The Euro Currency stands as a cornerstone of the European Union, simplifying trade and travel for millions across member states. For those needing precise exchange rates, particularly in dealings with the EU budget, the European Commission provides an invaluable tool: an official monthly accounting rate converter for the euro currency. This resource is not only essential for stakeholders involved in EU financial matters but also serves as a reliable source of historical euro currency conversion rates for general users.
Official Euro Exchange Rates by the European Commission
The European Commission’s converter delivers official monthly accounting rates, adhering to Article 19 of the Financial Regulation. These rates are specifically designed for calculating reimbursements for expenses, travel, and subsistence costs incurred by external individuals participating in European Commission meetings and interviews. This ensures accuracy and consistency in financial transactions related to EU operations. For entities and individuals working with or receiving funds from the European Commission, understanding these official euro currency exchange rates is crucial for proper financial management and reporting.
Accessing Historical Euro Conversion Rates
Beyond its primary function for EU budget calculations, the converter is also a robust tool for anyone needing historical euro currency exchange rates. Users can access monthly rates stretching back to 1994, providing a comprehensive view of currency fluctuations over time. These rates are market-based, derived from the European Central Bank’s quotations from the second to last day of the preceding month. In cases where ECB data is unavailable, rates are sourced from delegations or other reliable sources close to that date, ensuring the broadest possible coverage and accuracy. InforEuro further enhances this service by providing rates for both current and older currencies, encompassing countries within and outside the European Union. For each currency, the system details historical conversion rates against the euro currency (and prior to 1999, against the ecu). These extensive historical exchange rates are readily available in downloadable electronic formats from March 1994.
Important Information and Disclaimer
It is vital to understand that the information provided by the European Commission’s currency converter is strictly for informational purposes. It is specifically intended to facilitate the implementation of the EU budget. While the rates are sourced from reputable institutions like the European Central Bank, the European Commission explicitly states that no warranty of accuracy is implied. Furthermore, the European Commission disclaims any responsibility concerning the published rates and clarifies that this publication does not grant users any rights. The tool is designed for official EU budget-related activities, and general public inquiries are not addressed. For further official information, users are directed to contact the provided email address for the treasury department of the European Commission.
For those seeking more general information about the euro currency and its role within the European Union, the European Commission provides additional resources, offering a broader understanding of this significant currency.
