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For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...
Euro. The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents. [6][7]
The pound (sign: £) is the main unit of sterling, [4] and the word pound is also used to refer to the British currency generally, [5] often qualified in international contexts as the British pound or the pound sterling. [4] Sterling is the world's oldest currency in continuous use since its inception. [6]
The Romanian leu (Romanian pronunciation: [leu], plural lei [lej]; ISO code: RON; numeric code: 946) is the currency of Romania. It is subdivided into 100 bani (Romanian pronunciation: [banʲ], singular: ban [ban]), a word that also means "money" in the Romanian language.
Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies. As the exchange rate of a country's currency falls, exports become more competitive in other ...
Conversion of units is the conversion of the unit of measurement in which a quantity is expressed, typically through a multiplicative conversion factor that changes the unit without changing the quantity. This is also often loosely taken to include replacement of a quantity with a corresponding quantity that describes the same physical property ...
The conversion between different SI units for one and the same physical quantity is always through a power of ten. This is why the SI (and metric systems more generally) are called decimal systems of measurement units. [10] The grouping formed by a prefix symbol attached to a unit symbol (e.g. ' km ', ' cm ') constitutes a new inseparable unit ...
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