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jimneville | 14:29 Tue 13th May 2003 | History
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What was the value of the Euro versus the US Dollar when it was launched in January 1999?
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Avatar Image mikewall01
The Euro was launched, as an electronic currency only, on 1st Jan 1999. When trading began on 4th Jan, after the holidays, it was worth $1.18. The Euro became legal tender on 1st Jan 2002 at which time it was worth, during that day, an average of $0.9050.
15:04 Tue 13th May 2003
Avatar Image rja211077
i thought i'd read a previous answer to a similar question on this site that said that the initial value of the Euro was set at $1 exactly. maybe i'm mistaken. it would seem unlikely that its value would rise 18 cents in 3 days (assuming mikewall is right and i've no doubt he is)
13:19 Wed 14th May 2003

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