After the invention of currency to act as a standard unit of account for the purchases goods and services & the termination of earlier barter system (goods for goods). the power of currency in different regions (countries) of the world came across fluctuations due to several reasons such as wars, political instability & other natural disasters. but however after the dawn of 21th century US dollar was one among very few monitory unit that gains tremendous growth.

In 1992 euro or European currency unit was introduced as a monitory unit in some european countries, today euro is the sole currency in austria, belgium, finland, france, germany, greece, ireland, italy, luxembourg, netherlands, portugal, slovenia and spain these 13 countries together are frequently referred to as the “euro-zone”. some other countries that includes cyprus, estonia, latvia, lithuania, malta and slovakia also carried out agreement for entry in the ERM II after they meet criteria of european central bank later in 2008 & onwards.

The acceptance & growth of euro is known to all economist, yet i am not going for comprehensive analysis of euro against all major currencies of the world but however the US dollar is considerable as it is the one who is defeated by euro tremendously after the dawn of 2007, recently euro break all previous records. the diagram is quite helpful indeed. well talking about the exchange rate of Pakistani rupee is against one dollar is 60 & similarly the state of Pakistani rupee against one euro is 84 today. i wish Google to attempt a decision to manage its AdSense payments in euro now –