The irrevocably fixed conversion rates between the euro and the currencies of the Member States adopting the euro are:
1 euro // = 40,3399 Belgian francs
// = 1,95583 German marks
// = 166,386 Spanish pesetas
// = 6,55957 French francs
// = 0,787564 Irish pounds
// = 1 936,27 Italian lire
// = 40,3399 Luxembourg francs
// = 2,20371 Dutch guilders
// = 13,7603 Austrian schillings
// = 200,482 Portuguese escudos
// = 5,94573 Finnish marks.
This Regulation shall enter into force on 1 January 1999.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 31 December 1998.
For the Council
The President
R. EDLINGER
(1) OJ C 412, 31. 12. 1998, p. 1.
(2) Council Decision 98/317/EC of 3 May 1998 in accordance with Article 109j(4) of the Treaty (OJ L 139, 11. 5. 1998, p. 30).
(3) OJ L 139, 11. 5. 1998, p. 1.
(4) OJ L 162, 19. 6. 1997, p. 1.
(5) OJ C 160, 27. 5. 1998, p. 1.