I wonder why they pegged at 1.96 instead of 2? | Hacker News

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jefftk 3 months ago | parent | context | favorite | on: Is Iceland getting ready to join the EU?

I wonder why they pegged at 1.96 instead of 2?

_Microft 3 months ago [–]

They had pegged their currency to the DM (Deutsche Mark) and 1.95583:1 is still exactly the same exchange rate as when DM were converted to Euro.

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