Understanding the euro exchange rate is essential for businesses, travelers, and anyone involved in international finance. The euro foreign exchange reference rates are published by the European Central Bank (ECB) to provide a benchmark of the euro’s value against other major world currencies. These rates are updated daily and serve as an indicator of the euro’s performance in the foreign exchange market.
These reference rates are typically updated around 16:00 CET every working day, except on TARGET closing days. You can find more details about closing days on the ECB website. The rates are calculated based on a daily concertation procedure among central banks across Europe, which usually takes place around 14:10 CET. It’s important to note that these euro exchange rates are published for informational purposes only. The ECB strongly advises against using these rates for transactional purposes, as they are reference points rather than real-time trading values.
Euro Exchange Rates on February 28, 2025
Below are the euro foreign exchange reference rates as of February 28, 2025. This table provides a snapshot of the euro’s exchange rate against a range of currencies, offering a valuable overview for anyone tracking currency movements.
| Currency | Currency Name | Spot Rate | Chart |
|---|---|---|---|
| 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 |
Important Note Regarding EUR/RUB
Due to ongoing market conditions affecting EUR/RUB trading, the European Central Bank (ECB) has suspended the publication of the euro reference rate for the Russian rouble. This suspension is in place because the ECB cannot currently set a reference rate that accurately reflects the actual market situation. The last EUR/RUB reference rate was published on March 1, 2022. For historical data, you can refer to the ECB archives.
Accessing More Information
For further details and to explore more comprehensive data, you can visit the ECB Data portal to access time series for bilateral exchange rates. Additionally, if you are new to the concept of exchange rates and want to understand their role in the economy, the ECB offers an explainer on the role of exchange rates, providing valuable insights for non-experts.
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