Membership of the Exchange Rate Mechanism ( ERM ) Membership since Devaluation of bilateral central rate on country 's own initiative Maximum upward (+) and downward (-) deviations from central rates in the ERM grid (%) against ( a ) Belgian franc Danish krone Deutsche Mark Spanish peseta Irish pound Italian lira Dutch guilder Austrian schilling Portuguese escudo Finnish markka
Medlemsskab af ERM Medlem siden Devaluering af bilateral centralkurs på landets eget initiativ Maksimal afvigelse opad (+) og nedad (-) fra centralkurserne i ERM-båndet , pct . mod ( a ) Belgiske franc Danske kroner D-mark Spanske pesetas Irske pund Italienske lire Hollandske gylden Østrigske schilling Portugisiske escudo s Finske mark