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European Currency Unit

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.15 sec.
European Currency Unit (ECU)
An index of foreign exchange consisting of European currencies, originally devised in 1979. Also see Euro.
European Currency Unit (ECU)
A weighted index of the currencies of ten European Economic Community members. For bonds denominated in ECUs, U.S. investors risk not only the possibility of interest-rate increases but also the chance that the dollar will rise relative to the ECU (that is, one ECU will buy fewer dollars). On the plus side, these securities provide investors with the opportunity of overseas diversification without reliance on the currency of a single country.


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The value of the euro in relation to other currencies, including the dollar, will not be known until January 1, 1999, but it is likely to be near the value of the European currency unit (ECU), which is now about $1.
Statement by Theodore E. Allison, Assistant to the Board, Board of ... by Federal Reserve Bulletin
Kneppeck said his parents aren't pleased with what they see as Germany losing its identity when it joined the European Union and abandons the Deutschmark for the European Currency Unit.
A NEW HOME FOR KNEPPECK; HAPPY WITH BURGERS, GERMAN SWIMMER WILL STAY by Daily News (Los Angeles, CA)
The European Currency Unit (ECU), or euro, would be nothing but the Deutsche Mark in disguise, says Laughland.
The Tainted Source: The Undemocratic Origins of the European Idea by Weber, Eugen / The National Interest
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