Additional reference exchange rates for the euro
The European Central Bank (ECB) has decided to extend the list of currencies for which daily reference exchange rates are published.
The ECB will continue to compute and publish euro reference exchange rates on a daily basis for the following list of currencies, as announced on 28 September 2000:
| AUD | Australian dollar |
| BGN | Bulgarian lev |
| CAD | Canadian dollar |
| CHF | Swiss franc |
| CYP | Cyprus pound |
| CZK | Czech koruna |
| DKK | Danish krone |
| EEK | Estonian kroon |
| GBP | Pound sterling |
| HKD | Hong Kong dollar |
| HUF | Hungarian forint |
| ISK | Icelandic krona |
| JPY | Japanese yen |
| KRW | South Korean won |
| LTL | Lithuanian litas |
| LVL | Latvian lats |
| MTL | Maltese lira |
| NOK | Norwegian krone |
| NZD | New Zealand dollar |
| PLN | Polish zloty |
| ROL | Romanian leu |
| SEK | Swedish krona |
| SGD | Singapore dollar |
| SIT | Slovenian tolar |
| SKK | Slovak koruna |
| TRY | New Turkish lira |
| USD | US dollar |
| ZAR | South African rand |
As from 1 April 2005 the ECB will in addition compute and publish euro reference exchange rates on a daily basis for the following currencies:
| CNY | Chinese yuan renminbi |
| HRK | Croatian kuna |
| IDR | Indonesian rupiah |
| MYR | Malaysian ringgit |
| PHP | Philippine peso |
| RUB | Russian rouble |
| THB | Thai baht |
The current procedures for the computation and publication of the foreign exchange reference rates will also apply to those currencies which are to be added to the list:
- The reference rates are based on the daily concertation procedure between central banks within and outside the European System of Central Banks, which normally takes place at 2.15 p.m. C.E.T. The reference exchange rates are published both by electronic market information providers and on the ECB’s website shortly after the concertation procedure has been completed.
- Only one reference exchange rate (i.e. the mid-rate) is published for each currency, using the “certain” method (i.e. EUR 1 = x foreign currency units).
- The number of significant digits used may vary according to the currency, reflecting market conventions. However, in most cases five significant digits are used.
- The euro area national central banks may publish more comprehensive lists of euro reference exchange rates than that published by the ECB.
The ECB pays due attention to ensuring that the published exchange rates reflect the market conditions prevailing at the time of the daily concertation procedure. Since the exchange rates of the above currencies against the euro are averages of buying and selling rates, they do not necessarily reflect the rates at which actual market transactions have been made. The exchange rates against the euro published by the ECB are released for reference purposes only.
European Central Bank
Directorate General Communications
- Sonnemannstrasse 20
- 60314 Frankfurt am Main, Germany
- +49 69 1344 7455
- media@ecb.europa.eu
Reproduction is permitted provided that the source is acknowledged.
Media contacts