In part 1 of this article we discussed exchange rate euro, the euro zone debt crisis and the seriousness of the situation in terms of its effects on the U.S. economy. A weak euro automatically increases the value of the US dollar because it becomes the safest investment opportunity. The Indian economy relies heavily on getting a good foreign exchange rate on the U.S. dollar. It relies heavily on imports from America to support its economic growth, which are generally purchased in dollars.

The decline in the value of the rupee will effectively make any exports or services coming out of India cheaper. India relies very heavily on imports, particularly for fuel, and as this is paid for in US dollars, fuel prices will soar forcing price increases on products and services. This will further negatively affect the Indian economy as cheaper alternatives will be sourced.

This forces forex reserves to decline quite quickly. Input costs to produce and deliver products will increase, and margins on products will reduce significantly. General prices for food, fuel and other fundamentally necessary essentials will go through the roof and businesses will be forced to cut costs somewhere. This generally tends to be in the form of pay cuts or job losses. India could end up in a similar position to Europe, so what lessons can India take forward from the euro zone?

The Euro debt crisis did not just happen overnight, it was a result of financial globalisation and string less credit circumstances from 2002 to 2008. This was the period of time that sanctioned and encouraged high-risk lending, allowed trade inequity on an international scale, and over inflated property prices that crashed quite catastrophically. This is just to name a few mistakes of the many that led to the European financial disaster that caused exchange rate euro to come crashing to the ground.

Unfortunately in India, successive governments have forgone economic consolidation at the hands of growth. India’s Finance Minister announced that the country’s deficit stood at 5.9% GDP for years 2011 to 2012 i.e. the disparity between government earnings versus spending. In five years, India’s deficit has quadrupled, yet earnings have only increased by 36%. It is bad economic and fiscal management that has brought trouble to Europe, so India must be careful not to make the same mistakes. The lesson here is ‘cut your coat according to our cloth’. The euro zone and exchange rate euro is having a massive knock on affect on other world economies, which could spell global economic disaster if austerity measures are not met.

Keep a look out for more interesting articles on world foreign currency matters, with Best Exchange Rates UK.

In Europe money exchange is a quite remarkable thing. The exchange rate euro has grown as a currency and many states are adopting it. Euro exchange rates are constantly in flux and the Euro has been one of the most successful growth currencies since its introduction. However to many the criteria for joining the single European currency seems a bit confusing. Looking at Europe people will ask why the UK and Denmark have retained their own currencies and why other countries exist using the Euro.

The Euro convergence criterion, which is also often called the Maastricht criteria, are the sets of rules and guidelines different countries have to follow in order to peg their finances to euro exchange rates. With the nature of finances, money exchange in the international markets is becoming harder and harder for smaller currencies that do not have the backing of history in the way the UK Pound has. Especially true for the younger former soviet bloc countries; the exchange rate euro is an important target for them.

Inflation rates of countries wishing to take advantage of euro exchange rates are not allowed to be higher than 1.5% of the three best performing members of the Eurozone. The ratio of government deficit to gross domestic product must not exceed 3%in the year prior to joining the Euro, with only exceptional circumstances and a very close performance in these criteria allowing a nation state to break this rule. Similarly, government debt must not exceed 60%, or, at the very minimum, must be approaching acceptable levels of debt at a suitable pace.

Euro exchange rates are tied to a very specific mechanism when it comes to money exchange. Originally introduced in March of 1979 as a part of the new European Monetary System it aimed to maintain financial stability in Europe. Since the introduction of the Single European Currency we have what is known as the Exchange Rate Mechanism II (ERMII) which replaced the original. In order to join the Euro a nation must be subscribed to the ERMII for at least 2 years.

Long term interest rates of nations looking to join the exchange rates euro are not allowed to be more than 2% higher than the 3 best performing European states too. As we have seen, enlargement of the Eurozone has been an aggressively fast process with more and more nations looking to take advantage of euro exchange rates and pin their finances to a larger pool of resources.

To read more about Euro exchange rates and money exchange visit Best Exchange Rates UK. Our company is a specialist in European money exchange and is ideal for any looking for significant investment in Europe. New Customers can find details more details and information on our site.

They were all members of ERMII (The second version of the Exchange Rate Mechanism to maintain stable foreign currency exchange with the euro exchange rate) until they joined up to the Single European Currency proper.

This means they all had their own currencies and needed to make use of money exchange companies when performing international business transactions and investment during the transitional period. The exchange rates of these various currencies are something of particular interest to anyone studying historical economics.

