Language and the euro it is actually written on the euro notes in Greek as . Also, the spelling (resulting in a plural ) on the notes could have confused other Europeans, who might read it as a string of Latin letters: "eypo". A plural form "evra", as if from a regular declinable neuter noun in "-o", is sometimes used in a jocular way. For the cent, the terms used in Greece are , plural ("leptó", plural "leptá"), a name used for small denominations of various ancient and modern Greek currencies, including the drachma (which the euro replaced). The word means 'minute' (literally "thin"),
Euro Currency Index Euro Currency Index (ECX, also EURX or EXY) was launched on 13 January 2006 by the New York Board of Trade (NYBOT) and calculated back to 2001. In 2007, the IntercontinentalExchange (ICE) based in Atlanta (USA) changed the name of the stock exchange in IntercontinentalExchange The index was a ratio that compared the value of the Euro by a currency basket of five currencies: US-Dollar (31.55 percent), British Pound (30.56 percent), Japanese Yen (18.91 percent), Swiss Franc (11.13 percent) and Swedish Krona (7.85 percent). The ECX was the geometrically weighted average compared to these currencies. The formula for the calculation