The foreign exchange rate of the euro is a critical benchmark in international finance, reflecting the euro’s value against other world currencies. These rates are essential for businesses, travelers, and anyone involved in international transactions. The European Central Bank (ECB) plays a vital role in providing transparency and reliable information on these rates through daily reference rates.
These reference rates, typically updated around 4:00 PM Central European Time (CET) on every working day, excluding TARGET closing days, are derived from a daily concertation procedure involving central banks across Europe, usually around 2:10 PM CET. It’s important to note that these rates are published for informational purposes only. While they offer valuable insights into currency valuations, their use for transaction purposes is strongly discouraged by the ECB.
Euro Exchange Rates on 28 February 2025
Below are the euro foreign exchange reference rates as of February 28, 2025. All currencies are quoted against the euro, which serves as the base currency.
This table provides a snapshot of the euro’s value against a wide array of global currencies. For example, the rate for USD indicates how many US dollars one euro could buy on this particular day. Similarly, the JPY rate shows the euro’s value in Japanese yen. These rates fluctuate based on various economic factors and market dynamics, making it essential to consult the most recent updates for accurate information.
Image alt text: Chart illustrating Japanese Yen to Euro exchange rate fluctuations.
Important Notice Regarding EUR/RUB
Due to ongoing market conditions affecting EUR/RUB trading, the European Central Bank has suspended the publication of the euro reference rate for the Russian ruble. This suspension, effective since March 1, 2022, reflects the ECB’s inability to establish a representative reference rate under the current circumstances. Users should be aware that a euro reference rate for the Russian ruble is not currently available from the ECB.
Accessing Historical Data and Further Information
For those needing more detailed information, the ECB provides several resources:
- Latest Reference Rates: Links to the most recent daily rates are readily available on the ECB website.
- Downloadable Data: Users can download exchange rates for specific days in PDF format for record-keeping or offline access.
- Time Series Data: For in-depth analysis, CSV files containing historical time series data are available for import into spreadsheet software. Ensure your software uses a dot “.” as a decimal separator for compatibility.
For expert-level data and more extensive datasets, the ECB Data Portal offers comprehensive time series for bilateral exchange rates. This resource is invaluable for researchers, financial professionals, and anyone requiring detailed historical exchange rate data.
Furthermore, for those seeking to understand the broader context and significance of exchange rates, the ECB provides an explainer titled “What is the role of exchange rates?”. This resource offers valuable insights into the function and importance of exchange rates in the global economy.
By providing these reference rates and related resources, the European Central Bank aims to enhance transparency and understanding of the euro’s foreign exchange dynamics. While these rates are indicative and for informational use, they serve as a crucial benchmark for monitoring currency valuations and economic trends.
