The value of the Euro floats against other major international currencies,but has a fixed value when compared to the currencies of the countries in the European Union,such as the French Franc and the German Mark.

Question

Quizplus · Accepted Answer

The Euro replaced national currencies such as the French Franc and the German Mark, so it does not have a fixed value against them. Instead, the exchange rate between the Euro and these currencies fluctuates on the foreign exchange market.

The Value of the Euro Floats Against Other Major International