Euro was introduced in the year 1999. Bloomberg gives USDEUR rates from 1990 onwards. Are these USDEUR rates from 1990 reliable? How is this possible? What is the calculation process?
The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) which was previously used since March 1979. Perhaps "USD:EUR rates from 1990" that you have watched is actually USD:ECU rates?!?
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