Understanding the Euros Rate is crucial for businesses, travelers, and anyone involved in international finance. These reference rates, published by the European Central Bank (ECB), provide a benchmark for the value of the euro against other major world currencies. It’s important to know when and how these rates are updated and their intended purpose.
The ECB typically updates these euros rate figures at approximately 16:00 CET (Central European Time) every working day. This excludes TARGET closing days, which are specific holidays for the Trans-European Automated Real-time Gross settlement Express Transfer system. You can find a list of these closing days on the ECB website to anticipate any delays in rate updates.
These rates are derived from a daily concertation procedure involving central banks across Europe, usually taking place around 14:10 CET. It’s vital to remember that the published euros rate is for informational purposes only. The ECB explicitly discourages using these reference rates for transactional purposes, as they are indicative and not necessarily the rates you would obtain when actually exchanging currency.
Euro Foreign Exchange Reference Rates – 4 March 2025
Below are the reference rates for various currencies against the euro, with the euro as the base currency. This data is from March 4, 2025, and reflects the latest available euros rate from the ECB for that date.
Important Notice: EUR/RUB Rate Suspension
Due to the ongoing market conditions affecting EUR/RUB trading, the European Central Bank has suspended the publication of the euros rate for the Russian ruble. This is because the ECB is unable to determine a reference rate that accurately reflects current market activity. The last published euros rate for EUR/RUB was on March 1, 2022. This suspension will remain in effect until further notice.
Accessing Historical Euros Rate Data
For those needing historical euros rate data, the ECB provides several options for download and access.
Download Latest Rates
You can readily download the latest euros rate data to stay updated.
Downloadable PDF
For record-keeping or offline access, you can download a PDF document containing the exchange rates for a specific day. This is useful for archiving past euros rate information.
Time Series Data
For in-depth analysis and integration with other systems, the ECB offers time series data. This allows you to import CSV files into spreadsheet programs. When importing, ensure your settings use a dot “.” as the decimal separator, which is standard in UK or US formats.
Further Resources on Euros Rate and Exchange Rates
To delve deeper into exchange rates and the role of the euro, the ECB offers additional resources.
SEE ALSO
For comprehensive datasets, visit the ECB Data portal to explore time series for bilateral exchange rates.
NOT AN EXPERT? CHECK EXPLAINER
Learn more about the role of exchange rates and their significance in the broader economy through the ECB’s explainer section, “What is the role of exchange rates?”.
Explore More in This Section
This page is part of a broader section dedicated to providing information and data related to euros rate and foreign exchange. Feel free to explore other pages within this section for more detailed insights.
