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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
EUR euro cent: kroon [36] [37] Finland: euro [38] € EUR euro cent: markka [39] France: euro [40] € EUR euro cent: franc [41] Georgia: lari [42] ₾ GEL tetri: kuponi [43] Germany: euro [44] € EUR euro cent: mark Greece: euro [45] € EUR euro cent: drachma [46] Hungary: forint [47] Ft. HUF fillér: pengő [48] Iceland: króna [49] Kr. ISK ...
An airline ticket showing the price with ISO 4217 code "EUR" (bottom left) and not with euro currency sign " € "ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units.
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
The German mark was replaced by the euro, first as an accounting currency on 1 January 1999, at a conversion rate of 1.95583 marks per euro. Thereafter, the mark-denominated notes and coins represented the euro at that conversion rate, and remained legal tender until 1 January 2002, when they were replaced by euro notes and coins.
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Euro (EUR) 15.6466 EEK = 1 EUR Georgia: Georgian kuponi (GEK) 1 SUR = 1 GEK 8 April 1993 20 August 1993 20 October 1995: Georgian lari (GEL) 1,000,000 GEK = 1 GEL Kazakhstan: Kazakh tenge (KZT) 500 SUR = 1 KZT 15 November 1993 November 1993 - Kyrgyzstan: Kyrgyz som (KGS) 200 SUR = 1 KGS 10 May 1993 15 May 1993 - Latvia: Latvian ruble (LVR) 1 ...
The factor–label method can convert only unit quantities for which the units are in a linear relationship intersecting at 0 (ratio scale in Stevens's typology). Most conversions fit this paradigm. An example for which it cannot be used is the conversion between the Celsius scale and the Kelvin scale (or the Fahrenheit scale). Between degrees ...