Economy > Currency > Euro peg: Countries Compared
DEFINITION:
Shows the type of currency exchange rates between local currency and the euro in countries belonging to the European Union, but not to the Eurozone. Some of them have a floating exchange rate (meaning that the value of their currency compared to euro varies day to day), while others belong to the ERM (European Exchange Rate Mechanism), which fixes exchange rate margins between the euro and the local currency, with rates variable within those margins.
