European Currency Unit


 

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European Currency Unit

A weighted average of European Community currencies with weighting tending to be proportional to a country's economy. The ecu has been superseded by the euro.



Similar Matches

European Payments Union

European Payments Union

An international arrangement for settling payments among member countries in Europe during a period in which many of the countries' currencies were not convertible. The EPU functioned from 1950 to 1958, after which it was replaced by the EMA.


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European equivalent of Nasdaq.


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A method of exercising options contracts in which the buyer can exercise the contract on the last day before expiration.


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European Monetary Agreement

European Monetary Agreement

An intergovernmental organization administered by the OECD that facilitated settlement of balance of payments accounts among its member states from 1958 to 1972. It replaced the EPU, and its functions were taken over by the IMF in 1972.


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Central and Eastern European countries
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