Spain currency vs us dollar: Currency Exchange Rate Conversion Calculator

USD to EUR — Convert US Dollar to Euro | USD to EUR Currency Converter

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Amount

1,000 usd

Converted to

961.80 eur

1.00000 USD = 0.96180EUR

Mid-market exchange rate at 06:15 UTC

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Top currencies

  EUR GBP USD INR CAD AUD CHF MXN
1EUR 1 0. 8595 1.0397 84.9565 1.39117 1.5395 0.983 20.1109
1GBP 1.16347 1 1.2097 98.8476 1.61864 1.79122 1.14369 23.3992
1USD 0.9618 0.826651 1 81.7125 1.33805 1.48071 0.9455 19.343
1INR 0.0117707 0.0101166 0.012238 1 0.0163751 0.018121 0.0115711 0.23672

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Conversion rates US Dollar / Euro
1 USD 0.96180 EUR
5 USD 4.80900 EUR
10 USD 9.61800 EUR
20 USD 19.23600 EUR
50 USD 48.09000 EUR
100 USD 96.18000 EUR
250 USD 240.45000 EUR
500 USD 480.90000 EUR
1000 USD 961.80000 EUR
2000 USD 1923. 60000 EUR
5000 USD 4809.00000 EUR
10000 USD 9618.00000 EUR
Conversion rates Euro / US Dollar
1 EUR 1.03970 USD
5 EUR 5.19850 USD
10 EUR 10.39700 USD
20 EUR 20.79400 USD
50 EUR 51.98500 USD
100 EUR 103.97000 USD
250 EUR 259.92500 USD
500 EUR 519.85000 USD
1000 EUR 1039.70000 USD
2000 EUR 2079.40000 USD
5000 EUR 5198.50000 USD
10000 EUR 10397.00000 USD

Euro vs US Dollar — Difference and Comparison

History

Origins of the Euro

The Euro was introduced to financial markets on January 1, 1999. Coins and banknotes entered circulation on January 1, 2002. After the Maastricht Treaty in 1992, most EU member states are obliged to adopt the Euro after meeting monetary and budgetary requirements. However the UK and Denmark negotiated exemptions, and Sweden rejected the Euro in a referendum. All new members of the European Union since 1993 have pledged to adopt the Euro. After the US financial crisis in 2008, fears rose over a sovereign debt crisis in the Eurozone, with Greece, Ireland and Portugal at particular risk.

Origins of the US Dollar

The US constitution provided the United States Congress with the power “to coin money.” The first dollar coins were issued by the United States mint in 1792, and were similar in size and composition to the Spanish dollar, and the Spanish dollar and Mexican dollar remained legal tender until 1857, as did the coins of various English colonies.

Administration and control of monetary policy

The Euro is managed and administrated by the European Central Bank (ECB) in Frankfurt. It is printed, minted and distributed in all member states by the Eurosystem, a network of the central banks of member countries.

The US dollar is managed by the Federal Reserve.

Countries

The Euro is the official currency of the Eurozone, which is made up of 19 of the 27 member states of the European Union. These countries are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. It is the sole currency of these countries, and is used by over 350 million people. It is also the sole currency of Montenegro and Kosovo, several micro states (Andorra, Monaco, San Marino, the Vatican City), and overseas territories of EU states: Mayotte, Saint Pierre and Miquelon, and Akrotiri and Dhekelia.

The US dollar is the official currency of the United States and its overseas territories. It is also used as the sole currency in Palua, Micronesia and the Marshall Islands, and is also used in Panama, Ecuador, El Salvador, East Timor, the British Virgin Islands, Turks and Caicos Islands, Bonaire, Sint Eustatius and Saba.

Here is the share of the Euro and the US Dollar in the worldwide foreign currency reserves held by sovereign governments:

Currency composition of foreign exchange reserves

Exchange Rates

This chart shows the historical price of 1 Euro denominated in USD. For much of the past two decades, 1 Euro has always been worth more than 1 US dollar. However, in October 2022, the Euro/Dollar exchange rate briefly went below $1.

