When did the euro start?

Hello,

Just wondering why the euro price data starts at 1 jul 1989 on the monthly charts in mt4? Didnt it float in 1999 or something?

I mainly daytrade and am trying to learn more about fundamentals etc.

Thanks

the prices you see since 1989 are for the deutsche mark, which was the largest european currency. USD/DMM was the most liquid currency back in the day, and the euro replaced it. Hence the price was substituted in the charts.

oh, i c

Thanks Dakoo

I didn't know that, though it makes some sense. I always thought it was a weighted basket of currencies or something. Besides the DMM being the most liquid EMU currency, several EU countries also had their currency pegged to it.