How Much Is 1 Euro Worth In Sterling?


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One Euro is currently worth 0.88 pence in Sterling. This, however, can change on a daily basis depending upon the foreign exchange rate at any particular time.

Sterling is also known by a few alternative names, and they include the British Pound; the United Kingdom Pound; the English Pound; British Pound Sterling; Pound Sterling; GBP; UKP; STG and BPS. The symbol for this monetary value is £.

Whatever anybody wants to call it, the Pound is legal tender in England, Scotland, Wales, Northern Ireland, the Isle of Man and the Channel Islands, which are made up of Jersey, Guernsey, Aldernay and Sark.

The Euro is available in many European countries and represents a single currency. It was introduced in January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1, and entered circulation in January 2002. Like the British Pound, the American Dollar and other currencies, it is sub-divided into 100 units: Cents or euro-cents.

The coins are available in denominations of one, two, five, ten, twenty and fifty cents; and one and two euro. Banknotes are available as five, ten, twenty, fifty, one hundred, two hundred and five hundred euro.

The central bank for Euros is the European Central Bank, and the countries that use the Euro are (in alphabetical order): Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Portugal, Slovakia, Slovenia, Spain and the Vatican City.

The Euro was established in the Maastricht Treaty in 1992 and there were very strict criteria to be met if member states wanted to participate. They had to have a debt ratio of less than 60 per cent of their gross domestic product; interest rates that were close to the EU average and a budget deficit of less than three per cent. The United Kingdom and Denmark decided to opt out.

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