December 31: Hogmanay in Scotland
- 405 or 406 – The Vandals, Alans and Suebians crossed the Rhine River to begin an invasion of Gaul.
- 1857 – Queen Victoria selected Ottawa, then a small logging town, to be the capital of the British colony of Canada.
- 1907 – Times Square in New York City held its first New Year's Eve celebrations with the ball drop (2008 version pictured).
- 1972 – Puerto Rican baseball player Roberto Clemente died in a plane crash en route to deliver aid to victims of the Nicaragua earthquake.
- 1998 – The European Exchange Rate Mechanism froze the values of the legacy currencies in the Eurozone and established the value of the euro currency.
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