What does 1 Euro equal in America money? Not to mention is this even the Euro sign £?

Question

What does 1 Euro equal in America money? Not to mention is this even the Euro sign £?

Answer 1

No, that's the symbol for pound.  This € is the Euro symbol.

1 US Dollar = 0.67809 Euro

1 Euro (EUR) = 1.47474 US Dollar

Answer 2

i believe that it is around $1.67 or more.  

Answer 3

thats the british pound sign, not euro

€1 = $1.4728

Answer 4

I don't know exactly it's somewhere in between 1.50$ and 2.00$ i think.  And the euro symbol is this i think €. That symbol up there is for the britsh pound.

Answer 5

1 Euro = 1.4728 U.S. dollars

£ is the pound sign, meaning the british money

This is the Euro sign http://www.decodeunicode.org/en/u+20ac/d...

Answer 6

1 euro equals roughly 1.64 American dollars and the euro sign is €

Answer 7

FACTS

£= the sign for "pounds."  Pounds (and pence) are the official currency of the United Kingdom (just like we have dollars and cents in the U.S.)

€ = the sign for euros.

The site I go to for currency conversion is:

http://www.xe.com/ucc/

Currently: 1€ = $1.48007, or, $1 = $0.675377 (so 1 dollar is about 68 "euro-cents").

One must also remember that when converting currency, he or she will pay a percentage for the exchange, so you would actually get less than the exchange rate listed here.

WHY IS THIS EXCHANGE RATE SO WEAK?

It's unfortunate that the current Presidental administration has seemed to advocate a "weak dollar policy" that has driven down the value of the dollar in relation to other golbal currencies (like the Euro).  Incidentally, the weak dollar is one of the major contributing factors to our current high gasoline prices.  Since oil can only be purchased in dollars, regardless of the country doing the purchasing, a weak dollar inflates the prices for barrels of oil, which translates to higher gas prices.  One cause of this weak dollar is, no surprise, the war in Iraq that is causing a major spending deficit (i.e. we are spending more than we are taking in, going into debt).  This seems like a big irony doesn't it?  The oil-rich country we are fighting in is causing the oil from that country to explode in value.

When we have deficit spending like we do now, we have to borrow the money from other countries.  We basically sell them treasury bonds (somewhat similar to the "T-Bills" you can buy at your local bank).  China is the country that is purchasing a majority of these bonds, so China is keeping America financially solvent right now.  But at the same time, China is importing many more goods into the U.S. than the U.S. is exporting.  Americans love to buy all those Chinese goods that line the shelves of stores like Wal-Mart, because they're cheap (which is why the U.S. has a trade deficit with China).  But importing Chinese goods doesn't provide American manufacturing jobs for people in the U.S.  If there were good paying manufacturing jobs in the U.S., people with those jobs would then pay income taxes to the Federal Government.  This seems like a big irony, doesn't it?  Chinese trade is lessening the tax stream to the Federal Government, revenue that would lessen America's spending deficit, which means that we wouldn't have to sell the bonds to China.  

Additionally, the absence of deficit would strengthen the value of the dollar, making gas and other commodities cheaper.  This, in turn, would fuel economic prosperity by lowering raw costs for companies (so they could hire more workers instead of having to cut back) and putting more money into the hands of American workers who could buy more things (causing companies to need to hire more workers), all of which causing the dollar to strengthen further and making the value of $ to € more even than what it is today.  (If you're interested, the articles I've sourced below are very interesting.  They are also respected in academic and/or political circles)