Euro Conversion Rates

Description

Conversion rates between the various Euro currencies.

Usage

data(euro)

Format

euro is a named vector of length 11, euro.cross a named matrix of size 11 by 11.

Details

The data set euro contains the value of 1 Euro in all currencies participating in the European monetary union (Austrian Schilling ATS, Belgian Franc BEF, German Mark DEM, Spanish Peseta ESP, Finnish Markka FIM, French Franc FRF, Irish Punt IEP, Italian Lira ITL, Luxembourg Franc LUF, Dutch Guilder NLG and Portugese Escudo PTE). These conversion rates were fixed by the European Union on December 31, 1998. To convert old prices to Euro prices, divide by the respective rate and round to 2 digits.

The data set euro.cross contains conversion rates between the various Euro currencies, i.e., the result of outer(1 / euro, euro).

Examples

data(euro)
cbind(euro)
all(euro == signif(euro,6))# TRUE: [6 digit precision in Euro's definition]

all(euro.cross == outer(1/euro, euro)) # TRUE

## Convert 20 Euro to Belgian Franc
20 * euro["BEF"]
## Convert 20 Austrian Schilling to Euro
20 / euro["ATS"]
## Convert 20 Spanish Pesetas to Italian Lira
20 * euro.cross["ESP", "ITL"]

dotplot(euro, main = "euro data: 1 Euro in currency unit")
dotplot(1/euro, main = "euro data: 1 currency unit in Euros")
dotplot(log(euro, 10), main = "euro data: log10(1 Euro in currency unit)")