Euro / Danish krone

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Updated: 18 Jan, 3:20 pm UTC
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The Euro is a single currency used by 19 members of the European Union (EU). It is the official currency of the eurozone, a monetary union of European countries which have adopted the Euro as their sole legal tender. The Euro is a key global currency for investors and financial markets. It is one of the most traded currencies in the world and is a major factor in global capital markets. It provides a stable and liquid currency for international transactions and serves as a reliable store of value. Investors use the Euro to invest in the European markets and for international transactions. The Euro also serves as a benchmark for other currencies and provides a hedge against volatility and exchange rate risk.