How does euro have such strong value vs other currencies, while having an inside market that sucks in comparison to like asia or the us?

Question

I literally need to import everything

I dont understand how does euro have such value, when every product is some chinese oem/odm or anyway asian

In: 0

Answer 1

It is backed by the largest trading bloc in the world, made up of a collection of stable democratic countries, those don’t tend to do anything that will drastically devalue their currency unlike for instance china which has been accused of purposefully doing so. Add to that that you need Euros to interect with a market with a gdp of 17.18 trillion usd