Forex trading

The euro (symbol: €; plural euros), is the currency of the European Economic and Monetary Union. The official ISO-code of the currency is EUR.

In Maastricht (1992) it was decided to introduce the euro. By this, the value of one euro would be equal to one ECU (European Currency Unit). Since 4 January 1999, the exchange rates of shares, obligations and options on the market are displayed in euros.

The coins and banknotes were introduced on 1 January 2002 in twelve countries of the European Union, together with Monaco, San Marino and Vatican City, during the largest change of monetary operation in history. On 1 January 2007, the euro became the legitimate method of payment in Slovenia. On 1 January 2008, Cyprus and Malta followed, and on 1 January 2009 Slovakia joined the group. Eventually almost every of the 27 EU countries will introduce the euro. However Denmark, Sweden and the United Kingdom refuse this so far, as they prefer their own currency over the euro.