Euro / Bahamian dollar

The Euro is the official currency of the European Union and is used by 19 of the 28 EU member states. It is also the second most traded currency on the international Forex markets. Investors use the Euro to diversify their portfolios, hedge against currency risk, and take advantage of the Eurozone’s strong economic growth. The Euro is also used to purchase stocks and bonds and to take advantage of the Eurozone’s low inflation and interest rates. Financial institutions and investors can also use the Euro to trade derivatives contracts and currencies. The Euro is a key component of international investing and financial markets and provides investors with access to a wide range of financial instruments.