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Q: Euro Exchange Rate ( Answered 5 out of 5 stars,   1 Comment )
Question  
Subject: Euro Exchange Rate
Category: Business and Money > Finance
Asked by: spurr-ga
List Price: $5.00
Posted: 14 Mar 2003 01:48 PST
Expires: 13 Apr 2003 02:48 PDT
Question ID: 176016
What was the average Euro to sterling Exchange rate for the period
1/1/02 to 31/12/02
Answer  
Subject: Re: Euro Exchange Rate
Answered By: tehuti-ga on 14 Mar 2003 02:17 PST
Rated:5 out of 5 stars
 
Hello spurr,

According to figures provided by the Bank of England Monetary &
Financial Statistics Division, the average exchange rate of the euro
against sterling was 1.5909 in 2002.

You can access the data from the Bank of England web site at
http://www.bankofengland.co.uk/mfsd/rates/ by selecting 2002 from the
“Annual” section.  The data is in the form of an Excel 97 file and
includes information on the rates of a number of other currencies
against the UK pound as well.  If you want more historical data, you
can get annual files from 1997 onwards.

In addition, files are provided with more-detailed breakdowns.  Files
showing quarterly and monthly data are available from 1999 to the
present, and daily figures are available from 2001 to the present.

Average rates are calculated based on working days in the month,
quarter or year, with exchange rates for the two days of the weekend
being the same as that for Friday.

Search strategy: “average exchange rates”
spurr-ga rated this answer:5 out of 5 stars and gave an additional tip of: $2.00
Excellent answer - very happy

Comments  
Subject: Re: Euro Exchange Rate
From: tehuti-ga on 14 Mar 2003 02:40 PST
 
The figure I gave refers to a rate of 1.5909 euros to the pound, which
is equivalent to 0.6286 pounds to the euro.

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