Understanding the foreign exchange rate of the euro is crucial for businesses, travelers, and anyone involved in international finance. The European Central Bank (ECB) publishes daily reference rates for the euro against a range of major world currencies. These rates, though purely for informational purposes, offer a valuable benchmark for understanding currency valuations.
The euro foreign exchange reference rates are typically updated around 4:00 PM Central European Time (CET) on every working day, except on TARGET closing days. This timing follows a daily concertation procedure among European central banks, which usually takes place around 2:10 PM CET. It’s important to note that while these rates are publicly available, the ECB strongly discourages their use for transactional purposes. They serve as a guide to market trends rather than definitive exchange rates for trading.
March 3, 2025: Euro Reference Rates
Below are the foreign exchange reference rates for the euro as of March 3, 2025. All currency values are quoted against the euro, which acts as the base currency.
| Currency | Currency Name | Spot Rate | Chart |
|---|---|---|---|
| USD | US Dollar | 1.0465 | |
| JPY | Japanese Yen | 158.33 | |
| BGN | Bulgarian Lev | 1.9558 | |
| CZK | Czech Koruna | 25.097 | |
| DKK | Danish Krone | 7.4583 | |
| GBP | Pound Sterling | 0.82530 | |
| HUF | Hungarian Forint | 400.43 | |
| PLN | Polish Zloty | 4.1708 | |
| RON | Romanian Leu | 4.9773 | |
| SEK | Swedish Krona | 11.1500 | |
| CHF | Swiss Franc | 0.9428 | |
| ISK | Icelandic Krona | 145.70 | |
| NOK | Norwegian Krone | 11.6950 | |
| TRY | Turkish Lira | 38.1487 | |
| AUD | Australian Dollar | 1.6811 | |
| BRL | Brazilian Real | 6.1590 | |
| CAD | Canadian Dollar | 1.5104 | |
| CNY | Chinese Yuan Renminbi | 7.6282 | |
| HKD | Hong Kong Dollar | 8.1386 | |
| IDR | Indonesian Rupiah | 17216.08 | |
| ILS | Israeli Shekel | 3.7616 | |
| INR | Indian Rupee | 91.3530 | |
| KRW | South Korean Won | 1526.42 | |
| MXN | Mexican Peso | 21.4253 | |
| MYR | Malaysian Ringgit | 4.6737 | |
| NZD | New Zealand Dollar | 1.8669 | |
| PHP | Philippine Peso | 60.436 | |
| SGD | Singapore Dollar | 1.4106 | |
| THB | Thai Baht | 35.691 | |
| ZAR | South African Rand | 19.5068 |
EUR/RUB – Russian Ruble Exchange Rate Suspension
Due to the 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 is in effect until further notice, reflecting the ECB’s inability to determine a representative reference rate under the current circumstances. The last published EUR/RUB reference rate was on March 1, 2022.
Accessing Historical and Further Data
For those needing more in-depth information, the ECB provides several resources:
- Latest Reference Rates: Direct links are available to access the most recent exchange rate data.
- Specific Day Downloads: You can download PDF documents containing exchange rates for any specific date.
- Time Series Data: For historical analysis, CSV files are available for import into spreadsheet software. Ensure your software uses a dot “.” as a decimal separator for correct data interpretation.
Related Resources
For more comprehensive data and context, explore these resources:
- ECB Data Portal: Access detailed time series data for bilateral exchange rates at the ECB Data portal.
- Understanding Exchange Rates: Learn more about the role of exchange rates in the economy through the ECB’s explainer: What is the role of exchange rates?
This information is intended to keep you informed about the daily Foreign Exchange Rate Euro and provide resources for further research and data exploration. Remember to always consult financial professionals for transaction-specific exchange rates and financial advice.
