euro                package:datasets                R Documentation

_C_o_n_v_e_r_s_i_o_n _R_a_t_e_s _o_f _E_u_r_o _C_u_r_r_e_n_c_i_e_s

_D_e_s_c_r_i_p_t_i_o_n:

     Conversion rates between the various Euro currencies.

_U_s_a_g_e:

     euro
     euro.cross

_F_o_r_m_a_t:

     'euro' is a named vector of length 11, 'euro.cross' a  matrix of
     size 11 by 11, with dimnames.

_D_e_t_a_i_l_s:

     The data set 'euro' contains the value of 1 Euro in all currencies
     participating in the European monetary union (Austrian Schilling
     ATS, Belgian Franc BEF, German Mark DEM, Spanish Peseta ESP,
     Finnish Markka FIM, French Franc FRF, Irish Punt IEP, Italian Lira
     ITL, Luxembourg Franc LUF, Dutch Guilder NLG and Portuguese Escudo
     PTE).  These conversion rates were fixed by the European Union on
     December 31, 1998.  To convert old prices to Euro prices, divide
     by the respective rate and round to 2 digits.

     The data set 'euro.cross' contains conversion rates between the
     various Euro currencies, i.e., the result of 'outer(1 / euro,
     euro)'.

_E_x_a_m_p_l_e_s:

     cbind(euro)

     ## These relations hold:
     euro == signif(euro,6) # [6 digit precision in Euro's definition]
     all(euro.cross == outer(1/euro, euro))

     ## Convert 20 Euro to Belgian Franc
     20 * euro["BEF"]
     ## Convert 20 Austrian Schilling to Euro
     20 / euro["ATS"]
     ## Convert 20 Spanish Pesetas to Italian Lira
     20 * euro.cross["ESP", "ITL"]

     require(graphics)
     dotchart(euro,
              main = "euro data: 1 Euro in currency unit")
     dotchart(1/euro,
              main = "euro data: 1 currency unit in Euros")
     dotchart(log(euro, 10),
              main = "euro data: log10(1 Euro in currency unit)")

