<P> A currency is a medium of exchange, such as money, banknotes, and coins . In Europe, the most commonly used currency is the euro; any country entering the European Union (EU) is expected to join the eurozone when they meet the five convergence criteria . Denmark is the only EU member which has been granted an exemption from using the euro, Sweden has also not adopted the Euro, although unlike Denmark, it has not formally opted out, instead, fails to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro . For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria . </P> <P> The pound sterling, used by the United Kingdom, is rated at fourth on Investopedia's list of the top 8 most tradable currencies, saying that it is a "little bit more volatile than the euro". It was ranked just ahead of the Swiss franc, ranked fifth, which is used in Switzerland and Liechtenstein, saying that the set up of the Swiss banking "emphasizes the economic and financial stability policies dictated by the governing board of the SNB". Both are in the top 8 major currencies on Bloomberg . Various countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona . </P> <P> At present, the euro is legal tender in 19 out of 28 European Union member states, in addition to 5 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra and Montenegro). The Republic of Kosovo also uses the euro, but is only partially recognised as an independent state . </P> <Table> List of all European currencies <Tr> <Th> Country </Th> <Th> Present currency </Th> <Th> Currency sign </Th> <Th> ISO 4217 code </Th> <Th> Fractional unit </Th> <Th> Previous currency </Th> </Tr> <Tr> <Td> Albania </Td> <Td> Albanian lek </Td> <Td> </Td> <Td> ALL </Td> <Td> Qindarkë </Td> <Td> N / A </Td> </Tr> <Tr> <Td> Andorra </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> None official </Td> </Tr> <Tr> <Td> Austria </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Schilling </Td> </Tr> <Tr> <Td> Azerbaijan </Td> <Td> Azerbaijani manat </Td> <Td> ₼ </Td> <Td> AZN </Td> <Td> Qapik </Td> <Td> Russian ruble </Td> </Tr> <Tr> <Td> Belarus </Td> <Td> Belarusian ruble </Td> <Td> Br </Td> <Td> BYN </Td> <Td> Kopeck </Td> <Td> Second Ruble </Td> </Tr> <Tr> <Td> Belgium </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Belgian franc </Td> </Tr> <Tr> <Td> Bosnia and Herzegovina </Td> <Td> Bosnia and Herzegovina convertible mark </Td> <Td> KM </Td> <Td> BAM </Td> <Td> Fening </Td> <Td> Bosnia and Herzegovina dinar </Td> </Tr> <Tr> <Td> Bulgaria </Td> <Td> Bulgarian lev </Td> <Td> лв </Td> <Td> BGN </Td> <Td> Stotinka </Td> <Td> N / A </Td> </Tr> <Tr> <Td> Croatia </Td> <Td> Croatian kuna </Td> <Td> kn </Td> <Td> HRK </Td> <Td> Lipa </Td> <Td> Croatian dinar </Td> </Tr> <Tr> <Td> Cyprus </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Cypriot pound </Td> </Tr> <Tr> <Td> Czech Republic </Td> <Td> Czech koruna </Td> <Td> Kč </Td> <Td> CZK </Td> <Td> Haléř </Td> <Td> Czechoslovak koruna </Td> </Tr> <Tr> <Td> Denmark </Td> <Td> Danish krone </Td> <Td> kr . </Td> <Td> DKK </Td> <Td> Øre </Td> <Td> Danish rigsdaler </Td> </Tr> <Tr> <Td> Estonia </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Estonian kroon </Td> </Tr> <Tr> <Td> Finland </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Finnish markka </Td> </Tr> <Tr> <Td> France </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> French franc </Td> </Tr> <Tr> <Td> Georgia </Td> <Td> Georgian lari </Td> <Td> ₾ </Td> <Td> GEL </Td> <Td> Tetri </Td> <Td> Kupon lari </Td> </Tr> <Tr> <Td> Germany </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Deutsche Mark </Td> </Tr> <Tr> <Td> Greece </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Greek drachma </Td> </Tr> <Tr> <Td> Hungary </Td> <Td> Hungarian forint </Td> <Td> Ft </Td> <Td> HUF </Td> <Td> Fillér </Td> <Td> Hungarian pengő </Td> </Tr> <Tr> <Td> Iceland </Td> <Td> Icelandic króna: second króna </Td> <Td> kr, Íkr </Td> <Td> ISK </Td> <Td> Aurar </Td> <Td> Icelandic króna: first króna </Td> </Tr> <Tr> <Td> Ireland </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Punt </Td> </Tr> <Tr> <Td> Italy </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Italian lira </Td> </Tr> <Tr> <Td> Latvia </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Latvian lats </Td> </Tr> <Tr> <Td> Liechtenstein </Td> <Td> Swiss franc </Td> <Td> CHF </Td> <Td> CHF </Td> <Td> Rappen, also called Centime, Centesimo, and Rap </Td> <Td> Liechtenstein krone </Td> </Tr> <Tr> <Td> Lithuania </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Lithuanian litas </Td> </Tr> <Tr> <Td> Luxembourg </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Luxembourgish franc </Td> </Tr> <Tr> <Td> Republic of Macedonia </Td> <Td> Second Macedonian denar </Td> <Td> ден </Td> <Td> MKD </Td> <Td> Deni </Td> <Td> First Macedonian denar </Td> </Tr> <Tr> <Td> Malta </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Maltese lira </Td> </Tr> <Tr> <Td> Moldova </Td> <Td> Moldovan leu </Td> <Td> </Td> <Td> MDL </Td> <Td> Ban </Td> <Td> Moldovan cupon </Td> </Tr> <Tr> <Td> Monaco </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Monegasque franc </Td> </Tr> <Tr> <Td> Montenegro </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Deutsche Mark </Td> </Tr> <Tr> <Td> Netherlands </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Dutch guilder </Td> </Tr> <Tr> <Td> Norway </Td> <Td> Norwegian krone </Td> <Td> kr,--</Td> <Td> NOK </Td> <Td> Øre </Td> <Td> Norwegian speciedaler </Td> </Tr> <Tr> <Td> Poland </Td> <Td> Polish złoty </Td> <Td> zł </Td> <Td> PLN </Td> <Td> Grosz </Td> <Td> Polish marka </Td> </Tr> <Tr> <Td> Portugal </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Portuguese escudo </Td> </Tr> <Tr> <Td> Romania </Td> <Td> Romanian leu </Td> <Td> lei </Td> <Td> RON </Td> <Td> ban </Td> <Td> Romanian leu </Td> </Tr> <Tr> <Td> Russia </Td> <Td> Russian ruble </Td> <Td> ₽ </Td> <Td> RUB </Td> <Td> Kopeyka </Td> <Td> Fifth Ruble </Td> </Tr> <Tr> <Td> San Marino </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Sammarinese lira </Td> </Tr> <Tr> <Td> Serbia </Td> <Td> Serbian dinar </Td> <Td> RSD or РСД (unofficial: din. or дин .) </Td> <Td> RSD </Td> <Td> Para </Td> <Td> Yugoslav dinar </Td> </Tr> <Tr> <Td> Slovakia </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Slovak koruna </Td> </Tr> <Tr> <Td> Slovenia </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Slovenian tolar </Td> </Tr> <Tr> <Td> Spain </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Spanish peseta </Td> </Tr> <Tr> <Td> Sweden </Td> <Td> Swedish krona </Td> <Td> kr </Td> <Td> SEK </Td> <Td> Öre </Td> <Td> Swedish riksdaler </Td> </Tr> <Tr> <Td> Switzerland </Td> <Td> Swiss franc </Td> <Td> CHF </Td> <Td> CHF </Td> <Td> Rappen, also called Centime, Centesimo, and Rap </Td> <Td> None </Td> </Tr> <Tr> <Td> Turkey </Td> <Td> Turkish lira </Td> <Td> ₺ </Td> <Td> TRY </Td> <Td> Kuruş </Td> <Td> First Turkish Lira </Td> </Tr> <Tr> <Td> Ukraine </Td> <Td> Ukrainian hryvnia </Td> <Td> ₴ </Td> <Td> UAH </Td> <Td> Kopiyka (копійка) </Td> <Td> Ukrainian karbovanets </Td> </Tr> <Tr> <Td> United Kingdom </Td> <Td> Pound sterling </Td> <Td> £ </Td> <Td> GBP </Td> <Td> Penny (pl . Pence) </Td> <Td> Pound sterling </Td> </Tr> <Tr> <Td> Vatican City </Td> <Td> Euro </Td> <Td> € </Td> <Td> EUR </Td> <Td> Cent </Td> <Td> Vatican lira </Td> </Tr> </Table>

The currency of all eu countries is the euro