Understanding the euro dollar exchange rate is crucial for businesses, travelers, and anyone involved in international finance. This rate, representing the value of the euro against the US dollar (EUR/USD), fluctuates constantly due to a myriad of economic factors. Monitoring these changes is essential for making informed financial decisions. The European Central Bank (ECB) provides daily euro foreign exchange reference rates, offering a benchmark for this dynamic market.
Understanding the Euro to Dollar Exchange Rate
The euro to dollar exchange rate (EUR/USD) indicates how many US dollars are needed to buy one euro. For example, if the EUR/USD rate is 1.05, it means one euro can be exchanged for 1.05 US dollars. This rate is influenced by various economic indicators, including interest rates, inflation, economic growth, and geopolitical events in both the Eurozone and the United States. As the world’s two largest economies, the euro and the dollar are closely watched, and their exchange rate is a key indicator of global economic health.
Today’s Euro Foreign Exchange Reference Rates (February 28, 2025)
Below are the latest euro foreign exchange reference rates against a range of global currencies, as provided by the ECB. These rates are updated daily and are based on a concertation procedure between central banks across Europe.
| Currency | Currency Name | Spot Rate | Chart |
|---|---|---|---|
| USD | US dollar | 1.0411 | |
| JPY | Japanese yen | 156.96 | |
| BGN | Bulgarian lev | 1.9558 | |
| CZK | Czech koruna | 25.029 | |
| DKK | Danish krone | 7.4583 | |
| GBP | Pound sterling | 0.82608 | |
| HUF | Hungarian forint | 399.50 | |
| PLN | Polish zloty | 4.1503 | |
| RON | Romanian leu | 4.9768 | |
| SEK | Swedish krona | 11.1880 | |
| CHF | Swiss franc | 0.9394 | |
| ISK | Icelandic krona | 145.70 | |
| NOK | Norwegian krone | 11.7245 | |
| TRY | Turkish lira | 38.0186 | |
| AUD | Australian dollar | 1.6741 | |
| BRL | Brazilian real | 6.0712 | |
| CAD | Canadian dollar | 1.5019 | |
| CNY | Chinese yuan renminbi | 7.5782 | |
| HKD | Hong Kong dollar | 8.0980 | |
| IDR | Indonesian rupiah | 17228.17 | |
| ILS | Israeli shekel | 3.7457 | |
| INR | Indian rupee | 90.9710 | |
| KRW | South Korean won | 1519.92 | |
| MXN | Mexican peso | 21.2191 | |
| MYR | Malaysian ringgit | 4.6459 | |
| NZD | New Zealand dollar | 1.8579 | |
| PHP | Philippine peso | 60.355 | |
| SGD | Singapore dollar | 1.4037 | |
| THB | Thai baht | 35.567 | |
| ZAR | South African rand | 19.1917 |
Please note: The euro dollar exchange rate and all reference rates are for informational purposes only. Using these rates for transactional purposes is strongly discouraged.
Important Information about ECB Reference Rates
The ECB usually updates these reference rates at approximately 16:00 CET every working day, except on TARGET closing days. The rates are determined through a daily concertation procedure among central banks across Europe, typically around 14:10 CET.
Currently, due to trading activity in the EUR/RUB market, the ECB has suspended the publication of the euro reference rate for the Russian ruble. This suspension is in place until further notice, with the last EUR/RUB reference rate published on March 1, 2022.
Accessing Historical Data
For those needing more than just today’s rates, the ECB Data portal provides extensive time series data for bilateral exchange rates. This resource is invaluable for analyzing trends and historical euro dollar exchange rate fluctuations and other currency pairings.
Explore Time Series Data: ECB Data portal – Time series for bilateral exchange rates
Learn More about Exchange Rates: What is the role of exchange rates? (ECB Explainer)
