Understanding the fluctuations in currency exchange rates is crucial in today’s global economy. The European Central Bank (ECB) provides daily euro foreign exchange reference rates, a vital resource for businesses, travelers, and anyone monitoring international finance. These rates are updated every working day at approximately 16:00 CET, except on TARGET closing days.
The reference rates are calculated based on a daily concertation procedure among European central banks, typically around 14:10 CET. It’s important to note that these rates are published purely for informational purposes. While they offer a valuable snapshot of currency values, their use for transactional purposes is strongly discouraged due to potential market variations throughout the day.
March 3, 2025: Euro Currency Exchange Rates
Below are the reference rates for various currencies against the euro (base currency) as of March 3, 2025. This table provides a quick look at the spot exchange rates and includes links to charts for further analysis of each currency pair.
| Currency | Spot | 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 |
Important Note: EUR/RUB Rate Suspension
Due to ongoing market volatility in the EUR/RUB market, the ECB has temporarily suspended the publication of the euro reference rate for the Russian rouble. This is because current trading activity does not allow for the setting of a reference rate that accurately reflects real market conditions. The suspension has been in effect since March 1, 2022, and will continue until further notice.
Accessing Historical Data and Downloads
For users needing more in-depth information, the ECB provides several download options and access to historical data:
- Latest Reference Rates: Download the most recent exchange rates for your records.
- Specific Day Rates (PDF): Obtain a PDF document containing the exchange rates for a particular date.
- Time Series Data (CSV): Import CSV files into spreadsheet software for detailed analysis of exchange rate trends over time. Ensure your software uses a dot “.” as a decimal separator for correct data interpretation.
These resources provide comprehensive access to euro currency exchange rate data for various analytical purposes.
Further Resources on Exchange Rates
To deepen your understanding of exchange rates and their significance, explore the following resources:
- ECB Data Portal: Time series for bilateral exchange rates – Access extensive time-series data on bilateral exchange rates directly from the ECB.
- ECB Explainer: What is the role of exchange rates?: LEARN MORE – A helpful explainer from the ECB for those seeking a clearer understanding of the role and impact of exchange rates in the economy.
By utilizing these resources and regularly checking the daily euro currency reference rates, you can stay informed about the dynamic world of foreign exchange.
