Article 1 
The irrevocably fixed conversion rates between the euro and the currencies of the Member States adopting the euro are: 1 euro = 40,3399 Belgian francs = 1,95583 German marks = 15,6466 Estonian kroons = 340,750 Greek drachma = 166,386 Spanish pesetas = 6,55957 French francs = 0,787564 Irish pounds = 1 936,27 Italian lire = 0,585274 Cyprus pounds = 0,702804 latvian lats = 40,3399 Luxembourg francs = 0,429300 Maltese liras = 2,20371 Dutch guilders = 13,7603 Austrian schillings = 200,482 Portuguese escudos = 239,640 Slovenian tolars = 30,1260 Slovak korunas = 5,94573 Finnish marks 1 euro = 40,3399 Belgian francs 1 euro = 40,3399 Belgian francs = 1,95583 German marks 1,95583 German marks = 15,6466 Estonian kroons 15,6466 Estonian kroons = 340,750 Greek drachma 340,750 Greek drachma = 166,386 Spanish pesetas 166,386 Spanish pesetas = 6,55957 French francs 6,55957 French francs = 0,787564 Irish pounds 0,787564 Irish pounds = 1 936,27 Italian lire 1 936,27 Italian lire = 0,585274 Cyprus pounds 0,585274 Cyprus pounds = 0,702804 latvian lats 0,702804 latvian lats = 40,3399 Luxembourg francs Luxembourg francs = 0,429300 Maltese liras = 0,429300 Maltese liras = 2,20371 Dutch guilders 2,20371 Dutch guilders = 13,7603 Austrian schillings 13,7603 Austrian schillings = 200,482 Portuguese escudos 200,482 Portuguese escudos = 239,640 Slovenian tolars 239,640 Slovenian tolars = 30,1260 Slovak korunas 30,1260 Slovak korunas = 5,94573 Finnish marks 5,94573 Finnish marks
Article 2 
This Regulation shall enter into force on 1 January 1999. This Regulation shall be binding in its entirety and directly applicable in all Member States.