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euro |
Also found in: Medical, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
euro [ˈjʊərəʊ] n pl -os
(Economics, Accounting & Finance / Currencies) the official currency unit, divided into 100 cents, of the member countries of the European Union who have adopted European Monetary Union; these are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portgual, and Spain; also used by Andorra, Bosnia and Hercegovina, French Guiana, Guadeloupe, Kosovo, Martinique, Mayotte, Monaco, Montenegro, Réunion, San Marino, and the Vatican City ThesaurusLegend: Synonyms Related Words Antonyms
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| Broken down by event, Munich Re anticipates a loss of 75 million euro from Hurricane Charley; a 65 million euro hit from Hurricane Frances; a loss of 215 million euro from Hurricane Ivan; a loss of between 80 million euro and 100 million euro from Hurricane Jeanne; and a loss of 40 million euro from typhoons Songda and Chaba in Japan. The conversion as of 1999 has to be made through the euro (triangulation)--for example, Dutch guilders to euros to French francs, using the fixed conversion factors for guilders and francs to the euro. The insured losses appear likely to exceed 2 billion euro (approximately $2 billion), with some estimates reaching as high as $4 billion, based on figures released by insurers and reinsurers across the region. |
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