The Greek Drachma was one of the oldest currencies in the world, existing in its modern form since only 1892 but having roots back all the way to Ancient Greek times under the rule of Alexander the Great. Featuring figures ranging from Gods Apollo and Athena to leading Cytopathologists on their notes it had an unfortunate history by becoming an oversaturated coinage and had a poor euro exchange rate to the Euro of around 350 Drachma to 1 Euro.

After splitting from the former republic of Yugoslavia in 1991 the Dollar from Thelar became the official currency of Slovenia and was officially called the Tolar. Their coins featured images of animals native to the country including the national animal of Slovenia the western honey bee and their notes included various imagery significant to the state. In an interesting difference in timescale for the money exchange and conversion from Tolar across the euro exchange rate there was no transitional period. The Tolar was used in all transactions up until 31 December 2006 and the Euro was used from 1 January 2007. This was true for all transactions whether domestic of foreign currency exchange. Unfortunately, the Tolar was another of the weaker European currencies and only had a euro exchange rate of 240 Tolar to 1 Euro.

In happier fashion Cyprus actually had a decent conversion rate to the single European currency. The euro exchange rate for the Cypriot Pound was 0.6 Pounds to 1 Euro. Introduced by the UK in 1879 the Cypriot pound replaced the Turkish piastres as the currency of Cyprus up until the conversion to the Euro. Divided into Shillings and then into a new Piastre (as nomenclature tribute to the earlier currency) the last set of bank notes featured many a Greek God in its iconography, including having Greek Goddess of Wisdom Aphrodite as its watermark. Sharing its name with the UK currency it was based upon you could find yourself performing foreign currency exchange from Pound to Pound.

There is a rich history in European economics and money exchange and for any modern needs you can visit Best Exchange Rates UK to find out anything about the current markets.

With praises from the BBC, CNN, and the Travel Channel, the XE Currency app for the iPhone is making life easier for the modern day traveller wanting to look up the exchange rate euros. Usually when trying to compare money rates, travellers had to look up the exchange rate, and then either use a calculator or mental math to convert from one currency to another. Today, one can simply download this free app to their iPhone, iPad, Android, Blackberry, or Windows phone to receive current information on exchange rates for every world currency and precious metal.

This app has many user friendly features beneficial to any traveller. For example, the users can set up foreign currency exchange rates that refresh up to every minute, or they can simply shake their iPhone to reset the rates when they need them. This feature ensures that users do not use old or outdated exchange rates that may cause them to lose money. Another feature that makes the app especially appealing is the currency converter. This allows the app users to quickly see how much they are actually paying in their home currency and stay on budget for their trip abroad. It can be easy to lose track of exactly how much money is being spent unless the exchange rate is current at the time of conversion. So, travellers on a budget especially should pay attention to this new technology that will allow them to keep track of their transactions. The last major usable feature of this former iTunes featured app of the week is the ability to monitor up to ten currencies at once. Staying current on different money rates allows users to better plan trips when travelling from country to country or just see patterns in the money rates and get an idea of what is going on in economies across the world. Overall, the XE Currency app is an app designed to save users time by getting correct information on foreign currency exchange very quickly.

This app could be incredibly helpful for people in and around the Eurozone to monitor the exchange rate euros. With the state of the economy in many of the member countries, it would be wise to keep track of how the Euro measures up to other foreign currencies. Visit the Best Exchange Rates UK website for more information on the exchange rate euros and specific information on each world currency.

Worried about where to take your holiday this year and return, wallet intact? The euro exchange rates have many individuals and families rethinking their holidays. There are actually many affordable options as well as many money-saving tips and tricks that should get travellers through the holiday season without breaking the bank.

The first step is choosing where to vacation. Research is very important for this stage of the planning process, especially if looking for a less expensive trip. Airline tickets are more expensive to and from certain countries and cities, and certain countries and cities are more expensive than others. As a rule of thumb, capital cities tend to be more expensive than surrounding cities. Instead of heading to an expensive capital city, go to a place with natural beauty where money is not required to see the sites and everything from hotels to food and alcohol are much less expensive.

