The following table shows the EMU member countries and the
respective exchange rates of the euro to the old national
currencies. More countries are expected to join the EMU
later.
Table 11. EMU Exchange Rates
| Country | ISO Code | Full Description | Exchange Rate |
|---|
| | | | |
| Austria | ATS | Austrian Schilling | 1 euro = 13.7603 S |
| Belgium | BEF | Belgian Franc | 1 euro = 40.3399 bfrs |
| Finland | FIM | Finnish Mark | 1 euro = 5.94573 Fmk |
| France | FRF | French Franc | 1 euro = 6.55957 FF |
| Germany | DEM | German Mark | 1 euro = 1.95583 DM |
| Ireland | IEP | Irish Pound | 1 euro = 0.787564 Ir. £ |
| Italy | ITL | Italian Lira | 1 euro = 1936.27 Lit |
| Luxembourg | LUF | Luxembourgian Franc | 1 euro = 40.3399 lfrs |
| Netherlands | NLG | Dutch Guilder | 1 euro = 2.20371 hfl |
| Portugal | PTE | Portuguese Escudo | 1 euro = 200.482 Esc |
| Spain | ESP | Spanish Peseta | 1 euro = 166.386 Ptas |