Convert British Pound to Euro: GBP/EUR - EUR/GBP
The EuroThe Euro is the official currency of the European Union, now used as the sole currency for 19 EU Member States (Eurozone): Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain, for a total of 340 million inhabitants.
The Euro is also the official currency of Vatican City, Monaco and San Marino because of their existing monetary union with other eurozone member states. Have adopted the euro unilaterally the Principality of Andorra, Montenegro and Kosovo.
Introduction of the euroThe Euro was introduced officially on the 1st of January 1999 as a virtual currency, but only from the the 1st of January 2002 it entered physically in circulation with coins and bills in all the eurozone states. The European Central Bank (European Central Bank - ECB) is based in Frankfurt and manages the monetary policy of the euro together with the central banks of the eurozone countries (Eurosystem).
Coins and BanknotesCoins coin have a common side, while the other is different for each of the 18 states, that have individually decided which image is taken, banknotes otherwise are identical in every state. Banknotes and coins of different countries can circulate freely in all eurozone countries. Coins: 1, 2, 5, 10, 20, 50 cents and 1, 2 euro - Banknotes: 5, 10, 20, 50, 100, 200, 500 euro..
Currency ConverterEnter the amount to be converted in one of the two boxes to the left to get into the right the value in the other currency. For example, to know how much is 1 Euro in British Pound, insert 1 in the bottom box to the left and you will get the value in British Pound in the bottom box to the right.
The financial term used for the British pound is Pound Sterling (ster. or stg.) while in everyday language the word commonly used is Pound or Quid (slang).