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In one sentence, give the name of The Netherlands currency. In four to five sentences, explain...

In one sentence, give the name of The Netherlands currency. In four to five sentences, explain whether The Netherlands has a hard currency or a soft currency.

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Answer #1

The official currency of Netherlands is Euro as it is a memeber of European Union. Euro is indeed a hard currency and this is due to number of reasons where one such is reason is its stability over a period of time. Another reason for Euro being a hard currency is its acceptable nature in many of the financial transactions. Euro is not seen to suffer from sharp exchange rate fluctuations for a long time. All these collectively get to make Euro a hard currency.

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