Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.

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• It is the second-most traded currency on the forex market, after the US Dollar, and also a major global reserve currency.
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• Her research focuses on exploring and investigating new design interventions to stimulate sustainable behaviours.
• Currently, 17 EU member states have adopted the Euro.

They add hidden markups to their exchange rates – charging you more without your knowledge. principal software engineer job description It would be worthwhile to also implement such solutions for various consumer electronics, such as televisions, coffee machines and washing machines. This premature replacement means that  the actual lifetime of many consumer electronics is often much shorter than the potential lifetime. Extending products’ first life through interventions other than repair can change the way consumers assess the value of products, keep them in use for longer and greatly reduce their environmental impact.

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Products will also slowly lose value as a result of consumers’ mental accounting process, which consumers unconsciously apply to their products during ownership 2. Over time, consumers mentally depreciate the initial value of a product, so to speak, creating a “mental book value” for this product. When consumers consider replacing their consumer electronics, a trade-off is made between the current values that are offered by the owned product and the expected values and costs of a new product 2. The exchange rate for Euro to US dollars is currently 1.048 today, reflecting a 0.633% change since yesterday. Over the past week, the value of Euro has remained relatively stable, with a -0.470% decrease compared to its value 7 days ago. Waste batteries and small tech devices have the lowest recycling rates.

REPper takes first steps with a celebration of repair opportunities

A lifetime label would give consumers insights into the relative lifetime of a product compared to alternatives at purchase 4. Over time, unfortunately, the total lifetimes that consumers expect from their electronics has decreased 1. Consequently, products are replaced prematurely, because it is often thought that the expected service life is limited and that the product will therefore malfunction in the near future. Compare our rate and fee with our competitors and see the difference for yourself. In the European project PROMPT  a testing programme to assess the lifetimes of four consumer electronics (washing machines, TVs, vacuum cleaners and smartphones) was developed.

She has a specific focus on consumer behaviours in a Circular Economy, such as encouraging consumers to repair, to adopting refurbished products and to extending the lifetimes of their consumer electronics. She has received various national and European grants to execute her research and published her outcomes in many scientific journals. First, consumers can be encouraged to actively search for long-lasting products at purchase. Unfortunately, today only limited opportunities exist to do so. Whereas the electricity consumption of consumer electronics is clearly communicated in stores, information about lifetimes is absent. This however does not suggest that it would not be possible to offer this to consumers.

Extending the lifetimes of consumer electronics can play an important role in reducing the environmental impact of today’s consumption. For this reason, policy attention is currently given to repair practices (e.g., Right to Repair) to support consumers in repairing malfunctioning products. In summary, to lower the environmental impact of consuming electronics, it is critical to move beyond a focus on repair practices and strive for increasing their lifetime expectancy. This will encourage consumers to make longer use of their products and thereby prevent premature replacement.

New research from Euroconsumers’ Altroconsumo finds out how to empower consumers, improve the WEEE market … Similarly, consumers could also be encouraged to perform more regular maintenance activities, via which the products can provide indications of continued good functioning. Cars can also be an inspiration for consumers’ lack of confidence in the continued high performance of ‘older’ consumer electronics. By way of comparison, several options exist for cars to give a more detailed interpretation of the expected lifetime than just the car’s age. Cars have an odometer that consumers can use as an indication of the number of kilometres they could logically still drive. Even if a car is 15 years old, if it has only driven 100,000 kilometres, everyone would agree that it is likely to last for many more kilometres to come.

This programme is used by consumer organisations but could also be implemented on a larger scale via policy. Just to illustrate, if the touchscreen of a 1-year-old smartphone would show a crack that does not affect its functioning, the remaining mental book value will hinder consumers from replacing the smartphone. After all, the lifetime expectancy would give consumers the impression that it is a shame to replace smartphones after only 1 year as they have not yet made their money worth. However, we must not forget that consumers also dispose of many consumer electronics quickly and prematurely, while they are still functioning well. For example, 58% of replaced TVs and even 16% of replaced washing machines were working perfectly fine at the moment these were replaced 1. When a consumer electronic reaches the lifetime that consumers expect from this product, their trust in continued proper functioning decreases.

What is the average Euro to US dollars exchange rate for the last 6 months?

However for cars, this trust is reinforced by the annual service, which increases consumers’ confidence in their car’s functioning for the upcoming year. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. Following this principle, consumers may decide to replace how to buy eclipse token on trust wallet a perfectly functioning washing machine after 12 years of ownership, because they perceive it is time for a new one. This is reinforced by their expectations that a 12-year-old washing machine is likely to break down relatively soon as it has already passed its ‘normal’ lifetime. During a replacement decision, consumers make the trade-off whether these extra values are worth the financial investment of the new product.

This trade-off of values is not static and even well-functioning products experience a decline in perceived value over time for various reasons. Our currency rankings show that the most popular Euro exchange rate is the EUR to USD rate. The currency code for Euros is EUR, and the currency symbol is €. Below, you’ll find Euro rates and a currency converter. Wise is a Money Service Business registered with FinCen.

This represents how much remaining value the product still has left. This mental book value is the result of the expectations that people have concerning the ‘normal’ lifetimes of different products and when they can conclude that the product has yielded its value. Euroconsumers Spanish, Italian and Portuguese members celebrate with a festival of repair and share knowledge on a new website. Value of Obsolete learn about the javascript string methods and how to use them National CurrenciesEuro bank notes and coins began circulating in 2002 with old notes and coins gradually being withdrawn from circulation.