Understanding the euro dollar rate, often represented as EUR/USD, is crucial for businesses, travelers, and anyone involved in international finance. This exchange rate reflects the value of the euro in relation to the US dollar and is a key indicator in the global foreign exchange market. Monitoring the Taux Euro Dollar provides insights into the economic health of the Eurozone and the United States, influencing investment decisions and trade balances.
The European Central Bank (ECB) plays a vital role in providing transparency to this market by publishing daily euro foreign exchange reference rates. These rates are typically updated around 16:00 CET every working day, except on TARGET closing days. The rates are based on a daily concertation procedure among European central banks, usually taking place around 14:10 CET. It’s important to note that these reference rates are published for informational purposes only, and using them for transaction purposes is strongly discouraged.
Below, you’ll find the latest reference rates against the euro, providing a snapshot of the taux euro dollar and other major currencies as of 28 February 2025.
It is also important to note that due to ongoing market conditions in the EUR/RUB market, the ECB has suspended the publication of the euro reference rate for the Russian rouble. This suspension has been in effect since March 1, 2022, reflecting the challenges in determining a representative exchange rate under current trading activity.
For users seeking more detailed information and historical data, the ECB provides several resources.
Accessing Historical Data and More
To delve deeper into euro dollar rate trends and access historical data, the ECB offers the following resources:
- Latest reference rates: Download the latest rates in various formats
- Specific day exchange rates: Download PDF reports for exchange rates on a specific date
- Time series data: Access time series data for bilateral exchange rates via the ECB Data Portal – CSV files are available for import into spreadsheet software, ensure your settings use a dot “.” as a decimal separator.
These resources provide comprehensive access to taux euro dollar and other exchange rate data, directly from the authoritative source, the European Central Bank. Remember, while these rates are valuable for informational purposes, always consult financial professionals before making transactions based on these figures.