Historical exchange rate for 1 Euro to US dollars.

Amount of money in circulation

The Euro is the second largest reserve currency and the second most traded currency in the world. As of September 2012, there were more than €915 billion in circulation, making it the currency with the highest combination of banknotes and coins in circulation in the world.

The US government keeps over $800 billion in cash in circulation. It is the largest reserve currency and the most traded currency in the world.

The money supply is different from the amount of hard cash in circulation.

Historical chart for M3 money supply for the United States and for the Euro area.

Recent News

References

  • Wikipedia:Euro
  • Wikipedia:USD
  • Wikipedia:International use of the US dollar

In Spain they told how the West «helped» Russia to abolish the hegemony of the dollar

https://ria.ru/20220402/dollar-1781491870.html

In Spain they told how the West «helped» Russia to abolish the hegemony of the dollar

In Spain told how the West «helped» Russia to abolish the hegemony of the dollar — RIA Novosti, 02. 04.2022

Spain told how the West «helped» Russia to abolish the hegemony of the dollar

one of the materials was called anti-Russian sanctions. RIA Novosti, 04/02/2022

2022-04-02T22: 22

2022-04-02T22: 22

2022-04-02T22: 22

Economics

dollar

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MOSCOW, April 2 — RIA Novosti. The Spanish news portal Rebelión sharply criticized Western «extortion» — this is how the authors of one of the materials called anti-Russian sanctions. «In the West, the situation is starting to raise more and more questions,» the text of the publication says. became the United States, forcing the allies to blackmail Moscow. At the same time, as the author writes, Russia itself responded to Washington with a «cunning measure against hegemony» by deciding to transfer payments for gas supplies to unfriendly countries into rubles. The text also emphasizes that such a response could be a fatal step for the dollar as a world reserve currency. «India, Russia, Iran, Turkey, the United Arab Emirates, Japan and other countries are already trading various types of goods in their national currencies,» they note the authors of the publication, emphasizing that a number of experts already consider the current situation a «point of no return.» «gangster-sanctions games» of the West will inevitably lead to these changes. In his opinion, it is no longer possible to stop this process. The economic measures of the West are connected with a special military operation to demilitarize Ukraine, which began on February 24. The sanctions affected the banking sector, the supply of high-tech products and a number of other areas. The Kremlin called the sanctions an economic war, the likes of which have never been seen before. At the same time, the authorities announced their readiness for such a development of events and assured that they would continue to fulfill social obligations. The Bank of Russia is taking measures to stabilize the situation on the foreign exchange market. The President of the country also announced the transfer of natural gas payments to the European Union and other countries that have introduced restrictive measures into rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. Read the full text on the InoSMI website >>

https://ria.ru/20220402/gaz-1781479355.html

https://ria.ru/20220402/evropa-1781361741.html

https://ria.ru/20220331/zapad-1780956836. html

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Alexandra Pokrovskaya

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Alexandra Pokrovskaya

economy, world, dollar, usa, russia, european union, spain

economy, world, dollar, US, Russia, European Union, Spain

MOSCOW, April 2 — RIA Novosti. The Spanish news portal Rebelión sharply criticized Western «extortion» — as the authors of one of the materials called anti-Russian sanctions.

«In the West, the situation is beginning to raise more and more questions,» says the text of the publication.

April 2, 19:32

Former MI6 agent surprised by EU ‘joke’ about Russian gas

The article also notes that the United States was probably the initiator of what was happening, forcing the allies to blackmail Moscow. At the same time, as the author writes, Russia itself responded to Washington with a «cunning measure against hegemony» by deciding to transfer payments for gas supplies to unfriendly countries into rubles. The text also emphasizes that such a response could be a fatal step for the dollar as the world’s reserve currency.

