The Euro is the second-most traded currency in the Forex market, integral to international trade and finance. It serves as a major reserve currency, influencing global economic dynamics significantly. Introduced in 1999 and physically circulated from 2002, the Euro simplifies transactions within the EU by eliminating currency conversion costs, making it easier for European companies to trade and compete globally. It is also seen as a symbol of European unity, playing a key role in promoting economic integration among EU countries​.