Birth of Euro

Although Europeans were already very comfortable with the concept of Forex Trading, much of the rest of the world were still unfamiliar with the territory. The establishment of the European Union in 1992 gave birth to the euro seven years later, in 1999.

The euro was the first single currency used as legal currency for the member states in the European Union. It became the first currency able to rival the historical leaders in the Foreign Exchange market and create the stability that Europe and the Forex market had long desired.