R: Euro Conversion Rates

euro {base} | R Documentation

## Euro Conversion Rates

### Description

Conversion rates between the various Euro currencies.

### Usage

    data(euro)

### Format

`euro` is a named vector of length 11, `euro.cross` a named matrix of size 11 by 11.

### Details

The data set `euro` contains the value of 1 Euro in all currencies participating in the European monetary union (Austrian Schilling ATS, Belgian Franc BEF, German Mark DEM, Spanish Peseta ESP, Finnish Markka FIM, French Franc FRF, Irish Punt IEP, Italian Lira ITL, Luxembourg Franc LUF, Dutch Guilder NLG and Portugese Escudo PTE). These conversion rates were fixed by the European Union on December 31, 1998. To convert old prices to Euro prices, divide by the respective rate and round to 2 digits.

The data set `euro.cross` contains conversion rates between the various Euro currencies, i.e., the result of `outer(1 / euro, euro)`.

### Examples

    data(euro)
    cbind(euro)

    ## These relations hold:
    euro == signif(euro,6) # [6 digit precision in Euro's definition]
    all(euro.cross == outer(1/euro, euro))

    ## Convert 20 Euro to Belgian Franc
    20 * euro["BEF"]
    ## Convert 20 Austrian Schilling to Euro
    20 / euro["ATS"]
    ## Convert 20 Spanish Pesetas to Italian Lira
    20 * euro.cross["ESP", "ITL"]

    dotchart(euro,
             main = "euro data: 1 Euro in currency unit")
    dotchart(1/euro,
             main = "euro data: 1 currency unit in Euros")
    dotchart(log(euro, 10),
             main = "euro data: log10(1 Euro in currency unit)")

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