16 usd to euro you have converted here 16 us dollars in euros at current exchange rates. live rates for us dollars into euros.
How much currency of united states of america can we buy from the currency of Europe, it is called the currency exchange rate between united states of america and Europe.
To understand this, we can say that how many European euros we have to pay to buy one united states dollar, this is called the exchange rates between those two countries.
16 usd to euro
This is also called 16 usd to euro foreign currency exchange rates. Its short form is what we call forex rates.
Currency is also bought in the international market if we believe that to buy 1 us dollar, we have to give the current price of the exchange rate of the euro currency.
If we purchase any goods from united states, then they will not take European euros because payment is taken from them in united states dollars only.
We will make the payment in european euros but the bank automatically pays it in United states dollars. Banks only complete this task.
No currency is week or strong unless it is compared to the country of another country. But until the currency of two countries are not compared, the currency exchange rates cannot come out.
In the currency market, the currency is sold and purchased at the same exchange rate. These exchange rates of 16 usd to euro keep going up and down on a daily basis.