Euro Rates
The European Central Bank (ECB) publishes daily reference rates for the euro against various currencies. These Euro Rates are usually updated around 4 PM Central European Time (CET) each working day, except for TARGET closing days.
The daily euro foreign exchange reference rates are determined through a concertation procedure between central banks across Europe, typically around 2:10 PM CET. These rates are published for informational purposes only. Using them for transaction purposes is strongly discouraged. The ECB provides these euro rates as a benchmark, but actual market rates can fluctuate and differ from the published figures.
The euro serves as the base currency, meaning all other currencies are quoted against it. For example, a euro rate of 1.0377 for the US dollar (USD) means that 1 euro can be exchanged for 1.0377 US dollars. A table listing these exchange rates is published daily, providing a snapshot of the euro’s value against a basket of global currencies.
Due to ongoing market volatility and trading activity in the EUR/RUB market, the ECB has suspended the publication of the euro reference rate for the Russian rouble. This decision reflects the difficulty in establishing a representative rate amidst current market conditions. The last published EUR/RUB reference rate was on March 1, 2022. This suspension underscores the importance of relying on real-time market data for transactions involving the Russian rouble and highlights the impact of geopolitical events on euro rates.
The ECB offers downloads of historical euro rates data in various formats, including PDF files for specific dates and comprehensive time series data in CSV format. These resources enable users to analyze trends and conduct research on euro exchange rate fluctuations over time. To ensure compatibility, CSV files should be imported into spreadsheets using settings that recognize a dot “.” as the decimal separator. This detailed historical data provides valuable context for understanding current euro rates.
The ECB’s data portal provides access to a wealth of information, including time series data for bilateral exchange rates. This comprehensive resource allows for in-depth analysis of euro rate fluctuations against individual currencies, facilitating a more nuanced understanding of market dynamics. This allows users to track historical trends and analyze the performance of the euro against specific currencies.