Navigating the world of foreign exchange can be complex, especially when dealing with the Euro. Whether you’re managing international business transactions, monitoring global market trends, or simply planning your next European vacation, understanding the Bank Euro Rate is crucial. This article provides a clear overview of the daily Euro foreign exchange reference rates, essential for anyone tracking currency values against the Euro.
What are Euro Foreign Exchange Reference Rates?
Euro foreign exchange reference rates are daily exchange rates published by the European Central Bank (ECB). These rates reflect the value of the Euro against a range of major world currencies. Typically updated around 16:00 CET every working day, except on TARGET closing days, these rates are based on a concertation procedure among European central banks occurring around 14:10 CET.
It’s important to note that these bank euro rates are published for informational purposes. While they provide a valuable benchmark of currency values, the ECB strongly discourages using them for direct transaction purposes. Real-time exchange rates for transactions may vary slightly depending on the financial institution and the time of the transaction.
Latest Euro Exchange Rates (3 March 2025)
Below is a table showing the latest bank euro rate against various currencies as of March 3, 2025. This data provides a snapshot of the relative value of the Euro on this particular day.
| Currency | Currency Name | Spot Rate |
|---|---|---|
| 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 |
Visual representation of the Japanese Yen exchange rate against the Euro.
Visual representation of the Czech Koruna exchange rate against the Euro.
Visual representation of the British Pound exchange rate against the Euro.
Visual representation of the Polish Zloty exchange rate against the Euro.
Visual representation of the Swedish Krona exchange rate against the Euro.
Visual representation of the Icelandic Krona exchange rate against the Euro.
Visual representation of the Turkish Lira exchange rate against the Euro.
Visual representation of the Brazilian Real exchange rate against the Euro.
Visual representation of the Chinese Yuan Renminbi exchange rate against the Euro.
Visual representation of the Indonesian Rupiah exchange rate against the Euro.
Visual representation of the Mexican Peso exchange rate against the Euro.
Visual representation of the New Zealand Dollar exchange rate against the Euro.
Visual representation of the Singapore Dollar exchange rate against the Euro.
Visual representation of the South African Rand exchange rate against the Euro.
Important Note Regarding EUR/RUB Rate:
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 is in place until further notice, reflecting the ECB’s inability to set a representative bank euro rate for RUB under current circumstances. The last published EUR/RUB reference rate was on March 1, 2022.
Accessing Historical Bank Euro Rate Data
For those needing more detailed information or historical data, the ECB provides several resources:
- Latest Reference Rates: Downloadable in various formats for the most recent rates.
- Specific Day Download: Obtain a PDF of exchange rates for a particular date.
- Time Series Data: Access CSV files for importing into spreadsheets for in-depth analysis of historical bank euro rate trends. Remember to use a setting that uses a dot “.” as a decimal separator when importing CSV files.
These resources offer comprehensive access to bank euro rate information, directly from the source.
Further Insights into Exchange Rates
To deepen your understanding of exchange rates and their role in the economy, the ECB offers explainer resources.
Learn More: What is the role of exchange rates?
This resource provides valuable context and helps clarify the broader significance of figures like the bank euro rate in the global financial landscape.
Related Data: ECB Data portal – Time series for bilateral exchange rates
This link provides direct access to the ECB’s data portal where you can explore extensive time series data for bilateral exchange rates, offering a deeper dive into the fluctuations and trends of the bank euro rate over time.
By understanding and utilizing these resources, you can stay informed about the bank euro rate and its implications for your financial decisions and market awareness.
