The implementation of the euro in the Republic of Croatia has been a real challenge for some time. For a country that has been recently emerged from a crisis, the implementation of the euro is seen as a major step for the future. The Republic of Croatia can adopt the euro, but certain criteria are needed. By meeting the criteria, special mechanisms of the European Central Bank are approached. Also, meeting the criteria establishes economic stability in the country, and encourages sustainable economic progress. The managedfluctuation exchange rate, used in the Republic of Croatia, is the exchange rate linked to the nominal anchor, in this case the euro, and the foundations of the monetary policy of the Republic of Croatia for the implementation of the euro as the official currency are already being laid. Exports as such depend largely on exchange rates, both on the exchange rate and on the nominal and real exchange rates. The exchange rate is the one that can affect the price competitiviness of Croatian export comapnies, and set a path for them to enter foreign markets.