Conversion Table For Legacy to Euro Currency

Country Currency Foreign
Amount
/ Conversion
Rate
Euro
Amount
Austria Austria Schilling ATS Divided by 13.760300 = 1 EUR
Belgium Belgian Franc BEF Divided by 40.339900 = 1 EUR
Germany Deutsche Mark DEM Divided by 1.955830 = 1 EUR
Spain Spanish Peseta ESP Divided by 166.386000 = 1 EUR
Finland Finnish Markka FIM Divided by 5.945730 = 1 EUR
France French Franc FRF Divided by 6.559570 = 1 EUR
Greece Greek Drachma GRD Divided by 340.750000 = 1 EUR
Ireland Irish Pound IEP Divided by .787564 = 1 EUR
Italy Italian Lira ITL Divided by 1936.270000 = 1 EUR
Luxemburg Luxembourg Franc LUF Divided by 40.339900 = 1 EUR
The Netherlands Dutch Guilder NLG Divided by 2.203710 = 1 EUR
Portugal Portuguese Escudo PTE Divided by 200.482000 = 1 EUR

Instructions:

In order to obtain the equivalent of a Legacy Currency in EUR, divide the Foreign amount by the number that corresponds to that Currency.

Example:

    1. If you have a Cash Letter for 15,250.00 in DEM. You need to convert to EUR:

    2. (DEM) 15,250.00/1.955830 = 7,797.20 EUR

    3. If you have a Cash Letter for 150,325,000.00 in ITL. You need to report them as EUR:

    4. (ITL) 150,325,000 / 1936.27 = 77,636.38 EUR

Note: Sweden, Demark and United Kingdom will not be participating, and their currencies still remain active.