Trade-weighted exchange rates
|
The 12 euro-area economies may have locked their exchange rates together, yet their trade-weighted exchange rates can still move apart. Ireland's trade-weighted rate has fallen further since 1999 because over 40% of its trade is with America or Britain.
This article appeared in the Economic & financial indicators section of the print edition under the headline “Trade-weighted exchange rates”
From the October 26th 2002 edition
Discover stories from this section and more in the list of contents
Explore the edition