The euro is the official currency of the European Union. At the beginning of 2010 it took $1.43 to buy one Euro. Currently it takes $1.27 to buy one Euro. That is a decrease of about 12%. Visual Economics has a nice infographic covering the current state of the Euro. If you notice the graphic shows a decrease of 7%. That is because they are using data through May 1st, which was before most of the problems in Greece really came to the forefront.
Since its inception, the Euro has tried to economically link Europe through a common form of currency. Currently, however, many analysts are worried that the state of some countries’ economies might put the Euro (and its countries) into more economic peril.
via : Visual Economics
Good point about the graph. That’s why it’s important to read charts with a careful eye. I have a feeling the Euro is in for a lot more turmoil.