Ask a question about the euro in international finance! 20

The euro, the common currency of the Eurozone.

Conditions, free circulation within the common currency area.

to improve efficiency and save costs.

The euro is the common European currency and can be used in any European country. (Previously, each country had its own currency, such as the French franc).

The euro first appeared to unite the forces of European countries to resist the global hegemony of the dollar and slow down the dominant role of the dollar. To put it simply, Europe is going to unite against the tools of the United States.

Let me give you an example: now the global oil price is marked by the dollar, and the depreciation of the dollar oil price is a strong one, which seriously affects the world's consumption level and affects the global economy. The euro is currently more preserved than the dollar, so it is better to hold the euro than the dollar, and in the future, it will affect the world by changing the price of goods to euros in dollars.

The euro is a financial avoidance because before the euro was created, European countries had their own currencies, and if a superpredator were to attack a country's currency, let's say it was the franc, the currency of the rest of Europe would have a relatively small impact.

But with the euro, the plate gets bigger, the cost of the attack is higher, and of course the risk is relatively small.

Another way to understand is to use the relationship between supply and demand to understand, assuming that there are ABCDEFG and other items, as far as a single A is concerned, the whole market to buy and not to buy has a greater impact on A, and the same is true for B, but when ABCDEFG is an equivalent item, the impact is relatively small.

Hello, I am very happy to serve you and give you the following answers: the impact of the euro on the euro area countries is huge, it enables the implementation of the fiscal policy of the euro area countries, makes the monetary policy of the euro area countries more consistent, and the economic environment becomes more stable, which can better promote exchanges between countries, and then promote economic development. However, the launch of the euro also brought some problems, especially with regard to fiscal and monetary policies in the eurozone countries.

For example, the start of the euro only makes the fiscal policy of the euro area countries be constrained to a certain extent, and because the start of the euro makes the monetary policy of the euro area countries more consistent, if the monetary policy of one country has problems, it will affect other countries, and thus affect the economic development of the entire euro area. In order to solve these problems, the eurozone countries should take a series of measures so that they can give better play to the advantages of the euro and promote the economic development of the eurozone countries. Among them, the most important thing is to establish a strong eurozone fiscal policy, so that the fiscal policy of eurozone countries is more coherent and effective; Secondly, it is necessary to strengthen communication and cooperation among eurozone countries, so that problems in eurozone countries can be discovered and resolved in a timely manner. Finally, it is also necessary to actively promote the economic integration of the eurozone countries, so that we can give better play to the advantages of the euro and promote the economic development of the eurozone countries.

The launch of the euro has important or burning implications for the eurozone countries themselves. First, the launch of the euro allowed eurozone countries to better participate in the international financial system, thereby enhancing their international competitiveness. Second, the launch of the euro also provides a more stable monetary system for eurozone countries, which is conducive to economic stability and economic development.

In addition, the launch of the euro will also facilitate exchanges between eurozone countries, thereby promoting economic integration within the eurozone. In short, the launch of the euro has an important impact on the eurozone countries themselves, which will contribute to the economic development and international competitiveness of the eurozone countries.

Euro banknotes are available in 7 denominations, each of which varies in size and color. Each denomination of banknotes shows a European architectural period, a map of Europe, and a European flag.

Coins come in 8 denominations: 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, 1 yuan, and 2 yuan. The coins of the 16 countries in the European Paradise Zone have the same design on one side and a different design on the other.

One euro = 100 coins of 1 cent = 50 coins of 2 cents 50 cents = 5 cents of 10 cents = 10 cents of 5.

1. If you buy euros from the bank, then you have to look at the selling price, the so-called "sell" is that the bank sells the foreign exchange it holds to you. If you want to sell your own foreign exchange to the bank, because the bank gives you ** foreign exchange, it is called "buying and selling at the price". So you sell 3,500 euros to the bank for RMB, and the bank uses the "** price".

2. Look at your foreign exchange is cash or spot exchange, in layman's terms, cash is you are now holding pound sterling banknotes, at this time you go to the bank to exchange RMB, that is, to use the bank is to use the "cash ** price" and you exchange, and the current exchange is that you refer to the foreign exchange you hold is already stored in the bank, you did not take the cash, at this time you go to the bank to change people is to use the "cash exchange attack this old ** price". That is to say, if the euro remitted to you is still in the bank, then you will use the "spot exchange rate" to exchange it

3. As for the exchange rate of each bank, you can log on to their official website, look at the foreign exchange rate, and compare it. However, since your money is already in CITIC, it is most convenient to exchange it directly.