After choosing a holiday spot, much planning must go into creating a budget that includes all of the activities that destination has to offer. If determined to see a certain city that is more expensive, be sure to take advantage of all of the freebies that larger capital cities have to offer. Many capital cities offer extremely informative and comprehensive free walking tours. These tours give travellers the feeling that they have a handle on the city, seeing as they have just walked it for two to three hours, and can let them know what other things in the city are worth seeing and paying to see. Another advantage of capital cities are the museums and other historical landmarks. Many museums will be free, but it is important to do research ahead of time to see the costs and if there are any discounts for students or families. Then decide if it is worth the foreign currency to go to that site. If a less expensive venue is chosen, do extensive research on how to get the most out of the time spent there to show that it is possible to have a great holiday while saving money.

Once the planning is done, itineraries and budgets set, money exchange is the next step. When into or out of the Eurozone, be sure to be aware of euro exchange rates and fees for exchanging currency. It is often cheapest to withdraw money in the home currency then exchange it before hand as to not incur bank fees for using a credit card abroad. Just do not exchange foreign currency at the airport or train stations, as they tend to charge the most fees and give the worst rates.

For more information about euro exchange rates and currency exchange in general, visit the Best Exchange Rates UK website.

Excitement is in the air as the London Olympic Games continue in summer 2012. Millions of fans are flocking to the city to see their country perform. These citizens of other countries have to navigate their own way through the United Kingdom and find what they feel is the best foreign currency exchange rate for euro and best money rates.

It is no surprise, however, that Londoners have mixed emotions about the Olympics. Of course, hosting the games is a great honour for any country. However, with extra people in the city, many parts of it can get quite crowded. A recent issue of the London newspaper, the Evening Standard, printed an A-Z guide of what to do if you’d like to get away from the crowds of the games. While some suggestions talked of going to rooftop gardens or trying a hidden restaurant, many suggested going to different countries such as Paris or Greece. While the Pound is used in Great Britain, the Euro is used in these other countries.

Finding the best exchange rate for euro can be very tricky because of the influx of tourists during the Olympics. Instead of being lured into tourist traps set up during this time, locals should look deeper into money rates and find the best and most economical rate. If a Londoner does choose to visit one of the countries suggested, it is also important to do some research, not only on the foreign currency exchange, but also on how the country is doing economically or what there is to see in that country.

For example, the Euro has been questionable in Greece recently, as the debt of the country forced Greece to decide if they would stay with the currency or back out completely. With the decision to stay with the Euro, Greece is now attempting to get out of debt. It is still important to analyse issues like this when traveling.

At Best Exchange Rates UK, finding the best money rates and foreign currency exchange is made easy. The site also has several different descriptions of other currencies, if a Londoner’s holiday takes them to a country that does not use the Euro as their currency.

During the summer months, many travellers and students choose Europe as their destination for holiday, to travel for several months, or to work. During the preparation process, it is easy to overlook exchanging money and to put it off to a later date. Often, people choose to exchange money at the airport or even wait until entry to the country. Specifically, the euro exchange rate can fluctuate to all different levels, especially with recent news of what is happening with the euro in Greece.

Countries that use the euro exchange rate to change currency include Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain and Vatican City. For any traveller going to any of these countries, finding the best money exchange rates can be difficult. Those who begin in one country and then choose to visit several other countries may find themselves exchanging money several times over a short period.

A great tip is to check the rates constantly and when the best exchange rate for euros is reached, be sure to exchange a large portion of money for euros. If exchanges are made when the euro exchange rate is low, money will be lost or wasted. For those on holiday, working or travelling, wasting money can throw off an entire travel budget.

When using a different form of currency than one is used to, it is important to remember to use patience when trying to find the best money exchange rates. A common problem travellers run into is exchanging money too quickly, when a better deal can be found by doing just a bit of research.

The euro exchange rate is constantly updated on Best Exchange Rates UK. It is a great resource for travellers to check, as well as working people and those on holiday. This site makes it possible to exchange when the timing is just right. As well as keeping track of the euro exchange rate, Best Exchange Rates UK caters to private currency exchange, business currency exchange, and even mortgage.

Best exchange rates uk regularly reports on world trade issues and their effects on the global economy and foreign exchange market. We are particularly interested in how global economic issues impact on exchange rates uk.

China and Europe are in negotiations over a world trade deal aimed at facilitating improved international investment opportunities for both countries. The European Union will oversee the deal which is aimed at exploiting the Chinese and European marketplace to help increase international trade and export at a time when the economy requires a much needed boost.

