Euro / South Korean won

The Euro is the official currency of the European Union and is used by 19 of its member states. The Euro is the second-largest reserve currency in the world after the US Dollar. As an investment, the Euro can be used to purchase stocks, bonds, and other financial instruments in the European markets. It can also be used as a hedge against currency fluctuations in other currencies, such as the US Dollar. Investors may use the Euro as a way to diversify their portfolios and gain exposure to the financial markets of the Eurozone countries. The Euro also serves as a benchmark for other European currencies, allowing investors to compare the relative strengths and weaknesses of different economies.