Re: The Euro

The exchange rates from the old currencies to the Euro are now immutable so we can code the rates into our scripts directly - if a rate does change its likely that it would hit the news first.

Actually, the exchange rates have been immutable since Jan 1st 1999. I was writing Euro conversion programs with hard-coded values when the Euro was first introduced three years ago.

--
<http://www.dave.org.uk>

"The first rule of Perl club is you do not talk about Perl club."
-- Chip Salzenberg

Comment on Re: The Euro

Replies are listed 'Best First'.
Re: Re: The Euro by Anonymous Monk on Jan 02, 2002 at 18:12 UTC
That seems like a poor way to do it (having the rate be immutable for 2 years, that is). What is to keep a country from plunging its currency straight in to the toilet (accidentally or otherwise) only to have the exchange rate be the same as when their currency was strong? Things that make you go hmmmm... thor	[reply]
Re: Re: Re: The Euro by davorg (Chancellor) on Jan 02, 2002 at 18:32 UTC
What actually happened was that on Jan 1st 1999, the Franc, the Mark, the Lira and the other nine currencies all ceased to exist in any real sense. At that point, the exchange rates to the Euro were fixed. All financial dealings in these currencies became dealings in the Euro. Euros were only converted to the old national currencies when you wanted physical coins and notes in your pocket. All the fuss in the news over the last few days was, in some ways, deceptive. The 12 countries have been using the Euro for three years now. The only difference this year is that notes and coins have been issued. -- <http://www.dave.org.uk> "The first rule of Perl club is you do not talk about Perl club." -- Chip Salzenberg	[reply]