Navigating the foreign exchange market requires up-to-date information, especially when dealing with major currency pairs like the US Dollar (USD) and the Euro (EUR). This article provides a snapshot of the latest euro foreign exchange reference rates, acting as a valuable USD to EUR converter and offering insights for anyone tracking currency movements. These rates, published by the European Central Bank (ECB), are essential for understanding the relative value of the euro against a range of global currencies.
Understanding Euro Foreign Exchange Reference Rates
The European Central Bank (ECB) plays a crucial role in providing transparency in the foreign exchange market. Every working day, typically around 4 PM CET, the ECB updates its reference rates. These rates are the result of a daily concertation procedure among central banks across Europe, usually taking place around 2:10 PM CET. It’s important to note that these rates are published for informational purposes only. While they serve as an excellent benchmark and dollar to euro converter reference point, the ECB strongly discourages using them for transactional purposes due to potential market fluctuations throughout the day.
This image is a snippet from the euro foreign exchange rates table, highlighting the visual representation of currency fluctuations and serving as a quick reference for users seeking a USD to EUR converter.
Latest Reference Rates: February 28, 2025
Below is a table presenting the euro foreign exchange reference rates as of February 28, 2025. The rates are quoted against the euro, meaning they show how many units of the foreign currency are equivalent to one euro. For those interested in a USD to EUR converter, focus on the USD row to see the current EUR/USD exchange rate.
| Currency | Spot |
|---|---|
| USD | 1.0411 |
| JPY | 156.96 |
| BGN | 1.9558 |
| CZK | 25.029 |
| DKK | 7.4583 |
| GBP | 0.82608 |
| HUF | 399.50 |
| PLN | 4.1503 |
| RON | 4.9768 |
| SEK | 11.1880 |
| CHF | 0.9394 |
| ISK | 145.70 |
| NOK | 11.7245 |
| TRY | 38.0186 |
| AUD | 1.6741 |
| BRL | 6.0712 |
| CAD | 1.5019 |
| CNY | 7.5782 |
| HKD | 8.0980 |
| IDR | 17228.17 |
| ILS | 3.7457 |
| INR | 90.9710 |
| KRW | 1519.92 |
| MXN | 21.2191 |
| MYR | 4.6459 |
| NZD | 1.8579 |
| PHP | 60.355 |
| SGD | 1.4037 |
| THB | 35.567 |
| ZAR | 19.1917 |
Note: Due to ongoing market conditions, the ECB has suspended the publication of the EUR/RUB reference rate until further notice.
For those specifically looking to convert from USD to EUR, the table indicates that 1 euro is equivalent to approximately 1.0411 US dollars on February 28, 2025. To use this as a dollar to euro converter, you would divide the amount in USD by this rate to find the equivalent in EUR.
Using Reference Rates and Important Considerations
While this data provides a valuable USD to EUR converter reference point and overview of the foreign exchange market, remember that these are reference rates for informational purposes. The actual exchange rate you might receive from a bank or currency exchange service may vary. Factors like transaction fees, exchange rate markups, and market fluctuations can all influence the final rate.
For precise currency conversions, especially for transactions, it is advisable to consult a dedicated currency converter tool or directly check with your financial institution. These resources often provide real-time exchange rates and factor in any applicable fees, giving you a more accurate conversion for your specific needs.
Access More Data and Tools
For more detailed information and historical data, the ECB Data portal offers extensive time series for bilateral exchange rates. You can also download the latest reference rates in various formats for your convenience. Understanding these reference rates is a helpful step in grasping currency exchange dynamics and using tools like a USD to EUR converter effectively.
Explore the ECB Data portal for in-depth exchange rate data.
This information is intended to provide a helpful overview of euro foreign exchange reference rates and their use as a dollar to euro converter. Always prioritize real-time data and professional services for transactional purposes.
