Stay informed with the latest Euro foreign exchange reference rates, updated daily to keep you in the loop with currency exchange values. These rates are crucial for understanding the fluctuations in the currency market, especially for the widely tracked USD to EUR exchange rate.
Daily Reference Rates – March 4, 2025
Below are the reference rates against the euro from March 4, 2025. Please note that these rates are updated around 16:00 CET every working day, except on TARGET closing days. The rates are based on the daily concertation procedure among European central banks, typically around 14:10 CET. It’s important to remember that these rates are for informational purposes only and should not be used for transactional purposes.
Important Information Regarding Reference Rates
The euro foreign exchange reference rates are updated daily at approximately 16:00 CET, each working day, except on TARGET closing days. This update time ensures you receive the most current information based on the day’s trading activities.
These rates are determined through a daily concertation procedure involving central banks across Europe, typically concluding around 14:10 CET. This coordinated approach ensures the rates are representative of the broader European financial landscape.
It is crucial to understand that these reference rates are published solely for informational purposes. Their use for transaction purposes is strongly discouraged. For actual transactions, it is advised to consult financial institutions for real-time exchange rates.
EUR/RUB Rate Suspension
Due to the ongoing market conditions affecting EUR/RUB trading, the European Central Bank (ECB) has suspended the publication of the euro reference rate for the Russian rouble. This suspension is in effect until further notice, reflecting the ECB’s inability to set a representative rate under current market circumstances. The last published EUR/RUB reference rate was on March 1, 2022.
Accessing More Data
For further details and historical data, you can explore the following resources:
- Latest reference rates: [Link to latest rates – if available]
- Download a PDF: [Link to PDF download – if available]
- Time series data: CSV files are available for download, compatible with spreadsheet software using a dot “.” as a decimal separator (like UK or US formats).
For comprehensive time series data, you can also visit the ECB Data portal for bilateral exchange rates.
To better understand the role of exchange rates, especially the Euro to Dollar exchange rate, check out this explainer: LEARN MORE – What is the role of exchange rates?
This information helps you stay informed about the daily Euro foreign exchange reference rates and understand their significance in the global financial market, particularly concerning the dollar to euro exchange rate.
