CSE euro conversion rate fixed at 0.5766

The Cyprus Stock Exchange announced that the Cyprus pound to euro conversion rate has been fixed at 0.5766 euros per CYP, which is the official mid-price of the pair as fixed on Wednesday 25 October.

According to the ruling, the closing price of all shares and warrants trading on the CSE on October 25 have been converted into euros at the official rate of 0.5766, with the exception of corporate and government bonds, which will continue to be quoted in local currency.

The CSE also announced that all closing prices will be rounded to 2 points and the euro prices to emerge from the conversion will become the starting prices of the titles when the new trading system, OASIS, is launched on October 30.

The starting prices to be used in the OASIS system will be announced before the official launch.