Navigating currency exchange rates can be complex, especially when dealing with international transactions or understanding financial reports. For those needing reliable and official figures, particularly in the context of the European Union, understanding the euro conversion rate is crucial. The European Commission provides official monthly accounting rates for the euro, essential for various financial operations within the EU framework. This resource serves not only EU institutions but also offers valuable data for general users seeking historical currency conversion information.
These official euro conversion rates are meticulously established by the Accounting Officer of the European Commission, adhering to Article 19 of the Financial Regulation. Primarily, these rates are employed to calculate reimbursements for expenses, travel, and subsistence costs incurred by external individuals participating in European Commission meetings and related activities. This ensures financial transparency and accuracy in EU operations.
Beyond their internal use, the European Commission makes this conversion tool available to the public. Whether you are tracking historical financial data or simply need to convert currencies against the euro for past months dating back to 1994, this platform provides a comprehensive resource. It offers monthly currency conversion rates, allowing users to access data from the current month all the way back to March 1994.
The rates themselves are derived from the market rates observed on the second to last day of the preceding month. The primary source for these figures is the European Central Bank (ECB), ensuring alignment with major financial benchmarks. In situations where ECB data is unavailable, alternative reliable sources such as EU delegations are consulted to maintain accuracy and consistency.
InforEuro’s converter extends its utility by providing rates for both current and historical currencies, encompassing countries within and outside the European Union. For every currency listed, users can find historical conversion rates against the euro, and prior to 1999, against the ecu. These extensive exchange rate datasets are accessible in downloadable electronic formats from March 1994 onwards, facilitating in-depth analysis and record-keeping.
It is important to note that the information provided on this platform is strictly for informational purposes. It is specifically intended to support the implementation of the EU budget. While every effort is made to ensure accuracy, no warranty is provided regarding the correctness of the published rates. The European Commission explicitly disclaims any responsibility concerning the rates and emphasizes that this publication does not grant users any legal rights. General public inquiries are also not addressed through this service, underscoring its focused purpose.
For any further detailed information or specific queries, the European Commission provides a contact email: tresorerieec [dot] europa [dot] eu (tresorerie[at]ec[dot]europa [dot] eu).
For those seeking broader information about the euro and its role within the European Union, additional resources are available at More information on the euro. This ensures users have access to both specific conversion rates and comprehensive background on the euro currency.
