euro                  package: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)")

