By 2018, the total value of euro currency in circulation was almost 1.2 trillion euros, or over 3.4 thousand euros per capita.Įuro to USDBetween 20, the average annual exchange rate of the euro to the U.S.
This group of 19 countries is otherwise known as the eurozone or euro area. It is therefore different than an annual measure at point in time, which reflects concrete values as of end of the year.ĮstablishmentThe euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union.
The average (standardized) measure is based on the calculation of many observations throughout the period in question. Figures were different later in the year, however, with a rate of 1.09 USD recorded at the end of June 21, 2023. The euro-to-dollar exchange rate fluctuated significantly in 2022, reaching its lowest recorded value since 2008 during that time.
