The official currency used by countries within the Eurozone, which consists of 19 European Union member states. It is represented by the symbol €.
Related terms
Currency appreciation: An increase in the value of one currency relative to another. If Euros appreciate, it means they become stronger compared to other currencies.
Eurozone: A geographic area comprising 19 European Union member states that have adopted the euro as their official currency.
Central Bank: The entity responsible for managing a country's money supply and often involved in setting interest rates. For example, the European Central Bank oversees monetary policy for countries using the euro.