Face -  Index -  Top/Bottom -  Previous/ Next

"Report and Accounts 1999"

 

Table 12 Central rates and fluctuation band vis-à-vis euro in ERM II

Per 100 euro	Denmark	Greece
Upper limit	Kr. 762.824	Drachmas 39,186.3
Central rate	Kr. 746.038	Drachmas 34,075.0
Lower limit	Kr. 729.252	Drachmas 28,963.8
Note: For Denmark applicable from 1 January 1999 and for Greece from 17 January 2000. The central rate for Greece was written up as part of the preparations for the adoption of the euro. From 1 January 1999 to 17 January 2000 the central rate for the drachma was GRD 35,310.9 per 100 euro, with fluctuation limits of respectively GRD 50,607.5 (upper limit) and GRD 30,014,3 (lower limit). The fluctuation band for Greece is +/- 15 per cent, while that for Denmark is +/- 2.25 per cent.

Face -  Index -  Top/Bottom -  Previous/ Next

Version 1.0 April 2000 Nationalbanken.
Published by Danmarks Nationalbank April 2000, http://www.nationalbanken.dk