Euro Rate
The Euro Rate, also known as the euro exchange rate, is the value of the euro compared to other currencies. These rates fluctuate constantly due to various market factors. The European Central Bank (ECB) publishes daily reference rates for the euro against a basket of currencies. These euro foreign exchange reference rates are typically updated around 4 PM Central European Time (CET) each working day, with the exception of TARGET closing days.
The daily concertation procedure between central banks across Europe, usually occurring around 2:10 PM CET, forms the basis for these reference rates. It’s important to note that the published euro rates are for informational purposes only. Using them for transaction purposes is strongly discouraged as they might not reflect real-time market values.
The euro rate plays a crucial role in international trade and finance. It impacts the cost of goods and services, investment decisions, and the overall economic performance of the Eurozone. Understanding the euro rate and its fluctuations is vital for businesses, investors, and travelers.
For example, a stronger euro rate makes imports cheaper for Eurozone countries but can make exports more expensive. Conversely, a weaker euro can boost exports but increase the cost of imported goods. These fluctuations can significantly impact inflation, economic growth, and employment.
The ECB’s decision to suspend the publication of the euro reference rate for the Russian rouble highlights the impact of geopolitical events on currency markets. The ongoing conflict has created significant volatility and uncertainty in the EUR/RUB market, making it difficult to establish a representative reference rate. The last published EUR/RUB reference rate was on March 1, 2022. This suspension underscores the importance of monitoring global events and their potential effects on euro exchange rates.
The table below provides an example of euro reference rates against various currencies. This data is from February 7, 2025, and serves as an illustration of the daily publication.
| Currency | Spot | Euro Rate |
|---|---|---|
| US dollar | USD | 1.0377 |
| Japanese yen | JPY | 157.77 |
| Bulgarian lev | BGN | 1.9558 |
| Czech koruna | CZK | 25.108 |
| Danish krone | DKK | 7.4600 |
| Pound sterling | GBP | 0.83353 |
| Hungarian forint | HUF | 405.55 |
| Polish zloty | PLN | 4.1985 |
| Romanian leu | RON | 4.9768 |
| Swedish krona | SEK | 11.2865 |
| Swiss franc | CHF | 0.9418 |
| Icelandic krona | ISK | 146.60 |
| Norwegian krone | NOK | 11.6250 |
| Turkish lira | TRY | 37.3344 |
| Australian dollar | AUD | 1.6525 |
| Brazilian real | BRL | 5.9857 |
| Canadian dollar | CAD | 1.4883 |
| Chinese yuan renminbi | CNY | 7.5634 |
| Hong Kong dollar | HKD | 8.0828 |
| Indonesian rupiah | IDR | 16933.08 |
| Israeli shekel | ILS | 3.6872 |
| Indian rupee | INR | 90.8135 |
| South Korean won | KRW | 1501.65 |
| Mexican peso | MXN | 21.2827 |
| Malaysian ringgit | MYR | 4.6074 |
| New Zealand dollar | NZD | 1.8287 |
| Philippine peso | PHP | 60.190 |
| Singapore dollar | SGD | 1.4021 |
| Thai baht | THB | 34.924 |
| South African rand | ZAR | 19.1225 |
Historical euro rate data is available in various formats, including CSV files for spreadsheet analysis. When importing these files, ensure your spreadsheet software uses a dot “.” as the decimal separator for accurate interpretation. The ECB data portal provides access to comprehensive time series data for bilateral euro exchange rates, facilitating in-depth analysis and research. This data can be valuable for understanding long-term trends and patterns in the euro’s value.