The new exchange rate was specified in the CBBH law at exactly the same rate as the DM had been linked to the euro. i.e., 1KM = 0.51129 euros. This means that the exchange rate of the KM has been unchanged since the CBBH commenced its operations.
The transition from the DM to the euro as the anchor currency went very smoothly and the impacts on the KM and the currency board were very positive.