# central rate

- Canonical URL: https://www.gerhardmerk.de/central-rate
- Post ID: 604396
- Modified: 2026-08-25T13:21:42+00:00
- Language: en

## Definition

Within ERM II, the central rate is the agreed euro-denominated value assigned to a participating currency. It anchors the mechanism’s monitoring of that currency and is used to establish the range within which its market exchange rate may normally move.

## Machine-readable

- Generator: Merk Knowledge 2.0.0