Understanding the Euro Price: Daily Reference Rates and Foreign Exchange

The European Central Bank (ECB) publishes daily reference rates for the euro against various global currencies. These Euro Prices are determined through a concertation process with central banks across Europe, typically around 14:10 CET. The rates are then updated and released around 16:00 CET each working day, with the exception of TARGET closing days. These published euro prices serve solely as informational benchmarks and are not recommended for transaction purposes. Using these euro price indicators for actual transactions is strongly discouraged.

The euro (EUR) serves as the base currency, with all other currencies quoted against it. This provides a clear picture of the euro price relative to a broad range of international currencies, facilitating comparisons and analysis of euro foreign exchange fluctuations. The daily fluctuations in these euro prices reflect the dynamics of the global currency market and various economic factors influencing exchange rates.

For instance, on February 7, 2025, the euro price against the US dollar (USD) was 1.0377. This means that 1 euro could be exchanged for 1.0377 US dollars. Similarly, the euro price against the Japanese Yen (JPY) was 157.77, indicating the relative value of the euro in the Japanese market. These euro prices provide a snapshot of the currency’s strength and purchasing power on a given day.

This table of euro prices includes a wide array of currencies, from major global players like the British Pound (GBP) and the Chinese Yuan Renminbi (CNY) to those of emerging markets such as the Brazilian Real (BRL) and the South African Rand (ZAR). Each euro price reflects the complex interplay of economic forces, political events, and market sentiment that affect currency valuations. Understanding these euro prices is crucial for businesses, investors, and individuals engaged in international trade and finance.

Due to ongoing market volatility and trading challenges in the EUR/RUB market, the ECB has temporarily suspended the publication of the euro reference rate for the Russian Ruble (RUB). This decision reflects the difficulty in establishing a reliable and representative euro price for the ruble under current market conditions. The last published euro price for the RUB was on March 1, 2022. This underscores the dynamic nature of currency markets and the challenges in maintaining stable and transparent euro price benchmarks in times of uncertainty.

The ECB offers comprehensive historical data and time series for euro exchange rates through its data portal. This resource provides access to detailed information on past euro prices, enabling in-depth analysis of long-term trends and historical performance. This data allows users to track the evolution of euro prices over time, identify patterns, and gain a deeper understanding of the factors that influence the currency’s value. Downloading these datasets allows for customized analysis and integration with other financial data.

While the reference rates provide a valuable overview of the daily euro price, it’s important to remember that they are not real-time market rates. Actual transaction rates can vary depending on the specific financial institution, trading platform, and prevailing market conditions. For transactions involving euro exchange, consulting with financial professionals or utilizing real-time market data sources is essential. The ECB data portal provides valuable context for understanding the broader trends in euro price fluctuations.