With all the German students coming to our school in March, they will need to change the currency they have in order to buy things, especially for the New York trip. Germany’s currency is the Euro. Other countries like France, Italy, and Spain also use the Euro as a currency. The Euro is worth more than the American dollar to convert a Euro to a dollar, would get $1.09 instead. Germany is a founding member of the European Union and was one of the first countries to have the Euro as currency on January 1, 1999. According to Investopedia the German word for money is geld and before the Euro Germany used to use the Deutsche mark so if anyone has any of them, they can go to a federal bank to exchange it. One Deutsche mark is worth .51 Euro. Using the Euro has helped Germany reduce the cost of international trade and provide protection against violations in exchange rates. Deutsche Welle, Germany’s international broadcaster, stated that when switching to the Euro Germany gained €1.9 trillion ($2.1 trillion), which was the most throughout all the countries that use the Euro as currency.
