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€12.70 (US$14.2) per hour, with sub-minimal rates for those aged 19 €11.43 (90% minimum), aged 18 €10.16 (80% minimum) and for those under the age of 18 €8.89 (70% of minimum) [111] Eurostat calculates the monthly rate for Ireland as (hourly rate x 39 hours x 52 weeks) / 12 months.
It was last increased to 12 euros per hour pre-tax in October 2022. [2] Due to inflation, in December 2022 this wage was worth as much as 9.80 euros were worth in January 2015. [3] [4] [5] A €12 wage implies a gross nominal monthly salary of €2,080 for a full-time employee, meaning someone working forty hours per week. [6]
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat . [ 1 ]
The minimum wage in Poland is the lowest monthly or hourly remuneration that employers are legally allowed to pay their workers in Poland.The sum is decided by the Polish government.
Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European Single Currency (which became known as the euro) to replace national ...
Euro Zone inflation. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union (EMU) by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange ...
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
The People's Republic of China's renminbi was informally and controversially pegged to the dollar in the mid-1990s at ¥ 8.28/USD. Likewise, Malaysia pegged its ringgit at RM3.8/USD in September 1998, after the financial crisis. On July 21, 2005, both countries removed their pegs and adopted managed floats against a basket of currencies.