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A comment on Euro falls below parity with the dollar. Parent comment

Re:Euro falls below parity with the dollar by wirrbel on Monday August 22, 2022 @09:07AM (#32550790)
Fairly certain that Germany pushed for the value with an easy conversion (2 Deutsche Mark = 1 EUR) and not for dollar-similarity.

Exchange rate was 1 EUR for 1,95583 DM

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Re:Euro falls below parity with the dollar by jaclaz on Monday August 22, 2022 @09:20AM (#32550947)
>Fairly certain that Germany pushed for the value with an easy conversion (2 Deutsche Mark = 1 EUR) and not for dollar-similarity. >Exchange rate was 1 EUR for 1,95583 DM

I don't think so, the same happened for the old Lira in Italy, 1,936.27=1 €, that everyone rounded to 2,000=1 €, or for the Portuguese Escudo, around 200=1 €, it should be just a coincidence:

https://en.wikipedia.org/wiki/History_of_the_euro#Currency_t...

The conversion was based on exchange rates on 31 December 1998 for the initial Euro members.

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Re:Euro falls below parity with the dollar by croes on Monday August 22, 2022 @09:09AM (#32550811)
And then some sellers converted 1DM = 1€
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Re:Euro falls below parity with the dollar by zuzzurro on Monday August 22, 2022 @06:36PM (#32558161)
And then some sellers converted 1000 Lire = 1€. I still remember looking at shop windows and seeing everything doubling in price. Instant inflation and instant poverty....
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