EduBourseActualitésAdditional reference exchange rates for the euro - 2005-03-29

Additional reference exchange rates for the euro – 2005-03-29

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
Press and Information Division
Kaiserstrasse 29, D-60311 Frankfurt am Main
Tel.: +49 69 1344 7455, Fax: +49 69 1344 7404
Internet: http://www.ecb.int

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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