*This message was transferred with a trial version of CommuniGate(tm) Pro* [EMAIL PROTECTED] wrote, concerning Re: [VFB] Euro Dollar: >*This message was transferred with a trial version of CommuniGate(tm) Pro* > >At least temporarily, the Euro's value is supposed to be based directly on >the U.S. Dollar. One Dollar equalled one Euro at least when Euros were >first issued.
Mere chance. > I assume that the intention is to keep the two currencies >paced the same way to piggyback the currency on the strength of the dollar, Nope. the idea was to float the Euro. The hope was that it would prove as strong as the dollar, based on strong backing currencies like the Deutschmark and the Dutch guilder. It rapidly fell to about 90% of its original value and has hovered around that point ever since. -- ===========================Heisenberg was right!========================= | Dr. Henk J.M. Verhaar | e-mail: [EMAIL PROTECTED] | | Senior Consultant Ecotoxicology | home: [EMAIL PROTECTED] | | OpdenKamp ADVIESGROEP | phone: +31 70 426 0032 | | Koninginnegracht 23 | fax: +31 70 426 0001 | | 2514 AB Den Haag, the Netherlands | ICQ: 15727113 | ===========================Uncertainty happens!==========================
