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Relocating to France: Currency Differences Between United States and France

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The United States and Europe use different types of currency, and it helps to understand the history of France's currency when relocating to France . The differences between the Dollar and the Euro (which is used now) are vast and have cultural importance.

American Currency

The currency of the United Statescurrency of the United States works on a fairly simplistic basis. The basis of this currency is the Dollar ($), and everything is measured in dollars and cents.

The dollar is offered in many different forms of paper money in the following amounts:

  • One Dollar
  • Two Dollars
  • Five Dollars
  • Ten Dollars
  • Twenty Dollars
  • Fifty Dollars
  • One Hundred Dollars

In the past, paper money had higher forms as well but have since ceased printing (in 1946) and been withdrawn from currency (in 1969):

  • Five Hundred Dollars
  • One Thousand Dollars
  • Five Thousand Dollars
  • Ten Thousand Dollars
  • One Hundred Thousand Dollars

As well as paper money, the Dollar has coins. Each dollar is made of 100 cents (¢), and the following coins are in circulation:

  • Penny (One Cent)
  • Nickel (Five Cents)
  • Dime (Ten Cents)
  • Quarter (Twenty-Five Cents)
  • Half-Dollar (Fifty Cents)
  • Dollar (One-Hundred Cents)

The dollar and the half-dollar coins are rarely used.

French Currency

The EuroThe Euro is the official currency used by the European UnionEuropean Union (EU), which includes France. It was instituted by the EU for several reasons, two of the more important ones being to keep inflation rates and currency exchange somewhat even among European countries and to have European currency be able to compete with larger country's currently (most notably the dollar). It has been very successful, and it is now the second-most traded currency in the world, the Dollar remaining the highest.

The Euro comes in many different forms, and the basis of this currency is the Euro (€).

The Euro comes in many banknotes (though a one Euro banknote does not exist; instead, it is a coin). The amounts are as follows:

  • Five Euro
  • Ten Euro
  • Twenty Euro
  • Fifty Euro
  • One Hundred Euro
  • Two Hundred Euro
  • Five Hundred Euro

Unlike America, Euro coins are much more popular (and fractional Euro coins less so). Similar to the Dollar, one hundred cents equals one Euro. The following are the coin amounts:

  • One Cent
  • Two Cents
  • Five Cents
  • Ten Cents
  • Twenty Cents
  • Fifty Cents
  • One Euro
  • Two Euros

Conversion Rate

As of December 23, 2009 , the conversation rate between the Dollar and the European Euro is about 1.42 Dollar to One Euro, which is vastly important to know when relocating to France .

Before 1999, the official currency of France was the franc.

 

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