«India, Russia, Iran, Turkey, the United Arab Emirates, Japan and other countries are already trading various types of goods in their national currencies,» the authors of the publication note, emphasizing that a number of experts already consider the current situation a «point of no return. »

The process of transition of countries to mutual settlements in national currencies was also discussed in the Kremlin today: for example, presidential press secretary Dmitry Peskov said that the decline in the prestige of the dollar and the euro against the backdrop of the «gangster-sanction games» of the West will inevitably lead to these changes. In his opinion, it is already impossible to stop this process.

April 2, 08:00

Europe began to set up a gas-ruble experiment on itself

Western economic measures are connected with a special military operation to demilitarize Ukraine, which began on February 24. The sanctions affected the banking sector, the supply of high-tech products and a number of other areas.

The Kremlin called the sanctions an economic war, the likes of which have never been seen before. At the same time, the authorities announced their readiness for such a development of events and assured that they would continue to fulfill social obligations. The Bank of Russia is taking measures to stabilize the situation on the foreign exchange market. The President of the country also announced the transfer of natural gas payments to the European Union and other countries that have introduced restrictive measures into rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives.

Read the full text on the InoSMI website >>

March 31, 08:00

Globalization is cancelled. The West is losing the basis of its power

The dollar is in danger: how the blocking of the NCC can affect exchange rates currency trading. At the same time, sanctions against the NCC do not mean a complete cessation of trading on the domestic market, as well as a return to the regulated dollar exchange rate, as was the case in Soviet times, experts say. How does the NCC work and what will happen to the dollars in the brokerage accounts of Russians?

After the announcement of referendums on joining Russia to the LPR, DPR and the territories occupied by the Russian authorities of the Zaporozhye and Kherson regions of Ukraine, the EU countries again started talking about expanding sanctions. Experts believe that the restrictions may affect the National Clearing Center, on which currency trading on the stock exchange directly depends.

Finished reading here

Why NCC is needed

NCC is part of the Moscow Exchange. The organization performs the function of clearing, that is, non-cash settlements between participants in the stock market for transactions with securities. In addition to clearing, the NCC also acts as a central counterparty in the financial market: its work also extends to the stock, derivatives and commodity markets, to the markets of precious metals and standardized derivative financial instruments.

NCC is a central counterparty that acts as a buyer and seller in every transaction, explains HSE Professor Evgeny Kogan. NCC has correspondent accounts opened in Russian and foreign banks for each currency. As a central counterparty in the financial market, the NCC assumes the risks of transactions that are concluded during exchange trading. At the same time, the clearing center acts as an intermediary between sellers and buyers: they conclude transactions not with each other, but with the NCC. “If you keep currency on a brokerage account, this means that you have deposited collateral with the NCC for transactions through the broker’s trading and clearing account,” explains Kogan.

Clearing and sanctions

Since 2014, the NCC has had regulations in case of sanctions, RBC wrote with reference to the center’s letter. At the beginning of the summer, he sent a letter to professional participants in the stock market, in which he spoke about possible actions in the event of the imposition of sanctions, namely restrictions on one or more foreign currencies. According to the letter, in the event of a risk of sanctions, NCC intends to replace the currency in order to fulfill obligations under transactions on all markets of the Moscow Exchange, except for the term market, stop accounting as collateral for the restricted foreign currency, and stop crediting and debiting such currency according to the settlement codes of the clearing participants. At the end of August, the NCC partially fulfilled its plan — it stopped accepting euros and dollars as collateral for transactions.

As The Wall Street Journal wrote this week, the administration of President Joe Biden is also considering the NCC as a possible target for sanctions. In addition to it, the National Payment Card System (NSPK), the Mir payment system operator, the Deposit Insurance Agency and the National Settlement Depository may be included in the sanctions list.

Now currency transactions on the stock exchange are not limited in any way, clients of brokers can buy and sell currency. As a rule, conversion fees have increased, but the main thing is that the very possibility of conversions on the exchange remains, Alfa Capital notes. With the imposition of sanctions, most likely, all foreign currency funds of NCC clients will be frozen, and currency trading on the stock exchange will stop, experts say.

