 This implies it is required to trade within 2.25% either side of a specified rate of 1 euro equal to 7.46038 kroner (making the lower rate 7.29252 and the upper rate 7.62824).This band, 2.25%, is narrower than the 15% band used for most ERM II members.However, the exchange rate has kept within 0.5% of the defined rate, even less than the set limits.