Current Euro Exchange
The European Central Bank (ECB) publishes daily reference rates for the euro against various global currencies. These Current Euro Exchange rates are typically updated around 4 PM Central European Time (CET) each working day, with the exception of TARGET closing days.
The rates are determined through a daily concertation procedure involving central banks across Europe, usually taking place around 2:10 PM CET. These published rates serve informational purposes only. The ECB strongly discourages using these reference rates for actual transaction purposes. The current euro exchange rates should be viewed as a snapshot of the market and not a guarantee of trading prices.
As of February 7, 2025, the current euro exchange rates against a basket of currencies were as follows: US dollar (USD) at 1.0377, Japanese yen (JPY) at 157.77, British pound (GBP) at 0.83353, and many others. The full table provides a broader view of the current euro exchange rate landscape.
Due to ongoing market volatility and trading activity in the EUR/RUB market, the ECB has temporarily suspended publication of the euro reference rate for the Russian rouble. This decision reflects the difficulty in establishing a representative rate that accurately reflects prevailing market conditions. The last published EUR/RUB reference rate was on March 1, 2022. This highlights the dynamic nature of the current euro exchange rate and the impact of geopolitical events on currency valuations.
The ECB offers comprehensive historical data and time series for bilateral exchange rates through its Data Portal. This resource allows users to access a wealth of information on past euro exchange rate fluctuations and trends. Understanding these historical trends can provide valuable context for interpreting the current euro exchange rate.
For those seeking further information on the role and significance of exchange rates, the ECB provides educational resources. These resources explain fundamental concepts and the broader economic impact of currency fluctuations. Understanding the forces driving the current euro exchange rate is crucial for businesses and individuals engaged in international transactions.
The ECB makes this data readily accessible through various download options, including PDFs for specific dates and CSV files for time series analysis. When importing CSV files, users should ensure their spreadsheet software uses a dot “.” as the decimal separator for accurate data interpretation. This ensures compatibility and prevents errors when analyzing the current euro exchange rate data.