120 USD to EUR: Exchange Rate and Conversion
Are you looking to convert 120 USD to EUR? If so, you've come to the right place! In this article, we'll provide you with the current exchange rate, conversion, and some additional information about the USD and EUR currencies.
Current Exchange Rate:
As of the current date, the exchange rate for 120 USD to EUR is:
1 USD = 0.88 EUR
This means that:
120 USD = 105.60 EUR
What is the USD (United States Dollar)?
The United States Dollar, commonly abbreviated as USD, is the official currency of the United States. It is one of the most widely traded and widely held currencies in the world. The USD is divided into 100 smaller units called cents.
What is the EUR (Euro)?
The Euro, commonly abbreviated as EUR, is the official currency of the European Union (EU). It was introduced in 1999 and is currently used by 19 of the 27 EU member states, including Germany, France, and Italy. The EUR is also divided into 100 smaller units called cents.
Why Convert USD to EUR?
Converting USD to EUR is a common practice for individuals and businesses alike. Some common reasons for conversion include:
- Travel: If you're planning a trip to Europe, you may need to convert your USD to EUR to pay for expenses such as accommodation, food, and transportation.
- International Trade: Businesses that import or export goods between the US and EU may need to convert USD to EUR to facilitate transactions.
- Investment: Investors may want to convert USD to EUR to take advantage of investment opportunities in the EU.
Conclusion
In conclusion, converting 120 USD to EUR is a straightforward process. With the current exchange rate, you can expect to receive approximately 105.60 EUR. Whether you're traveling, conducting international trade, or investing, understanding the exchange rate and conversion process is essential.
