PROJECT REPORT ON

EURO CURRENCY
Master of Commerce
Banking & Finance (Part II)
UNIVERSITY OF MUMBAI
(Semester III)
2014-15

Submitted By

Mr. HITESH PRAMOD MORE

Roll No. 25

S.K SOMAIYA COLLEGE OF ARTS, SCIENCE

& COMMERCE
VIDYANAGAR, VIDYAVIHAR
MUMBAI-400077

PROJECT ON

EURO CURRENCY
MASTER OF COMMERCE
BANKING & FINANCE (PART II)

SUBMITTED
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR THE AWARD OF THE DEGREE OF MASTER OF
COMMERCE

Roll No 25
BANKING & FINANCE (PART II)

Submitted By:

Mr. HITESH PRAMOD MORE

Mumbai University
2014-2015
S.K. SOMAIYA COLLEGE OF ARTS, SCIENCE &
COMMERCE
VIDYANAGAR, VIDYAVIHAR
MUMBAI - 400077

CERTIFICATE
This is to certify that the project EURO CURRENCY by Mr.
HITESH PRAMOD MORE, Roll No.25, completed in partial
fulfillment of M.Com.-Banking & Finance (Part II) Semester III
Examination during the academic year 2014-15 has been found
satisfactory.
This report has not been submitted for any other examination
and does not form part of any other course undergone by the candidate.

Project guide/Internal examiner

(PRAVIN MALU)

________________
Principal
________________
Vice principal

_________________
External Examiner

Date: -

___________________
Course co-ordinator

___________
College seal

DECLARATION
I, Mrs. HITESH PRAMOD MORE, student of M.Com (Banking
& Finance: Part II) Semester III, Roll No.25 , hereby declare that this
Project Report entitled EURO CURRENCY is being submitted as a
partial fulfillment of the course, which is a necessary requirement to
pass the Semester I examination.
I further declare that the report is the output of my personal
research and all the information contained herein is correct to the best of
my knowledge.

Date: 28th September, 2014

Signature of student

Place:Vidyavihar

(HITESH MORE)

ACKNOWLEDGEMENT
I would like to express my sincere gratitude to Principal Dr.
Sangeeta Kohli for her constant encouragement and support during the
completion of the project. I also take this opportunity to thank Prof.
PRAVIN MALU without whose encouragement & help, this project
would not have been possible.
A special mention to all those websites for providing me with the
required information about sugar industry and its impact.
Finally, I would like to thank all those people who have directly
and indirectly helped me during the course of this project.

INDEX
SR NO.

CONTENT

PAGE
NO.

INTRODUCTION AND MEANING

FEATURES OF EURO CURRENCY MARKET

HISTORY OF EURO CURRENCY MARKET

10

FACTORS CONTRIBUTING TO GROWTH OF

14

THE EURO CURRENCY MARKET

6

OPERATIONS AND EFFECTS OF

16

EUROCURRENCY MARKETS
7

PROBLEMS CREATED BY EUROCURRENCY

19

MARKETS
8

EURO CREDITS

21

EURO BONDS

22

10

EURO CURRENCY DEPOSIT

25

11

ARTICLE ON DOLLAR-EURO CURRENCY

27

EXCHANGE
12

CONCLUSION

37

13

BIBLOGRAPHY

38