It is the middle price, as a reference **, if you want to exchange, the bank will bring the clear according to the exchange for you, if you plan to use the RMB in your hand to exchange for dollars, the bank will be converted for you before the debate, the difference in the price is very large, but also the profit earned by the bank.

It should be calculated that those 2 prices are the trading prices of foreign exchange.

At first, I also thought that the first one was cost-effective, but the actual calculation is still the second cost-effective, according to the current exchange rate of the euro to the yuan, 10,000 euros = 94,383 yuan two, according to the current exchange rate of the euro to buy the dollar, first of all, 1,000 euros = 14,615 US dollars According to the current exchange rate of the US dollar to the RMB, 14,615 US dollars = the RMB exchange rate is a real-time change, I am calculated according to the current exchange rate.

You can go to the ** of the major banks to check the real-time foreign exchange rate, it is not easy to calculate, give points.

Of course, the first case is cost-effective if the exchange rate remains unchanged, and the second bank will be happy if the spot exchange rate is bought at the same price.

You can check the current exchange rate of the euro against the US dollar, the exchange rate of the euro against the yuan, the exchange rate of the dollar against the yuan, and then calculate for yourself, whether it is more money to exchange euros for dollars and then use dollars for yuan, or to really exchange euros for yuan, it is very simple.

You can use the current exchange rate to determine whether it is more cost-effective to convert directly or to USD first.

No matter how you convert, the first method is still cost-effective. As I said upstairs, the bank has to charge a handling fee for the exchange during the exchange process (in fact, it is not a handling fee, but the bank earns the exchange rate), and the exchange rate of the US dollar against the euro is indirectly calculated through the two exchange rates of the US dollar against the yuan and the euro against the yuan, just like 1 gold coin = 10 silver coins = 100 copper coins, 1 gold coin = 100 copper coins, it does not mean that it is cost-effective to exchange gold coins for silver coins first, and then exchange silver coins for copper coins.

If, according to the second option, the bank pays double the labor of the first option, and you are cheapened, do you think it is possible?

It's just that the exchange rate is changing in real time like **, and the exchange rate changes when you exchange and the exchange rate is more than expected, but remember that the exchange rate changes are two-way, and may rise or fall.

Second, according to his conversion rate, you can figure out by yourself, whether it is a direct exchange or a cross exchange.

Most of the people around me use the second option, saying that it is more cost-effective than the first option, and the money is more --- wrong conclusion, and they forget one of the most important issues.

That is, during the exchange process, the bank has to charge the exchange fee, and of course there is no such fee in theory, so do not exchange it through transit.

According to the bank rate of the day, you can calculate it yourself, and if the bank charges a fee, this will also be taken into account.

You can calculate both of them first, and the one you said** sell, even the bank is also going to make a profit.

Like you said, if Greece withdraws, the impact is huge. It stands to reason that a system has criteria for entry and exit, but in this case, the system will be unstable, and who would dare to buy euros? So my personal opinion is that Greece will not withdraw, this system will only enter and not exit.

In fact, many states in the United States are worse off financially than European pigs, but have you ever heard of any state withdrawing from the United States? What the euro needs is more regulatory and regulatory constraints, as well as punishment mechanisms, and whoever builds a coalition wants it to grow stronger and stronger, with more and more members.

I don't know what the Chinese are happy about? If Europe collapses, China will be greatly affected, and the EU is China's largest partner, and our exports are already very difficult. And exports, in turn, mainly feed the people.

Secondly, Europe cannot boast, because this is also very important for China's global strategy, China wants to seek a game between Europe and the United States, such as Boeing ** is too high, or political issues, we can turn to Airbus, but if Europe collapses, our chips will be reduced.

Today's economy is global, because China does not have core technology, only in the game of the other side to seek a fine seam, left and right balance, if Europe collapses, China has no benefit.

The eurozone is a very unifying and extremely large existence, and in terms of economy and finance, it is a powerful organization for the whole world, so that more European countries can survive and develop better.

Therefore, from the perspective of financial markets, the euro will definitely continue to exist.

The euro will continue to exist, but it will still depreciate, and it is impossible to cancel the euro without devaluation.