Irrevocable Euro Conversion Rates
On January 1st 1999, 11 European countries (Austria, Belgium, Germany, France, Italy, Spain, Ireland, Luxembourg, Netherlands, Portugal and Finland) introduced the euro as the single currency. The conversion rates between the euro and the currencies of the participating member states were irrevocably fixed on December 31st 1998.
Greece became the twelfth member of the EMU on January 1st 2001. Slovenia became the thirteenth member on January 1st 2007 and on January 1st 2008 Cyprus and Malta became the fourteenth and fifteenth member, respectively. From January 1st 2009, Slovakia is the sixteenth member of the EMU.
The table below shows the irrevocable exchange rates of currencies of the respective countries described above against the euro.
|
NATIONAL CURRENCY
|
CURRENCY UNIT FOR 1 EUR |
|
ATS Austrian Schilling
|
13.7603 |
|
BEF Belgian Franc
|
40.3399 |
|
CYP Cyprus Pound
|
0.585247 |
|
DEM Deutsche Mark
|
1.95583 |
|
ESP Spanish Peseta
|
166.386 |
|
FIM Finnish Markka
|
5.94573 |
|
FRF French Franc
|
6.55957 |
|
GRD Greek Drachma
|
340.750 |
|
IEP Irish Pound
|
0.787564 |
|
ITL Italian Lira
|
1936.27 |
|
LUF Luxembourg Franc
|
40.3399 |
|
MTL Maltese Lira
|
0.4293 |
|
NLG Dutch Guilder
|
2.20371 |
|
PTE Portuguese Escudo
|
200.482 |
|
SIT Slovenian Tolar
|
239.640 |
| SKK Slovak Koruna |
30.1260
|