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Euro Conversion Rates

On Jan. 1, 1999, eleven European countries began using the euro electronically, as a denomination for debt issues and bank accounts. The actual notes and coins entered circulation on Jan. 1, 2002. The conversion rates for the participating currencies were fixed as follows.

13.76 Austrian schillings
40.34 Belgian francs
2.20 Dutch guilders
5.95 Finnish markkas
6.56 French francs
1.96 German marks
340.75 Greek Drachma
0.79 Irish punts
1,936.27 Italian lire
40.34 Luxembourg francs
200.48 Portuguese escudos
166.39 Spanish pesetas

Information Please® Database, © 2007 Pearson Education, Inc. All rights reserved.

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