The symbol, an E epsilon with a double bar:

The subdivision: the cent (one hundredth of Euro)
Name which was retained with the informal council of Economy and Treasury Ministers of Verona in April 1996, to indicate the subdivision of the euro.

The method of round off

The amounts in euros are rounded-off with the "hundredth" nearest superior or inferior.

Examples:

The amounts in national monetary units are rounded with the "subdivision" of the nearest national monetary unity (the cent).

Examples:

Notice: The round-off of the intermediate amount that results from conversion from one national currency of the euro zone towards another national currency of the euro zone will be carried out to three decimals. Any other method is excluded except if it gives the same results.

Conversions followed by a conversion reverse

The objective of this double conversion is to obtain the amount of the origin. Two cases can arise:

Francs - - : Euro - - : Francs

This double conversion can reveal a variation of conversion of ± 3 cents between the origin amount and the final amount. This variation is legally authorized when it did not exceed these limits.

Example:

• 2545.35 F ÷ 6.55957 = 388.036106, rounded to 388.04
• 388.04 X 6.55957 = 2545.37554 F, rounded -off with 2545.38 F

One observes a variation of + 3 cents (this variation is authorized).

Euro > Francs > Euro

This double conversion makes it possible to find the origin amount rigorously. It did not have difference between the origin amount and the final amount.

Example:

• 1562 X 6.55957 = 10246.04834 F, round -off with 10246.05 F
• 10246.05 ÷ 6.55957 = 1562.000253, rounded to 1562