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Exchange rates

Reference and spot rates are euro foreign exchange rates observed on major foreign exchange trading venues at a certain point in time. In other words, they are the price of one currency in terms of another currency. The rates are usually updated around 16:00 CET on every working day, except on TARGET closing days. Reference rates are based on a regular daily concertation procedure between central banks across Europe, which normally takes place at 14:15 CET.

The ECB intends to discontinue the publication of the foreign exchange indicative rates as of 1 November 2020. From 1 to 8 October, these rates will temporarily cease to be published, so that users downloading these data automatically receive advanced notice of their imminent discontinuation. The data for this one-week period will be later re-populated. Please note that the 32 currencies that are part of the ECB reference rates, as outlined in the Framework for the euro foreign exchange reference rates, will continue to be published regularly.   

The purpose of effective exchange rates (EERs) and harmonised competitiveness indicators (HCIs) is to provide meaningful and comparable measures of euro area countries' price and cost competitiveness, which depend not only on exchange rate movements but also on cost and price trends. EERs are geometrically weighted averages of the bilateral exchange rates of the given currency against the currencies of the euro area’s main trading partners. HCIs are constructed using the same methodology and data sources as the euro EERs.

Deflators for the real EERs and real HCIs are:

  • consumer price indices (CPIs)
  • producer price indices (PPIs)
  • GDP deflators
  • unit labour costs - for real EERs both ULCT (for the total economy) and ULCM (for the manufacturing sector), and only ULCT for real HCIs

 

DatasetBrowsing and Excel exportXML export Calendar
AME - AMECO  Data
EXR - Exchange Rates  DataRelease calendar

DatasetBrowsing and Excel exportXML export Calendar
AME - AMECO  Data
EXR - Exchange Rates  DataRelease calendar