Euro Dollar Exchange Rate: Understanding the Cours Euro Dollar
The European Central Bank (ECB) publishes daily reference rates for the euro against various global currencies. These rates, also known as the “Cours Euro Dollar” when referring to the euro against the US dollar, are determined through a concertation process involving central banks across Europe. This process typically occurs around 2:10 PM CET, and the reference rates are subsequently published around 4:00 PM CET each working day, excluding TARGET closing days. These published rates serve informational purposes only and should not be used for transactions. The euro serves as the base currency, with all other currencies quoted against it. For example, a cours euro dollar of 1.0377 indicates that 1 euro can be exchanged for 1.0377 US dollars.
The daily fluctuation of the cours euro dollar and other currency pairs reflects the dynamic nature of the foreign exchange market. Various economic and political factors can influence these rates, including interest rate differentials, economic growth prospects, and geopolitical events. Understanding these factors is crucial for businesses and investors involved in international trade and finance. The ECB provides historical data and charts, allowing for analysis of trends and patterns in the euro dollar exchange rate.
On February 7, 2025, the cours euro dollar was reported as 1.0377. This represents a snapshot of the exchange rate at a specific point in time. It’s important to note that the exchange rate can fluctuate throughout the day, influenced by real-time market activity. Other notable exchange rates on that day included the euro against the Japanese yen at 157.77 and the euro against the British pound at 0.83353.
Due to ongoing market instability, the ECB has temporarily suspended the publication of the euro reference rate for the Russian ruble. The last published rate for this currency pair was on March 1, 2022. This decision underscores the challenges in establishing a representative reference rate amidst volatile market conditions. The suspension will remain in effect until further notice.
The ECB offers comprehensive resources related to exchange rates, including historical data, charts, and explanatory materials. These resources can be accessed through their official website and data portal. Users can download daily reference rates in PDF format and access time series data for more in-depth analysis. When importing CSV files of this data, it’s essential to configure the spreadsheet software to use a dot “.” as the decimal separator.
The ECB encourages users seeking further understanding of exchange rates to explore their educational materials, including explainers on the role of exchange rates in the economy. These resources are designed to provide accessible information for a broader audience.