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The value of the new French franc, in 2007 euros. Years shaded in light blue indicate fixed exchange rate to the euro. In January 1960 the French franc was revalued, with 100 existing francs making one nouveau franc. [16] The abbreviation "NF" was used on the 1958 design banknotes until 1963.
The Franc's value compared to the US dollar varied over the years. After 1971, its lowest mark was in February 1985, when one dollar would have bought 66.31 franc. Its highest standing was in July 1980, when it stood at 27.96 to the dollar. After 1 January 1999, the rates are calculated from the Francs fixed conversion rate to the Euro. [5]
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 ...
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
1 January 1960 to 31 December 1998 – Fixed exchange rate with the French franc at F.CFP 1 = NF 0.055 or NF 1 ≈ F.CFP 18.182 (1 January 1960: 100 'old' French francs became 1 'new' franc) 1 January 1999 onward – Fixed exchange rate with the euro at F.CFP 1,000 = €8.38 or €1 ≈ F.CFP 119.332 (1 January 1999: euro replaced FRF at the ...
This is a list of circulating fixed exchange rate currencies, ... CFP franc: Euro: 119.33174: Comorian franc: Euro: 491.96775 Cook Islands dollar: New Zealand dollar: 1
Like the French franc, the Belgian and Luxembourg francs ceased to exist on 1 January 1999, when they became fixed at 1 EUR = 40.3399 BEF/LUF, thus a Belgian or Luxembourg franc was worth €0.024789. Old franc coins and notes lost their legal tender status on 28 February 2002. One Luxembourg franc was equal to one Belgian franc.
Euro coins and banknotes were introduced on 1 January 2002. Old franc coins and notes lost their legal tender status on 1 March 2002. While, like Belgian franc coins, Luxembourg franc coins ceased to be convertible to euros on 31 December 2004, Luxembourg franc banknotes remain convertible to euros indefinitely at the Central Bank of Luxembourg ...