Yesterday I posted a 45-year historical chart of 9 currencies where I described the difference between appreciators, depreciators, and long-term range-bound currencies. Β I considered the Euro to be in the latter category, but the Euro was made up of currencies like the Deutsche Mark (DEM) which behaved more like appreciators and currencies like the Italian Lira, which trended more like depreciators.
Here is a chart of how the three currencies trended in the 20 years before the Euro:
2 thoughts on “How different were the German Mark, French Franc, and Italian Lire before the Euro?”
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