At the 14th EU summit it was declared that the relationship could provide benefits to both parties. China is an emerging market that has enjoyed much success from Europe as a result of the continents open trade policies. Although the euro zone crisis is far from resolved, China is convinced of the euro’s future strength due to the solidarity among member states. The China – Europe trade plans will have a positive impact on best exchange rates uk and the best exchange rate for euros if the initiative pulls off.

The China-Europe relationship is the biggest in the world in terms of trade and Europe is the worlds largest importer of Chinese goods. Over 550 billion euros were traded throughout 2011, fuelling jobs, growth and economic prosperity.

The main thrust of opportunity behind the bilateral agreement is based upon openness and freedom of movement for trade and investment, the ultimate goal is aimed at limiting and removing boundaries to trading. China has been criticised in the past for its autocratic style of governing its populous, in a way that prevents democracy. People are unable to freely browse the worldwide web in China and one of the steps towards creating improved trade is to create an openness that extends beyond government officials, to the business and consumer community. It is felt this will facilitate improved trade through Europe. The China-Euro talks also covered areas outside of trade and commerce and outlined joint plans to lower carbon output, issues of world energy supply and waste management.

Best exchange rates uk are continually reporting on interesting international trade agreements and initiatives, look out for more up and coming articles on the Best Exchange Rates UK website.

The euro exchange rate fluctuates constantly, but at the time of writing circa. 1.27 from pounds to the euro. The rate was much better during the year 2007 with an exchange of 1.4 to 1.5 to the pound. The Euro note has recently taken a large economic downfall; beginning is later 2007 with a sudden turn-around from a previously good rate. At this time, the Euro had a rate of nearly 1 to 1, but has recovered somewhat within the past 3 years, beginning in 2009.

The official zones that utilize the Euro are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. It is also commonly used in Andorra, Kosovo, Montenegro and many of the islands of the euro nations, including the Canaries and the Azores.

When traveling, there are several tips to remember when using the Euro and thinking of the best exchange rate. Euros come in a variety of notes, including 5, 10, 20, 50, 100, 200 and 500 amounts. Coins come in 1 and 2 euro, and 1, 2, 5, 10, 20 and 50-cent amounts. Although it may be easier to travel with larger bills to take a lighter load, it is actually best to travel with several smaller notes. Many hotels and local businesses do not accept larger notes, and keeping less coin change is always more beneficial to travel light.

Another beneficial tip when working with the euro is to pre-order notes before travelling. They can be ordered through a local post office or many different banks. There is an online ordering system, on demand or purchases via telephone. Exchanging money prior to travelling can ensure a better exchange rate and keep costs down as an alternative to exchanging money at an airport or locally.

To read more about the Euro exchange rate, as well as other conversion rates, money systems and currencies, visit Best Exchange Rates UK. The site also specializes in international mortgages, business currency exchange and private currency exchange. With a risk free guarantee, Best Exchange Rates UK is always a safe bet when checking the euro exchange rate prior to travelling.

A history of exchange rate euros from a online exchange rate specialist – Best Exchange Rates UK. The central bank in Europe is called the European Central Bank (ECB) and as of 2011, 17 EU member states have adopted the Euro. It is the second most traded currency on the forex market, as many institutions and individuals trade in the Euro. Other commonly known national names for the Euro are Teuro (German), Eumeln (German), Quid (Irish English), Leru (Spanish), Neuro (Italian), and Ege (Finnish).

 On January 1st 1999, eleven of the countries in the European Economic and Monetary Union (EMU) decided to relinquish their own currencies and adopt the Euro (EUR) currency.  These included Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The Vatican City also participated in that change over. Greece followed suit on January 1, 2001, Slovenia on January 1st 2007, Malta and Cyprus on January 1st 2008 and Slovakia on January 1st 2009, all contributing to better exchange rate euros.

 Any region that previously used currencies from the above countries has also adopted the Euro. This applies to the Principality of Andorra, the Principality of Monaco and the Republic of San Marino. This also applies to any territories, departments, possessions or collectives of Euro-zone countries, such as the Azores, Balearic Islands, the Canary Islands,Europa Island, French Guiana, Guadeloupe, Juan de Nova, the Madeira Islands, Martinique, Mayotte, Reunion, Saint-Martin,Saint Pierre and Miquelon, to name just a few.

Euro bank notes and coins began circulating in the above countries on January 1st 2002. At that time, all transactions in those countries were valued in exchange rate euros and the “old” notes and coins of these countries were gradually withdrawn from circulation.

At Best Exchange Rates UK we have been following the Euro since its inception and can get you some of the best exchange rate euros.