Meaning European Currency Unit
What does European Currency Unit mean? Here you find 14 meanings of the word European Currency Unit. You can also add a definition of European Currency Unit yourself
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European Currency UnitAn index of foreign exchange consisting of European currencies, originally devised in 1979. Also see Euro.
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European Currency UnitUnité monétaire européene (écu)
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European Currency UnitA weighted average currency unit created by weighting the current exchange rate of the twelve European Community member country currencies based on country GNP and trade. The ECU is a unit of value that fluctuates less than individual European Community currencies because it is a weighted average.
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European Currency UnitPrior to Stage Three of EMU, the ECU was a basket currency made up of the sum of fixed amounts of 12 out of the then 15 currencies of the EU Member States. The value of the ECU was calculated as a wei [..]
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European Currency UnitThe forerunner of the euro that will be officially introduced in the European Union in 2002. Commonly referred to as the ECU, the European Currency Unit is the weighted average of the currencies of th [..]
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European Currency UnitA composite currency that was a basket of most of the currencies of countries in the European Union as of 1999, when it was replaced by the euro. Conceived in 1979, it was used as a unit of account of [..]
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European Currency Unitthe forerunner of the Euro, this was a stable means of exchange between the former national currencies as they prepared to give way to the single currency.
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European Currency UnitDefinition ECU. A composite monetary unit consisting of a basket of European Community currencies that served as the predecessor to the Euro. While it was being used, the purpose of the ECU was to pro [..]
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European Currency UnitA trade-weighted basket of currencies in the European Exchange Rate Mechanism (ERM) of the European Union.
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European Currency UnitThe official unit of account of the European Monetary System. It is a combination or basket of the currencies from the twelve European Community countries: the Deutsche mark, French franc, British pou [..]
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European Currency UnitThe ecu is a "basket" of specified amounts of each E. C. currency. Amounts were determined according to the economic size of EC members, all of whose currencies participate in the ecu basket [..]
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European Currency UnitThis was introduced in 1979 with the coming into effect of the European Monetary System (EMS). The ECU is based on a basket of European currencies and its value is equal to the sum of the values of th [..]
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European Currency UnitA trade-weighted basket of currencies in the European Exchange Rate Mechanism (ERM) of the European Union.
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European Currency UnitAn index of foreign exchange consisting of European currencies, originally devised in 1979. Also see Euro.
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