Navigating the world of foreign exchange rates can be complex, but understanding the Euro Dollar exchange rate, often denoted as EUR/USD, is crucial for anyone involved in international finance, trade, or even travel. This rate represents how many US dollars (USD) are needed to buy one euro (EUR). The European Central Bank (ECB) provides daily reference rates to keep individuals and businesses informed about these fluctuations.
These reference rates are typically updated around 4:00 PM Central European Time (CET) on every working day, except for TARGET closing days. The rates are derived from a daily concertation procedure among European central banks, usually taking place around 2:10 PM CET. It’s important to note that these rates are published solely for informational purposes. The ECB explicitly discourages using these reference rates for transaction purposes.
Daily Euro Exchange Rates: February 28, 2025
Below is a snapshot of the euro foreign exchange reference rates as of February 28, 2025. All currencies are quoted against the euro, which serves as the base currency.
It’s worth noting that due to ongoing market conditions affecting EUR/RUB trading, the ECB has suspended the publication of the euro reference rate for the Russian ruble until further notice. The last published rate was on March 1, 2022.
Accessing Historical Data and More
For those needing more than just the daily snapshot, the ECB provides several resources:
- Latest Reference Rates: Links are available to download the most recent rates.
- Specific Day Downloads: You can download PDF documents containing exchange rates for a particular day.
- Time Series Data: For in-depth analysis, time series data is available for import into spreadsheet software. Remember to use a setting that recognizes a dot “.” as the decimal separator when importing CSV files, such as UK or US format.
Further Resources
To delve deeper into exchange rates and related data, explore the ECB Data portal for time series data on bilateral exchange rates. For a clearer understanding of the role of exchange rates in the broader economy, the ECB offers an Explainer section with articles like “What is the role of exchange rates?”.
These resources from the ECB provide a comprehensive overview of euro foreign exchange reference rates and are valuable for anyone tracking the Cours Euro Dollar and other currency pairings.
