Use this calculator to find out how many US dollars one Euro is worth.
How did 11 countries become 23?After World War II, the countries of Europe looked for ways to prevent another European war. The original 11 countries decided that a single currency would help unite them. In time, more countries joined.
Using a single currency among the participating countries has another advantage. Travelers do not need to change currencies at their borders.
That means you can use the same euros in France and Italy.
You save money, too. You often must pay a fee to change one currency for another.
How do dollars and euros compare?
When you travel, keep several payment options close at hand.
Suppose more people want dollars rather than euros. Then the value of the dollar rises while the value of the euro falls.
Why would people in another country want dollars? So they could buy things from the United States.
The more dollars other countries want, the more a dollar is worth.
It works the same way with the euro. That's because an increase in demand decreases the supply, and the smaller the supply, the greater the value.
The future of the euro
Because the value of the euro changes constantly, the future is anyone's guess. As for the currencies it replaced, they are worthless.
A Spanish peseta won't buy you much, but might make a fun addition to a currency collection.