Professional currency conversion with live exchange rates
The United States Dollar (USD) and the Euro (EUR) are two of the world's most influential currencies, serving as the backbone of global trade, finance, and travel. The USD, the official currency of the United States, is the most widely used currency in international transactions, while the EUR, used by 20 European countries in the Eurozone, is a major reserve currency.
The United States dollar (USD) was established by the Coinage Act of 1792, which defined the dollar as a unit of currency based on both silver and gold standards. The Federal Reserve, established in 1913, played a crucial role in the evolution of the USD. Today, the USD is the most widely used currency in global transactions, accounting for approximately 60% of the world's reserves.
The euro (EUR) was introduced in 1999 as an electronic currency and later as physical currency in 2002, marking a significant milestone in European integration. The euro was created to unify the economies of Eurozone countries, facilitating trade and investment while promoting economic stability. Since its inception, the euro has expanded to include 19 of the 27 EU member states.
Currency conversion relies on APIs to fetch live exchange rates. Our converter uses a 30-minute refresh interval to balance accuracy with API rate limits. We enforce a maximum of 48 API requests per day to ensure sustainable service while providing users with the most current exchange rates available.
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