
Article 1 
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
= 15,6466 Estonian kroons
= 340,75 Greek drachma
= 166,386 Spanish pesetas
= 6,55957 French francs
= 0,787564 Irish pounds
= 1 936,27 Italian lire
= 0,585274 Cyprus pounds
= 0,702804 latvian lats
= 3,4528 Lithuanian litas
= 40,3399 Luxembourg francs
= 0,4293 Maltese liras
= 2,20371 Dutch guilders
= 13,7603 Austrian schillings
= 200,482 Portuguese escudos
= 239,64 Slovenian tolars
= 30,126 Slovak korunas
= 5,94573 Finnish marks
Article 2 
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.