From January 1, 2023, the euro will be introduced as the official currency in the Republic of Croatia, and from that date it will completely replace the Croatian kuna as the currency in which business transactions and business events are reported.
In the period of dual disclosure, which lasts from September 5, 2022, until December 31, 2023, the company FARVE PRO INVEST dually discloses prices for investment funds under management.
In the event of dual price reporting, the method of conversion from the national currency (HRK) to the euro (EUR) is prescribed by the Law on the introduction of the euro as the official currency in the Republic of Croatia. Prices expressed in kunas are converted into euros using a fixed conversion rate of 7.53450 HRK for 1 EUR.