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Introduction
The introduction of the euro took place principally between 31 December 1998, when the exchange rates between the euro and legacy currencies in the Euro zone became fixed, and early 2002, when euro notes and coins were introduced and the legacy currencies withdrawn.
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Yielded currencies of the Eurozone

Currency Austrian schilling Belgian franc Dutch gulden Finnish markka French franc German mark Irish pound Slovak koruna Code ATS BEF NLG FIM FRF DEM IEP SKK Rate 13.7603 40.3399 2.20371 5.94573 6.55957 1.95583 0.787564 30.1260[5] Fixed on 1998-12-31 1998-12-31 1998-12-31 1998-12-31 1998-12-31 1998-12-31 1998-12-31 2008-07-08 EMU III 1999 1999 1999 1999 1999 1999 1999 2009

Italian lira franc Portuguese escudo Spanish peseta

ITL LUF

1936.27 40.3399

1998-12-31 1998-12-31

1999 1999

PTE

200.482

1998-12-31

1999

ESP

166.386

1998-12-31

1999

Greek drachma
Slovenian tolar Cypriot pound Maltese lira

GRD
SIT CYP MTL

340.750[1]
239.640[2] 0.585274[3] 0.429300[4]

2000-06-19
2006-07-11 2007-07-10 2007-07-10

2001
2007 2008 2008

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 Euro markets. Euro currency markets. Euro bonds markets. Euro credit.

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Meaning of Euro markets

Euro markets are banking markets for deposits & loans, In other words Euro markets is a large single market comprised of all member countries, allowing for more efficient trade.

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It facilitates hedging operations

It helps in management of several currency accounts

It facilitates FOREX operations &long trading hours

More opportunity for consumers

More attractive opportunities for foreign investors

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Meaning of Euro currency markets Euro currency markets are the international currency markets where currencies are borrowed and lent.

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 It

is mainly a Euro dollar market

This

market exists because of savings and time deposits rather than demand deposits deposits in this market is relatively short term in nature is a large international money market relatively free from government regulations
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The

It

Euro bonds means ,it is similar to the public debt sold in domestic capital markets & these bond are issued in a bearer form.

Like euro currency market, Euro bond market enables borrowers and lenders to be free from various monetary authority regulations &controls

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Eurobond transactions involve elaborate swap deals in which two or more parties may exchange payments on parallel The Eurobond market is made up of investors, banks, borrowers, and trading agents that buy, sell, and transfer Eurobonds Eurobonds are a special kind of bond issued by European governments and companies, but often denominated in non-European currencies such as dollars and yen.

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Euro credits are short to medium term loans of Euro currency provided by an organized group of financial institutions mainly Euro banks to Corporations, Sovereign governments or international organisations

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Greece Greece joined the euro on 1 January 2001, after the initial launch in 1999 but before the introduction of notes and coins in 2002. Cyprus On 13 February 2007, the Republic of Cyprus formally applied to join the eurozone on 1 January 2008. The final decision was expected to be taken in Brussels on 2122 June at an EU Summit to be ratified by all EU heads of state

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Slovakia Will join Euro zone on 1 January 2009. Malta On 1 December 2007, the Central Bank of Malta issued for sale the first Maltese Euro Set. This set was targeted for collectors and contains the eight Maltese euro coins in BU quality, together with a commemorative ingot and a certificate, enclosed in a luxury wooden case.

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