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The currencies closely linked to the Euro

Posted: Sat Jul 26, 2014 11:50 am
by ART
In addition to non-EU countries that use the Euro and emit it by means of bilateral agreement (San Marino, Vatican City, Monaco and Andorra), those who unilaterally adopt the euro as its national currency (Kosovo and Montenegro) and the dependent territories that adopt the Euro (Akrotiri and Dhekelia, British dependencies in Cyprus), there are other countries whose currencies are pegged to the euro by a fixed exchange rate or by a band of fluctuation permitted in observance of a defined central parity.

Here they are listed with its fixed exchange rate or fluctuation band (amount of local currency per 1 €) and precise origin of the peg.

EU states:

Denmark - 7.46038 with official fluctuation band of 2.25% to 0.50% limited de facto - Engagement since 1999.

Bulgaria - 1.95583 - Pegged to German mark in 1997, then to Euro since 1999.



EU states dependencies:

New Caledonia, French Polynesia, Wallis and Futuna (French overseas territories that use CFP Franc) - 119.3317 - Pegged to French franc since 1949, then to Euro since 1999.


Other countries:

Bosnia and Herzegovina - 1.95583 - Pegged to German mark in 1995, then to Euro since 1999.

Morocco - about 10.0 - Pegged since 1999.

Cape Verde - 110.265 - Pegged to Portuguese escudo in 1998, then to Euro since 1999.

São Tomé and Príncipe - 24,500 - Pegged since 2010.

Comoros - 491.9678 - Pegged to French franc since 1979, then to Euro since 1999.

Benin, Burkina Faso, Giunea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo (countries of the West CFA franc) and Cameroon, Centrarfican Republic, Chad, Congo Brazzaville, Equatorial Guinea, Gabon (countries of the Equatorial CFA franc) - 655.957 - Pegged to the French franc since 1948, then to Euro since 1999.

Re: The currencies closely linked to the Euro

Posted: Sun Aug 03, 2014 7:33 pm
by androl
ART wrote:São Tomé and Príncipe - 24.5 - Pegged since 2010.

that's 24,500 :)

Re: The currencies closely linked to the Euro

Posted: Tue Aug 05, 2014 8:33 pm
by ART
A little mistake... :oops:

Re: The currencies closely linked to the Euro

Posted: Fri Jun 19, 2015 4:51 pm
by androl
ART wrote:Morocco - about 10.0 - Pegged since 1999.

is that correct?
EUR/MAD for 10 years
EUR/USD for 10 years
I have a different theory: 1 dirham equals 7.5 eurocents plus 2 US cents

But you can add Macedonia: 1 EUR has been about 61.0 MKD since 2006
http://www.xe.com/de/currencycharts/?fr ... D&view=10Y

And Albania: 1 EUR has been roughly 140 ALL since 2010.