History Center output for EURUSD
The name euro was officially adopted on 16 December 1995.[7] The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1. Euro coins and banknotes entered circulation on 1 January 2002.
http://en.wikipedia.org/wiki/Euro
Due to differences in national conventions for rounding and significant digits, all conversion between the national currencies had to be carried out using the process of triangulation via the euro. The definitive values in euro of these subdivisions (which represent the exchange rates at which the currency entered the euro) are shown at right.
The rates were determined by the Council of the European Union,[26] based on a recommendation from the European Commission based on the market rates on 31 December 1998. They were set so that one European Currency Unit (ECU) would equal one euro. The European Currency Unit was an accounting unit used by the EU, based on the currencies of the Member States; it was not a currency in its own right.
http://en.wikipedia.org/wiki/Euro#Introduction_of_the_euro
The European Currency Unit (₠ or ECU: French pronunciation: [eky], English: /eɪˈkjuː/ or spelt out /ˌiːˌsiːˈjuː/) 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 January 1, 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on March 13, 1979.
http://en.wikipedia.org/wiki/European_Currency_Unit
Since the Euro was well defined as a function of exchange rates of existing currencies at time of inception it is simply a matter of accounting to determine what the Euro would have been priced at were it to exist going farther back in time.
The name euro was officially adopted on 16 December 1995.[7] The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1. Euro coins and banknotes entered circulation on 1 January 2002.
http://en.wikipedia.org/wiki/Euro
Due to differences in national conventions for rounding and significant digits, all conversion between the national currencies had to be carried out using the process of triangulation via the euro. The definitive values in euro of these subdivisions (which represent the exchange rates at which the currency entered the euro) are shown at right.
The rates were determined by the Council of the European Union,[26] based on a recommendation from the European Commission based on the market rates on 31 December 1998. They were set so that one European Currency Unit (ECU) would equal one euro. The European Currency Unit was an accounting unit used by the EU, based on the currencies of the Member States; it was not a currency in its own right.
http://en.wikipedia.org/wiki/Euro#Introduction_of_the_euro
The European Currency Unit (₠ or ECU: French pronunciation: [eky], English: /eɪˈkjuː/ or spelt out /ˌiːˌsiːˈjuː/) 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 January 1, 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on March 13, 1979.
http://en.wikipedia.org/wiki/European_Currency_Unit
Since the Euro was well defined as a function of exchange rates of existing currencies at time of inception it is simply a matter of accounting to determine what the Euro would have been priced at were it to exist going farther back in time.
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Hello,
Does anyone have a rational explaination as to why History Center has Daily price data for EURUSD that goes as far back as the year 1989?
Regards,
Wilbur.