>Fairly certain that Germany pushed for the value with an easy conversion (2 Deutsche Mark = 1 EUR) and not for dollar-similarity.
>Exchange rate was 1 EUR for 1,95583 DM
I don't think so, the same happened for the old Lira in Italy, 1,936.27=1 €, that everyone rounded to 2,000=1 €, or for the Portuguese Escudo, around 200=1 €, it should be just a coincidence:
And then some sellers converted 1000 Lire = 1€. I still remember looking at shop windows and seeing everything doubling in price. Instant inflation and instant poverty....
I don't think so, the same happened for the old Lira in Italy, 1,936.27=1 €, that everyone rounded to 2,000=1 €, or for the Portuguese Escudo, around 200=1 €, it should be just a coincidence:
https://en.wikipedia.org/wiki/History_of_the_euro#Currency_t...
The conversion was based on exchange rates on 31 December 1998 for the initial Euro members.