EUR/GNF
Market Open
12 Jun, 11:19
FG
10,229. 00
+218
+2.1776%
FG
1 Volume
FG 10,011
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EURGNF Overview
EURGNF denotes the exchange rate between the Euro (EUR) as the base currency and the Guinean franc (GNF) as the quote currency, indicating how many francs are required to purchase one euro. It tracks the relative value of the euro versus Guinea’s domestic currency in the foreign exchange market.
The euro is the common currency of the Eurozone, used by 20 European Union member states and several territories. It functions as a major reserve and international settlement currency and is issued and managed by the European Central Bank (ECB), which sets monetary policy for the bloc.
The Guinean franc is the national currency of the Republic of Guinea in West Africa and is issued by the Central Bank of the Republic of Guinea (Banque Centrale de la République de Guinée). GNF circulates domestically for payments, savings and official transactions and reflects Guinea’s local economic and fiscal conditions.
The EURGNF rate is driven by supply and demand in FX markets and is influenced by relative interest rates, inflation differentials, central bank actions, balance of payments, and geopolitical events. Commodity prices and trade flows, notably those affecting Guinea’s export revenues, also affect the franc’s strength versus the euro.
Traders, importers, exporters and investors monitor EURGNF for pricing, hedging and speculative purposes, as movements can impact trade costs, remittance values and investment returns.
The euro is the common currency of the Eurozone, used by 20 European Union member states and several territories. It functions as a major reserve and international settlement currency and is issued and managed by the European Central Bank (ECB), which sets monetary policy for the bloc.
The Guinean franc is the national currency of the Republic of Guinea in West Africa and is issued by the Central Bank of the Republic of Guinea (Banque Centrale de la République de Guinée). GNF circulates domestically for payments, savings and official transactions and reflects Guinea’s local economic and fiscal conditions.
The EURGNF rate is driven by supply and demand in FX markets and is influenced by relative interest rates, inflation differentials, central bank actions, balance of payments, and geopolitical events. Commodity prices and trade flows, notably those affecting Guinea’s export revenues, also affect the franc’s strength versus the euro.
Traders, importers, exporters and investors monitor EURGNF for pricing, hedging and speculative purposes, as movements can impact trade costs, remittance values and investment returns.
EURGNF Chart
EURGNF FAQ
What is the current EUR/GNF price?
The current rate is FG10,229.000000, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the EUR/GNF rate changed today?
The rate has changed by +218 (+2.1776%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was FG10,011.000000, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is EUR/GNF moving up or down?
Movements in EUR/GNF are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+2.1776%) is based on the difference between the current rate and the previous closing rate.
Is EUR/GNF trending up or down right now?
If the current rate (FG10,229.000000) is above the previous close (FG10,011.000000), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for EUR/GNF directly on this page.
