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Ireland uses Irish Standard Time (IST, UTC+01:00; Irish: Am Caighdeánach Éireannach) in the summer months and Greenwich Mean Time (UTC+00:00; Irish: Meán-Am Greenwich) in the winter period. [1] Roughly two-thirds of the Republic is located west of the 7.5°W meridian. Thus the local mean time in most of Ireland is closer to UTC-01:00 time ...
For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...
After the Second World War, the Bretton Woods system of fixed exchange rates to the US dollar (convertible to gold) gave the sterling area a second lease of life as Commonwealth of Nations kinship and trading loyalties were maintained after Britain's withdrawal from Empire by keeping a sterling peg and staying in the sterling area, rather than ...
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
Before the collapse of Bretton Woods system, the currency was pegged at a fixed exchange rate to the United States dollar for international trade, with the dollar convertible to gold for foreign governments only. The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result ...
Of the 15 national currencies originally tied to the euro (including the currencies of Vatican City, Monaco and San Marino), the Irish pound was the only one whose conversion factor was less than 1, i.e. the unit of the national currency was worth more than one euro – almost EUR 1.27 in this case. Euro Changeover Board of Ireland calculator
This caused sterling to appreciate against other major currencies and, with the US dollar depreciating at the same time, sterling hit a 15-year high against the US dollar on 18 April 2007, with £1 reaching US$2 the day before, for the first time since 1992. Sterling and many other currencies continued to appreciate against the dollar; sterling ...