Every year on the 1 st of January the whole of Europe celebrates the Birthday of Euro Currency. 2 decades from now Euro came into being, and since then every year whole Europe celebrate this day as its birthday. And since Euro came into being a form that time Europe has been holding a strong economic position for all other continents around the world. As soon Euro bills and coins were passed then every single person living in Europe and businessman adopted this currency.
Ease of Access
Now due to a single common currency for the whole of Europe, it became easier for the travelers to move around with Euro in their pockets. Now you can travel to any country or state inside Europe and you will never have to make a stop at a money exchanger because Euro is a single currency to be used in the whole of Europe. And no doubt it is a big relief for most of the travelers who were tired of always keep checking the money exchange rate, and when sometime they had to face the loss in the form of difference. Even you can get the same currency by money transfer services like ACE Money Transfer if you are traveling in a different country while still being in Europe.
Euro & US Dollar
Euro is one of the important currencies in the world and the only currency that was born in the 1990s and emerging as one of the world’s topmost currencies is really a reward in itself. But despite being this currency having so much importance till now it is unable to compete with US Dollars, and the dollar still holds a strong position in the world of international trading. Plus the federal government of the United States of America has cut their interest rate, but Euro still holds the interest rate of 2.5%. And as obvious, there is no more interest is decreasing on the US dollar, but for Europe, the option is still on.
But if the US government get the interest rate to negative then of course Euro will fall to the rate of the US dollar.