The Euro Value is a critical factor in international finance and trade, especially within the European Union. To provide clarity and consistency in financial matters, the European Commission offers a static currency converter. This tool publishes the official monthly accounting rate for the euro, alongside conversion rates established by the Commission’s Accounting Officer, as mandated by Article 19 of the Financial Regulation.
These officially published rates are essential for calculating reimbursements for expenses, travel, and subsistence costs. This primarily concerns external individuals participating in European Commission meetings, interviews, and other engagements at the Commission’s request. By using these standardized euro value rates, the European Commission ensures accurate and transparent financial operations across different currencies.
Beyond its internal administrative use, the currency converter is also available to the general public. Anyone can utilize this tool to access monthly currency conversion rates stretching back to 1994. This historical data is invaluable for researchers, economists, and individuals interested in tracking the euro value and its fluctuations against other global currencies over time.
The exchange rates provided are based on market rates from the second to last day of the preceding month. The primary source for these figures is the European Central Bank (ECB), a highly reputable institution. In cases where ECB data is unavailable, rates are sourced from EU delegations or other reliable sources close to that date, ensuring the consistent reliability of the euro value data presented.
InforEuro’s converter is comprehensive, offering rates for both current and historical currencies, encompassing countries within and outside the European Union. For every currency listed, users can find historical conversion rates against the euro, and prior to December 1998, against the ecu. This extensive database of euro value history is accessible in downloadable electronic files, dating back to March 1994.
It is crucial to understand that the information provided by this converter is strictly for informative purposes related to the implementation of the EU budget. While the rates are sourced from reputable institutions to ensure accuracy regarding euro value, the European Commission explicitly states that no warranty of accuracy is implied. Furthermore, the Commission disclaims any responsibility concerning the published rates. This tool is designed for official EU budget implementation and does not grant users any rights. General public inquiries are also not addressed through this service.
For further official information, the European Commission can be contacted at tresorerieec [dot] europa [dot] eu (tresorerie[at]ec[dot]europa[dot]eu). For broader information about the euro itself, users are directed to the European Union’s general information page on the euro.
