DATAMATH CALCULATOR MUSEUM
Texas Instruments €-2003
|Date of introduction:||1999||Display technology:||LCD|
|New price:||Display size:||12|
|Size:||6.1" x 4.6" x 1.0"|
|Weight:||4.6 ounces||Serial No:|
|Batteries:||LR-189||Date of manufacture:||mth 09 year 2001|
|AC-Adapter:||Origin of manufacture:||China|
|Program steps:||Courtesy of:||Joerg Woerner|
The €-2003 calculator combines the usual desktop basic calculator functions with a very convenient Euro currency conversion. All of the 11 yet defined exchange rates are preprogrammed in the calculator, 4 additional ones could be added later. The home country is selected with the Select-key. Two additional keys allow the conversion in both directions. A similar calculator in a smaller housing without the TAX function was introduced with the €-2001.
Other calculators in the desktop housing include the 10 digit €-1796 and the simple €-2002+. The €-2004, €-2005, €-2006 and €-5032 added printing capabilities.
In 2006 Texas Instruments surprised customers in Europe with a complete new family of Euro Calculators labeled EC-3, EC-5 and EC-7 Pro.
An expert group of the European Community (EC) started in the year 1994 to set up plans to use in the near future a single currency, the Euro. The report proposed to introduce the Euro in three phases:
|• In May 1998, in accordance with the procedure laid down in the Maastricht Treaty, the countries, which were to take part in the first wave of the EMU (European Monetary Union), were announced.|
|• On 1st January 1999, EMU will effectively start among the countries concerned, with the rates of conversion between the Euro and the participating currencies being irrevocably fixed.|
|• On 1st January 2002, the introduction of the new bank notes and coins will signal the final conversion to the Euro as the single currency of the countries taking part in EMU.|
The reason for calculators like the €-line from Texas Instruments is that the Euro was formed by merging eleven national currencies at fixed exchange rates on 1.1.1999. They will persist in visible form (notes and coins) for three years until the final changeover on 1 January 2002. Therefore conversions between national currencies in the Euro are not like normal exchange rates with variable rates; they are simply a different measurement of the same underlying entity, just like pounds and kilograms are different scales of measurement of weight. They have fixed six-digit conversion rates (not "exchange" rates). And because of the three-year transition period, economic entities must be able to handle both kinds of money from those they deal with.
more about the Euro
|CC1||Reserved for the other|
|CC2||countries in EC not taking|
|CC3||part of the EMU|
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© Joerg Woerner, January 21, 2002. No reprints without written permission.