The process of the ratification of European Union’s constitution by the member countries is going on these days. What effect the process has brought on the EURO ?(Pick up the correct statement)

EURO is in very strong position as 15 out of 25 members have already ratified the constitution

EURO’S conversion rate has remained always high as compared to Yen Pound and Sterling, through only 8 out of 25 members have ratified the constitution

EURO had a share fall in the market assailed by the doubts over the fate of the ratification of the constitution

EURO’s position in market is such that it can never go down as it is the second best currency for international trade in the market. Ratification of the constitution is only a formality to make it fully convertible in some countries where it is not so uptill now

None of these