If blocking sanctions are imposed against NCC, the effect will be the same as when banks are included in the SDN list, says Anton Prokudin, chief macroeconomist at Ingosstrakh Investments. “The NCC will stop conducting transactions in dollars, euros and some other currencies. This will lead to the end of trading in these currencies on the Moscow Exchange due to the impossibility of clearing,” he explains. And although it will still be possible to transfer currencies between accounts within the framework of a closed cycle within the NCC, it will not be possible to withdraw or deposit them in the NCC. If sanctions are imposed only by the United States, then trading in European currencies may continue, and vice versa, says Prokudin.

Related material

Dollar: foreign and domestic

If the NCC finds itself under blocking sanctions, dollar trading for external operations will migrate to the interbank market, Evgeny Nadorshin, chief economist at PF Capital, believes. “That is, those banks that are not cut off from external counterparties will conduct transactions among themselves, and currency trading will take place on such a platform. It could theoretically be on the blockchain. There will be a certain system that cannot be turned off at once, but only if you turn off each of the participants individually. With the threat of sanctions, this would probably be the best option, ”Nadorshin believes.

At the same time, according to him, it is not necessary to curtail trading in dollars to carry out transactions on the domestic market. The economist notes that this is possible through the formation of open currency positions, for which financial institutions can have a certain amount of currency «virtually». “No blocking sanctions against the Moscow Exchange or its clearing structure have any meaning at all for domestic dollar trading. And this closes a lot of needs in foreign currency, because not so many counterparties need dollars exclusively for external transactions. A large number of counterparties invest in currencies, keep savings in them,” Nadorshin says. He adds that in this case, it would be logical to organize an “internal” platform on the infrastructure of the Moscow Exchange, since it is maximally adapted for these purposes and the exchange has many instruments associated with this underlying asset.

Related material

How the exchange rate will be determined

Now the Bank of Russia sets the official exchange rate of the dollar, euro and yuan against the ruble based on the Moscow Exchange data on the weighted average rates of these currencies against the ruble for transactions concluded from 10:00 to 15:30 Moscow time.

If exchange trading stops, the dollar rate will still not become regulated, as it was in Soviet times, because trading in friendly currencies will remain, and through them it will be possible to calculate the cross rate of the ruble against the dollar and the euro, says the managing director of the department for work with the shares of Sistema Capital Management Company Konstantin Asaturov. “As a result, the Russian market will not be completely isolated, which will allow players from friendly countries with access to both Forex and the Moscow Exchange to quickly close arbitrage if there are suddenly large differences between the ruble exchange rates against various currencies inside and outside the country. ‘ he says.

In the absence of trading, the dollar rate can be set in a reference manner, with settlement through trading in other currencies on the Moscow Exchange or based on rates on international currency markets, adds Anton Prokudin from Ingosstrakh Investments. “Although the option of using bank rates to determine the “market” rate of the dollar and the euro was discussed, which is dangerous because of possible manipulations,” he explains.

At the same time, the situation on the cash currency market will be different, Asaturov believes. Demand for cash dollars is likely to skyrocket, and this will stimulate a high ruble-dollar cross-rate premium, for example, through the yuan.

What will happen to dollars in accounts, shares and Eurobonds

If trading in dollars on the Moscow Exchange stops, holders of Russian sovereign Eurobonds may have problems, analysts at Tinkoff Investments write — if sanctions against NCC are implemented, then it will be possible to sell such securities before maturity problematic. “More precisely, you can sell them, but what to do with the dollars received from the sale? They can only be sold at the bank’s internal exchange rate, which may not be profitable. It will not be possible to do this on the exchange, because the mechanism for selling currency on the exchange will not work, ”the service review says.

At the same time, NCC should not be affected by foreign regulators blocking trading in foreign shares and bonds, although the final list of possible sanctions may make its own adjustments, Kogan notes.

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