Euro to Dollar Conversion: Understanding the European Commission’s Exchange Rates

The European Commission publishes official monthly accounting rates for the euro and other currencies. These rates, established by the Accounting Officer in accordance with Article 19 of the Financial Regulation, are crucial for calculating reimbursements for expenses, travel, and subsistence costs for external participants in Commission-requested activities.

This online tool allows users to access monthly currency conversion rates, including euro to dollar conversion, dating back to 1994. These historical rates provide valuable context for understanding currency fluctuations over time. The Commission utilizes market rates from the second to last day of the preceding month, sourced from the European Central Bank or, when unavailable, from delegations or reliable sources close to that date.

InforEuro expands upon this by offering rates for both current and obsolete currencies, encompassing countries within and outside the European Union. This comprehensive database facilitates historical analysis of currency conversions against the euro (and the ecu prior to December 1998), available in downloadable electronic format from March 1994.

While this euro to dollar conversion tool and the broader InforEuro database offer valuable information, it’s essential to understand their limitations. The data is purely informational and intended for EU budget implementation. The European Commission provides no guarantee of accuracy and assumes no liability for any reliance on the published rates. This resource doesn’t confer any user rights, and general inquiries about the data will not be addressed. For specific questions regarding EU budgetary procedures, contacting the treasury department is recommended.

For more detailed information regarding the euro itself, its history, and its role within the European Union, consult the official EU website dedicated to the currency.