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About this currency pair
Yemeni Rial (YER) — the currency of Yemen
The Yemeni rial is the national currency used after Yemen’s modern monetary consolidation and is often seen in remittance and aid-related conversions. The Yemeni Rial is used in Yemen and often appears in travel spending, public fees, salaries, remittances, trade and regional business invoices. Conversions are commonly used for remittances, import pricing, travel, development projects, commodity trade and comparisons with USD, EUR or regional currencies. Riyal and rial currencies are common around the Arabian Peninsula and nearby economies, so the ISO code helps avoid confusion.
Euro (EUR) — the shared currency of the eurozone
The euro is the shared currency of the eurozone, used across many European economies rather than a single country. It was introduced for accounting and electronic payments in 1999 and euro cash followed in 2002, making it a common reference for travel, online shopping, invoices, salaries, savings and cross-border business inside Europe. It is also one of the main currencies followed in global foreign-exchange markets.