An important element of this is participation for a minimum of two years in the European Exchange Rate Mechanism ("ERM II"), in which candidate currencies demonstrate economic convergence by maintaining limited deviation from their target rate against the euro.
Elemen terpenting dari kriteria ini adalah Mekanisme Nilai Tukar Eropa ("ERM II"), ketika mata uang kandidat mendemonstrasikan pergeseran ekonomi dengan mempertahankan deviasi terbatas dari nilai target mereka melawan euro.