XEU


Also found in: Acronyms.

XEU

The ISO 4217 currency code for the European currency Unit (ECU).

XEU

ISO 4217 currency code for the European currency unit. Prior to the adoption of the euro, the XEU was set up as currency basket to provide a methodology for reconciling differing exchange rates between currencies who wished to participate in the single European currency. Established in the 1979, it was known as a "semi-pegged" system in which currencies were variable with respect to each other only within a certain range. After the introduction of the euro in 1999, the exchange rate mechanism was replaced by ERM II, which reconciles exchange rates for countries wishing to join the eurozone. See also: Exchange rate mechanism.
References in periodicals archive ?
Reportero y comentarista de la XEU de Veracruz, Ubaldo Enriquez no oculta la admiracion por el idolo: "Precedido por el tema de la Seleccion Mexicana nos llego el mejor jugador a Veracruz, y se ha convertido en un fenomeno: las entradas han mejorado, las tiendas deportivas han incrementado la venta de los uniformes del Veracruz, sobre todo las camisetas de Cuauhtemoc; los medios de comunicacion tambien se han visto favorecidos porque los anunciantes quieren participar en esa voragine, en ese boom mediatico".