The euro and the US dollar today are the two largest and most popular currencies in the world. They are in great demand, it is these currencies in the forex market that make the largest number of transactions, both in terms of quantity and volume, which makes this currency pair the most liquid.
The pair EUR / USD is built on the principle of direct quotation. As the base currency is the euro, quoted in it - the US dollar. The growth of the currency pair means the strengthening of the euro against the US dollar, that is, more dollars are needed to buy one euro. A decrease in the exchange rate indicates a strengthening of the dollar.
Using the current exchange rate chart, you can monitor the volatility of a currency pair in real time.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is governed by the US Federal Reserve, which performs the functions of the Central Bank.
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