The euro foreign exchange reference rates are updated daily at approximately 16:00 CET on working days, except for TARGET closing days. These rates are derived from a daily concertation procedure among European central banks, typically around 14:10 CET. It’s important to note that these reference rates are published for informational purposes only and should not be used for transactional purposes.
Daily Euro Exchange Rate – 28 February 2025
Below are the currencies quoted against the euro (base currency) for 28 February 2025.
| Currency | Name | 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 |
Understanding Euro Valuation
Euro valuation is a critical concept in international finance, reflecting the euro’s worth relative to other global currencies. These valuations are essential for businesses engaged in international trade, travelers planning trips, and investors managing global portfolios. The European Central Bank (ECB) plays a crucial role in providing transparency in euro valuation by publishing daily reference exchange rates.
Daily Updates and Data Source
The ECB updates these euro exchange rates around 4 PM Central European Time (CET) each working day. This update excludes TARGET closing days, ensuring consistent availability of data on regular business days. The rates are based on a concertation procedure involving central banks across Europe, which occurs earlier in the afternoon, around 2:10 PM CET. This collaborative approach ensures the rates are reflective of the broader European financial landscape.
Using Reference Rates Responsibly
It is vital to understand that the euro reference rates provided by the ECB are strictly for informational purposes. While they offer a valuable snapshot of euro valuation against other currencies, the ECB explicitly discourages using these rates for transaction purposes. Real-time exchange rates can fluctuate throughout the day, and using the reference rate for transactions may not reflect the actual market rate at the time of the transaction. For actual transactions, it’s advisable to consult real-time market data or financial institutions directly.
Euro Valuation and Market Dynamics
The valuation of the euro, like any currency, is influenced by a multitude of factors. These can include economic indicators such as inflation rates, GDP growth, and employment figures within the Eurozone and in other economies. Geopolitical events, shifts in monetary policy by central banks (including the ECB), and overall market sentiment also play significant roles. Monitoring the euro valuation trends can provide insights into the economic health of the Eurozone and its trading partners.
Suspension of EUR/RUB Reference Rate
Due to the ongoing market conditions affecting EUR/RUB trading, the ECB has suspended the publication of the euro reference rate for the Russian ruble. This suspension, effective since March 1, 2022, reflects the ECB’s assessment that it cannot currently set a reference rate that accurately represents prevailing market conditions for this currency pair.
Accessing Historical Data and Further Information
For those needing historical data, the ECB provides access to time series for bilateral exchange rates through its ECB Data portal. This resource allows users to download data in CSV format, compatible with spreadsheet software, using a dot “.” as a decimal separator (UK or US format). For a broader understanding of exchange rates, the ECB also offers explainer resources, such as “What is the role of exchange rates?“.
Stay Informed on Euro Valuation
Keeping track of euro valuation is essential in today’s globalized economy. The ECB’s daily reference rates provide a reliable benchmark for understanding the euro’s standing against other currencies. By regularly consulting these rates and understanding their context, individuals and businesses can make more informed decisions in their financial activities.
