The Euro Rate Of Exchange is a crucial benchmark in the global financial market, reflecting the value of the Euro against other world currencies. These rates are officially published by the European Central Bank (ECB) as reference rates and are updated daily to provide transparency and consistency.
These reference rates are typically updated at approximately 16:00 CET every working day, except on TARGET closing days. This ensures that the rates reflect the most recent market conditions from across Europe.
The rates are calculated based on a daily concertation procedure among central banks in Europe, which usually takes place around 14:10 CET. It is important to note that these rates are published for informational purposes. The ECB explicitly discourages using these reference rates for transactional purposes, as they are indicative and not intended for direct trading.
Euro Exchange Rates on 28 February 2025
Below are the euro foreign exchange reference rates as of 28 February 2025. All rates are quoted against the euro as the base currency.
| Currency | Currency Name | Spot Rate | |
|---|---|---|---|
| USD | US dollar | 1.0411 | |
| JPY | Japanese yen | 156.96 | |
| BGN | Bulgarian lev | 1.9558 | |
| CZK | Czech koruna | 25.029 | |
| DKK | Danish krone | 7.4583 | |
| GBP | Pound sterling | 0.82608 | |
| HUF | Hungarian forint | 399.50 | |
| PLN | Polish zloty | 4.1503 | |
| RON | Romanian leu | 4.9768 | |
| SEK | Swedish krona | 11.1880 | |
| CHF | Swiss franc | 0.9394 | |
| ISK | Icelandic krona | 145.70 | |
| NOK | Norwegian krone | 11.7245 | |
| TRY | Turkish lira | 38.0186 | |
| AUD | Australian dollar | 1.6741 | |
| BRL | Brazilian real | 6.0712 | |
| CAD | Canadian dollar | 1.5019 | |
| CNY | Chinese yuan renminbi | 7.5782 | |
| HKD | Hong Kong dollar | 8.0980 | |
| IDR | Indonesian rupiah | 17228.17 | |
| ILS | Israeli shekel | 3.7457 | |
| INR | Indian rupee | 90.9710 | |
| KRW | South Korean won | 1519.92 | |
| MXN | Mexican peso | 21.2191 | |
| MYR | Malaysian ringgit | 4.6459 | |
| NZD | New Zealand dollar | 1.8579 | |
| PHP | Philippine peso | 60.355 | |
| SGD | Singapore dollar | 1.4037 | |
| THB | Thai baht | 35.567 | |
| ZAR | South African rand | 19.1917 |
It’s important to note that 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 rouble. This suspension remains in effect until further notice, with the last EUR/RUB reference rate published on 1 March 2022.
Accessing Historical and Further Exchange Rate Data
For users needing more than just the latest daily rates, the ECB provides several options to delve deeper into exchange rate data:
- Latest Reference Rates: Directly download the most recent rates in various formats.
- Specific Day Download: Obtain a PDF document containing the exchange rates for a particular date.
- Time Series Data: Access historical data to analyze trends and patterns in euro exchange rates over time. CSV files are available for import into spreadsheet software, ensuring data compatibility by using a dot “.” as a decimal separator, consistent with UK or US formats.
For further exploration and detailed datasets, the ECB Data portal offers comprehensive time series data for bilateral exchange rates.
Learn More About Exchange Rates
For those seeking a deeper understanding of exchange rates and their role in the economy, the ECB provides educational resources.
[LEARN MORE
What is the role of exchange rates?](/ecb-and-you/explainers/tell-me-more/html/role_of_exchange_rates.en.html)
This resource offers an accessible explanation of exchange rates and their significance in the broader economic context.
By providing up-to-date reference rates and additional resources, the ECB aims to enhance transparency and understanding of the euro rate of exchange in the global financial landscape.
