Euro / Moldovan leu

stockPerformance $0.075 (0.37%)
Updated: 18 Jan, 3:10 pm UTC
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The Euro is the single currency used by 19 of the 28 countries in the European Union. It is a major global currency and a reserve currency, which means it is held by central banks to ensure liquidity in the global market. Investors and traders use the Euro to diversify their portfolios and hedge against currency fluctuations. Within the Eurozone, it serves as a way to facilitate transactions, eliminate currency risk and promote long-term investments. Outside of the Eurozone, the Euro is used to speculate on currency fluctuations, as well as to gain exposure to Eurozone markets. Overall, the Euro provides a stable and reliable currency for investors and traders to use when investing in the markets.