EUR
EUR · noun
Definitions
noun
- 1.
The ISO 4217 currency code for the euro, the official currency of the Eurozone.
- 2.
Used in financial contexts, trading, and international transactions to denote amounts in euros.
Phrases & expressions
- •EUR/USD — the exchange rate between euros and US dollars
- •EUR-denominated — priced or valued in euros
- •Eurozone — the group of EU countries using the euro
Related words
Etymology
EUR is the ISO 4217 three-letter currency code assigned to the euro when it was introduced in 1999. The code follows ISO standards where the first two letters typically represent the country or region (EU for European Union) and the third letter represents the currency name (R for "euRo"). The euro itself takes its name from "Europe."