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ECB foreign exchange reference rates

Owing to current trading activity in the EUR/RUB market, the European Central Bank (ECB) is not in a position to set a reference rate that is representative of prevailing market conditions. The ECB has therefore decided to suspend its publication of a euro reference rate for the Russian rouble until further notice. The ECB last published a EUR/RUB reference rate on 1 March 2022.

The reference rates are usually updated around 16:00 CET on every working day, except on TARGET closing days. They are based on a regular daily concertation procedure between central banks across Europe, which normally takes place at 14:15 CET.

Please note that Croatia adopted the euro on 1 January 2023. The Croatian kuna has therefore been removed from the ECB’s list of euro foreign exchange reference rates and has not been replaced in the list by another currency.

All currencies are quoted against the euro (base currency).