The Euro began trading virtually as a currency 1 January 1999, later, 1 January 2002, bank notes and coins were introduced to the 11 initial country members of the Eurozone.
The European Central Bank (ECB) located in Frankfurt, Germany is responsible for the monetary policy of the Eurozone and its current president is Mario Draghi.
According to the december 2010 BIS Triennial Central Bank Survey, the Euro was the second most traded currency in the world being part of 39,1% of the transactions after the US dollar with 84,9%.
The EUR/USD pair is the most traded currency pair in the world. It has a very high level of liquidity, makes strong trends and has a low spread.
Member countries of the Euro Zone
