What does european currency unit mean?
Definitions for european currency unit
eu·ro·pean cur·ren·cy unit
This dictionary definitions page includes all the possible meanings, example usage and translations of the word european currency unit.
Wikidata
European Currency Unit
The European Currency Unit was a basket of the currencies of the European Community member states, used as the unit of account of the European Community before being replaced by the euro on 1 January 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on 13 March 1979. The European Exchange Rate Mechanism attempted to minimize fluctuations between member state currencies and the ECU. The ECU was also used in some international financial transactions, where its advantage was that securities denominated in ECUs provided investors with the opportunity for foreign diversification without reliance on the currency of a single country. The ECU was conceived on 13 March 1979 as an internal accounting unit. It had the ISO 4217 currency code XEU.
Numerology
Chaldean Numerology
The numerical value of european currency unit in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of european currency unit in Pythagorean Numerology is: 5
Translations for european currency unit
From our Multilingual Translation Dictionary
- यूरोपीय मुद्रा इकाईHindi
- unit mata uang eropaIndonesian
- europeisk valutaenhetNorwegian
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"european currency unit." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/european+currency+unit>.
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