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online. No commission - Sterling to Euro Travellers cheques, no delivery charge - Next day fully insured currency delivery FREE if you pay with a debit card. Exchange Euro back to Sterling - Buy back any 'left over' Euro, all Euro transactions on Bureau-de-change.net are safe, secure and guaranteed.
Purchase Euros online by 12:30 pm and recieve your Euros by 5.30 p.m. the next day - by free fully insured delivery service. If you purchase Euros after 12:30pm you will recieve your Euros within two working days. Pay online for your Euro currency - following bank cards are accepted Switch, Delta, Visa, MasterCard.
The minimum amount of Euros you can purchase on line is £50 - it is the same for Euro Traveller's cheques £5,000 worth of Euros is the maximum online purchase amount. Convert Stirling to Dollars it is not just Euros that we can give you, Dollars or to any 37 different currencies listed on our Sterling currency section.
Facts about The Euro and Euroland
History of the Euro.
The Euro has been a long held dream of the European Union as a way of fair and competitive trading within Europe using one common currency and as method of increasing International Trade. It was an ambitious plan that took a lot of foresight and planning. Out of fifteen European Union countries Great Britain, Denmark and Sweden have opted not to join the euro currency and Greece has not met certain economic criteria to join.
On 31 December 1998, at 11.30 Central European Time, the central banks of all countries joining monetary union (ie the Euro) determined the US dollar rate for their national currency.
1 January 1999.The euro becomes a valid currency. Citizens and companies can do their accounts in euros, but are not obliged to do so.
January 2002 Euro coins and bank notes are introduced. Some countries phased the Euro currency in gradually, running two currencies whilst others changed over at one moment in time.
1 July 2002 The Euro currency becomes the only valid currency as all other ‘old’ currencies become obsolete.
Facts about Europe and the euro
'Euroland' as it is sometimes referred by, has 11 member states; Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Spain and Portugal. Here are some facts about the ‘Eurozone’
Population
Eurozone is larger than the United States with a population of 290 million
Economy
The collective gross domestic product (GDP) of the European states is about$6,480bn .The US GDP of $7,610bn.
Exports
The European states export more than $652bn in international trading and over $1,110bn within the European Union. The US economy exports goods and services worth $585bn.
The rules for joining the euro currency
The "Maastricht" treaty between the states of Europe set out the rules for the conversion to the euro currency. Those that have joined the euro currency obviously met them and those remaining countries will also have to meet these rules to join the euro currency
Inflation should be within 1.5% of the eurozone.
Their exchange rate should be stable against the euro currency.
Public debt needs to be less than 60% of GDP.
The budget deficit should be less than 3% of their gross domestic product.
The United Kingdom has also set its own criteria before a referendum is put before its citizens as to whether to join the euro currency
‘Are business cycles and structures compatible so that we and others could live comfortably with Euro interest rates?’
‘If problems emerge is there sufficient flexibility to deal with them?’ This test owes its origins to the optimal currency area approach of Robert Mundell, the Nobel Prize winning economist. To be successful you need either labour mobility (people actively searching for work) or wage flexibility or both, so labour costs can fall in less attractive areas to bring in investment.
‘Would joining the Euro create better conditions for firms making long term decisions to invest in Britain?’
‘What would be the effect on the competitive position of Britain’s financial services industry, particularly the wholesale markets?’
‘Will joining the Euro promote higher growth, stability and a lasting increase in jobs?’ Despite exchange rate instability, Britain has achieved greater overall stability and faster growth in employment than the Euro area.
How is the euro currency regulated?
The European Central Bank (ECB) sets the monetary policy for all EU countries that have introduced the euro currency. The ECB is independent from political influence and is responsible for a network of national central banks, the European System of Central Banks.
The key tasks of euro currency regulated board are:
Define and implement monetary policy, such as setting interest rates;
Maintain price stability;
Support economic policies of member states as long as they do not affect price stability;
Conduct foreign exchange operations and look after the official foreign reserves of the member states;
Promote smooth operation of payment systems that link banks.
National central banks will continue to be in charge of banking supervision.
The Impact of the Euro currency
As well as economic considerations the concept of the euro currency was seen as an avoidance of the turmoils on the world currency markets that had emerged following the collapse of fixed exchange rates, the system known as Bretton Woods. The leaders of Europe didn’t want to be open to the fluctuations in the value of currencies.
However some people fear that the ECB will keep interest rates high making the euro currency too strong which would undermine Eurpoe’s exports.
An aspiration of the leaders of Europe was that the euro currency would become a new reserve currency to rival the US dollar. That would mean that other countries would want to trade in euros rather than dollars. In the foreign exchange markets the dollar is involved in 90% of all trades.
Euro exchange transactions are guaranteed and safe with free delivery if you pay for your Euros by debit card.
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