Staying informed about Exchange Rates Euro is crucial whether you’re managing international business transactions, planning a European vacation, or simply monitoring global financial markets. Euro exchange rates fluctuate constantly due to a multitude of economic factors, and understanding these fluctuations is key to making informed decisions. This article provides a snapshot of the daily euro foreign exchange reference rates, as published by the European Central Bank (ECB).
Decoding Euro Exchange Rates and Their Importance
Euro exchange rates represent the value of the euro in relation to other world currencies. These rates are essential indicators in global economics, reflecting the relative strength and stability of the euro against other currencies. Businesses involved in import and export rely heavily on these rates to price goods and manage currency risk. For travelers, understanding the exchange rates euro helps in budgeting and getting the most value when converting currency. Even for individuals interested in global finance, tracking euro exchange rates provides insights into economic trends and market dynamics.
The European Central Bank plays a vital role in publishing daily reference rates. These rates are typically updated around 4:00 PM Central European Time (CET) on every working day, except on TARGET closing days. The rates are derived from a concertation procedure involving central banks across Europe, usually concluding around 2:10 PM CET. It’s important to note that these reference rates are intended for informational purposes. While they offer a valuable benchmark, the ECB strongly discourages using them for transactional purposes due to potential market variations.
Current Euro Exchange Rates – March 4, 2025
Below is a table presenting the latest euro foreign exchange reference rates against a range of global currencies, as of March 4, 2025. This data provides a quick overview of the euro’s value compared to major currencies and several others from around the world.
| Currency | Currency Name | Spot |
|---|---|---|
| USD | US Dollar | 1.0557 |
| JPY | Japanese Yen | 156.50 |
| BGN | Bulgarian Lev | 1.9558 |
| CZK | Czech Koruna | 25.025 |
| DKK | Danish Krone | 7.4589 |
| GBP | Pound Sterling | 0.82788 |
| HUF | Hungarian Forint | 398.93 |
| PLN | Polish Zloty | 4.1593 |
| RON | Romanian Leu | 4.9769 |
| SEK | Swedish Krona | 11.0995 |
| CHF | Swiss Franc | 0.9371 |
| ISK | Icelandic Krona | 146.30 |
| NOK | Norwegian Krone | 11.8080 |
| TRY | Turkish Lira | 38.4845 |
| AUD | Australian Dollar | 1.6919 |
| BRL | Brazilian Real | 6.2132 |
| CAD | Canadian Dollar | 1.5224 |
| CNY | Chinese Yuan Renminbi | 7.6614 |
| HKD | Hong Kong Dollar | 8.2056 |
| IDR | Indonesian Rupiah | 17328.15 |
| ILS | Israeli Shekel | 3.8177 |
| INR | Indian Rupee | 91.9903 |
| KRW | South Korean Won | 1537.13 |
| MXN | Mexican Peso | 21.9418 |
| MYR | Malaysian Ringgit | 4.7153 |
| NZD | New Zealand Dollar | 1.8720 |
| PHP | Philippine Peso | 60.797 |
| SGD | Singapore Dollar | 1.4151 |
| THB | Thai Baht | 35.582 |
| ZAR | South African Rand | 19.5569 |
Note: The table provides the amount of each currency equivalent to one euro.
Important Considerations Regarding EUR/RUB
Due to 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 reflects the ECB’s inability to determine a reference rate that accurately represents current market activity for this particular currency pair. The last EUR/RUB reference rate was published on March 1, 2022. For those tracking exchange rates euro with the Russian Ruble, it’s important to be aware of this ongoing suspension and seek alternative sources for indicative rates if needed, while remaining cautious about the reliability and representativeness of any such rates.
Accessing Historical Data and Further Information
For those needing more in-depth data, the ECB provides several download options and access to time-series data. You can download the latest reference rates in various formats or obtain PDF documents containing exchange rates for specific dates. Furthermore, for comprehensive historical data, the ECB Data Portal offers time series for bilateral exchange rates, allowing for detailed analysis and trend tracking.
To deepen your understanding of exchange rates euro and their broader role in the economy, the ECB also offers explainer resources. These resources can be particularly helpful for those who are not experts but wish to learn more about the function and significance of exchange rates in the global financial system.
By staying informed about exchange rates euro through reliable sources like the ECB, individuals and businesses can navigate the complexities of international finance with greater confidence and make well-informed decisions.
