Convert Kyrgyzstani Som to Euro
Convert Kyrgyzstani Som (KGS) to Euro (EUR) using daily updated exchange rates.
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Exchange Rate
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About Kyrgyzstani Som
The Kyrgyzstani Som (KGS) has been the official currency of Kyrgyzstan since 1993, replacing the Soviet ruble following independence. The word "som" means "pure" in Kyrgyz and several other Turkic languages, historically referring to pure silver or gold. The National Bank of the Kyrgyz Republic manages monetary policy with a managed float regime. Kyrgyzstan is a Central Asian country with a landlocked mountain economy dependent on gold mining (the Kumtor mine is one of Central Asia's largest), remittances from workers in Russia and Kazakhstan, agriculture, and some manufacturing.
About Euro
The Euro (EUR) is the official currency of the Eurozone, comprising 20 of the 27 European Union member states - the single largest currency union in the world by GDP. Introduced in non-physical form on 1 January 1999 and as banknotes and coins on 1 January 2002, the Euro replaced participating national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta. The European Central Bank (ECB) in Frankfurt manages monetary policy. The Euro is the second largest reserve currency and the second most traded currency in global foreign exchange markets after the US Dollar.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).