents
€ 0.01 = 1 cent
What is the difference between Euro Commercial and Euro Tourism?
What we usually see on television and on news sites is the commercial exchange, but for those who are preparing for a trip always ends up being surprised by the much higher value charged in the exchange offices and conversions made in the purchase of packages abroad . To get an idea, the Euro tourism quote can be up to 8% higher than your commercial quote.
These differences occur because Brazil has been living in a Flexible exchange system since 1999 - before that the exchange had a fixed amount before the real - that is, it can be traded freely by those who buy and sell the currency. So it is important to compare the Euro tourism quotation between various currency exchange offices before buying.
The explanation for the Euro tourism is more expensive than the commercial is simple: to buy and sell the Euro tourism is necessary to have the money in hand, that is, which entails higher costs for the exchange offices such as transport, maintenance and insurance against thefts, which raises the price of the currency to offset these expenses. On the other hand, commercial transactions are performed virtually electronically.
Coin conversion
If the Eurozone countries are your first stop and you plan to move to other countries that do not use the Euro (England, for example), you should consider whether to convert the leftovers into the local currency of each place you visit. Since the Euro is highly used, some stores in other countries may convert. Swap only what you need for small expenses and give preference to the coins. What to spare, save and change everything at once for real in Brazil.
Anyone who has visited the Middle East, part of Eastern Europe and Africa, already must have met people in the street trying to sell local money in exchange for Dollars. Be aware of this: anywhere in the world, it is the same as trading on the black market.
Can I use the Euro in European countries that are not in the Euro Zone, like England?
Despite the mass of tourists visiting England all year round, not all shops accept currencies other than the pound sterling. So even if you have the wallet full of Euros after a trip on the European block, it's quiet that they have their value. If you do not want to trade at ATMs, at the bank, or at a currency exchange, it's best to know where the money from outside is accepted. This is the case with some of the UK's largest department stores, which accept Euro and Dollar and make the conversion on time.
Converting cash into the store is very practical, but it's worth remembering:
you are exchanging Euro and will be subject to the quotation that the store well understand;
you might have to pay extra for it;
logically, the price of the Euro is going to be more expensive, because what is worth at that hour is the price of convenience, not having to go out looking for a currency exchange if you already have one there, exactly where you found everything you wanted to buy. Hard to resist the temptation! If you do not want to go through this, change the Euro before;
be happy to be able to use your European block notes in English stores because pennies are not accepted;
there is a good chance that direct conversion to banks will be more attractive;
I Love You
For credit card purchases, check with your bank, or your card administrator, which rates for international use and conversion rates. If you are using a debit card, you can withdraw from ATMs
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