Navigating currency conversion, especially into euros, can be complex. For individuals and organizations needing reliable exchange rates, particularly within the European Union context, the European Commission provides a valuable tool. This static currency converter offers official monthly accounting rates for the euro, aligning with Article 19 of the Financial Regulation. These rates, established by the Accounting Officer of the European Commission, serve a crucial purpose in calculating reimbursements for expenses, travel, and subsistence costs. This applies especially to external participants involved in European Commission meetings and interviews.
Beyond its primary function for EU budget implementation, this converter is also publicly accessible. General users can leverage it to find monthly currency conversion rates dating back to 1994. This historical depth makes it an excellent resource for tracking currency trends and understanding past Conversion In Euros.
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, as quoted by the ECB. 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 plays a vital role in this system, delivering rates for both current and historical currencies, encompassing countries within and outside the European Union. For every currency, the converter presents historical conversion rates against the euro, and prior to 1999, against the ecu. This extensive data is readily available in electronic format, with downloadable files stretching back to March 1994, offering a rich archive of conversion in euros.
It is crucial to understand the nature and limitations of this information. The data provided on this page is strictly for informational purposes. It is specifically designed to facilitate the implementation of the EU budget. While every effort is made to ensure accuracy, the European Commission offers no warranty regarding the rates’ precision and disclaims any responsibility for their use. This publication is intended for information only and does not grant users any rights. General public inquiries are respectfully declined, emphasizing its focused purpose.
For specific questions or further details, the European Commission’s treasury department can be contacted at tresorerieec [dot] europa [dot] eu.
Discover more about the euro and its significance within the European Union.
