LONDON : The euro rose sharply against the dollar on Friday at the end of a turbulent year for the eurozone and as Estonia prepared to become the latest country to adopt the single currency.
The euro jumped to 1.3354 dollars in morning trade here from 1.3286 dollars late in New York on Thursday.
The dollar dropped to 81.39 yen from 81.55 yen on Thursday.
At the stroke of midnight in Estonia, along with ringing in the new year the nation of 1.3 million bids farewell to its kroon, adopted in 1992 to replace the Soviet ruble, and becomes the eurozone's 17th member.
It is a move pitched by the government as economic good sense despite the eurozone's turmoil, but which has won only a muted welcome from the Baltic state's public.
Opponents of the switch plastered the EU Baltic state's capital Tallinn with posters on Friday.
"Estonia! Welcome to the Titanic!", read posters euro opponents fixed to garbage cans in central Tallinn, highlighting the debt and deficit crises which have plagued eurozone members Greece, Ireland, Portugal and Spain.