Navigating currency exchange rates, especially when dealing with international finance or budgeting, requires reliable and up-to-date information. For those needing to Convert Euros, particularly in the context of European Union finances, the European Commission provides an official currency converter tool. This resource offers the European Commission’s official monthly accounting rate for the euro, alongside conversion rates established by the Accounting Officer, as mandated by article 19 of the Financial Regulation.
This converter is primarily designed to calculate reimbursements for expenses, travel, and subsistence costs for external individuals participating in European Commission meetings and interviews. However, its utility extends beyond this specific purpose. General users can also leverage this tool to access monthly currency conversion rates dating back to 1994. This makes it a valuable resource for anyone needing historical exchange rate data involving the euro.
The exchange rates provided are market rates from the second to last day of the preceding month. These figures are sourced from the European Central Bank (ECB), ensuring accuracy and alignment with established financial benchmarks. In cases where ECB data isn’t available, rates are obtained from delegations or other reputable sources close to that date, maintaining the reliability of the conversion tool.
InforEuro, the provider of this tool, offers rates for both current and historical currencies, encompassing countries within and outside the European Union. For each currency, users can find historical conversion rates against the euro, and prior to 1999, against the ecu. These comprehensive exchange rate records are conveniently available in downloadable electronic formats, starting from March 1994.
It is crucial to understand that the information provided by this European Commission currency converter is strictly for informational purposes. It is specifically intended for the implementation of the EU budget. While every effort is made to ensure accuracy, no warranty is provided regarding the rates published. The European Commission explicitly disclaims any responsibility in connection with these rates. Furthermore, this service does not grant users any rights, and general public inquiries are not addressed.
For specific queries related to the tool or its data, you can reach out via email at tresorerieec [dot] europa [dot] eu.
For broader information about the euro and its role within the European Union, further resources are available.
