History of Bouncing Euro

Brief History and Implementation Schedule On January 1, 1999, eleven European countries replaced their national currencies and introduced a single European currency, the Euro. Some feel the euro is simply the ECU (European Currency Unit) renamed since the ECU's were exchanged one-for-one for new euros. Bills and coins for the national currencies will remain in circulation as sub-denominations of the euro until January 1, 2002, ("E-day") when they will be exchanged against new euro coins and bills. Within six …

…arrival as an equal to the superpower across the pond. Fixed Conversion Rate of the 11 Euro Members Country Conversion Rate Belgium 1 euro = 40.3399 Belgian francs (BEF) Germany 1 euro = 1.95583 German marks (DEM) Spain 1 euro = 166.386 Spanish pesetas (ESP) France 1 euro = 6.55957 French francs (FRF) Ireland 1 euro = .787564 Irish pounds (IEP) Italy 1 euro = 1936.27 Italian lire (ITL) Luxembourg 1 euro = 40.3399 Luxembourg francs (LUV) Netherlands 1 euro = 2.20371 Dutch guilders (NLG) Austria 1 euro = 13.7603 Austrian shillings (ATS) Portugal 1 euro = 200.482 Portuguese escudos (PTE) Finland 1 euro = 5.94573 Finnish marks (FIM)