Navigating currency exchange rates, especially when dealing with international finance or the European Union, can be complex. The European Commission provides a valuable tool: a static currency converter offering official monthly accounting rates for the euro and other currencies. This converter is crucial for anyone needing accurate and reliable Euros Conversion data, particularly in the context of EU budgets and reimbursements.
This tool, managed by the Accounting Officer of the European Commission, adheres to Article 19 of the Financial Regulation, ensuring its rates are officially recognized. Primarily, these rates facilitate the calculation of expenses, travel allowances, and subsistence costs for external individuals participating in European Commission meetings and related activities. However, its utility extends beyond official use, offering general users access to monthly currency conversion rates dating back to 1994.
The exchange rates provided are market rates sourced from the European Central Bank (ECB). Specifically, they reflect the rates from the second to last day of the preceding month. In cases where ECB data isn’t available, rates are obtained from delegations or other dependable sources close to that date, ensuring comprehensive coverage. InforEuro, the provider, delivers rates for both current and historical currencies, encompassing countries within and outside the European Union. For each currency, the converter details the historical conversion rates against the euro, or against the ecu for periods before December 1998. This wealth of historical data is accessible in downloadable electronic files, starting from March 1994.
It’s crucial to understand the intended purpose of this information. The European Commission explicitly states that the data provided is strictly for informative use and specifically for the implementation of the EU budget. While every effort is made to ensure accuracy, the Commission provides no warranty regarding the rates’ precision and disclaims any responsibility for their use. This publication is for information only and does not grant users any rights. General public inquiries are also not addressed, emphasizing its focused application.
For specific inquiries or further details, the European Commission provides a contact email: tresorerieec [dot] europa [dot] eu (tresorerie[at]ec[dot]europa[dot]eu). For broader information about the euro, the European Union offers additional resources at More information on the euro.
In conclusion, the European Commission’s currency converter is a powerful resource for understanding euros conversion and accessing official historical exchange rates. While primarily designed for EU budget administration, it serves as a valuable reference for anyone needing reliable euros conversion data and insights into historical currency values against the euro. Remember to use this tool as an informative guide, keeping in mind its official purpose and the disclaimers provided by the European Commission.
