About this conversion
The French Franc (FRF) was the national currency of France before the adoption of the Euro (EUR). On January 1, 1999, the Euro was introduced as an accounting currency, and the exchange rate was irrevocably fixed at 6.55957 FRF per EUR. Physical Franc notes and coins continued to circulate until February 17, 2002, after which the Euro became the sole legal tender.
Today, the FRF is no longer in circulation, but it can still be exchanged at the Bank of France for a fixed period. For historical reference, the conversion rate remains 1 EUR = 6.55957 FRF. This fixed rate is used for any conversion between the two currencies, whether for accounting, historical data, or collector purposes.
When dealing with FRF to EUR conversions, it is important to use the official fixed rate. This ensures accuracy and consistency, as the rate is not subject to market fluctuations. For any financial records or transactions involving the French Franc, the Euro equivalent is calculated using this fixed rate.