The Currency Converter converts any amount of one currency into the equivalent amount of another currency using the European Central Bank's foreign exchange rates.
Calculating Exchange Rates European Central Bank is the source.
Euro foreign exchange rates of reference Quote: "By 4 p.m. C.E.T., the reference rates are usually updated. They are based on a daily concertation procedure between central banks in Europe and around the world that takes place at 2:15 p.m. CET."
The reference rates on this website are updated by 11:15 a.m. EST (4:15 p.m. CET).
These rates can be used as a guide, for example, when calculating currency exchange when traveling. Try http://www.xe.com/ for more precise daily market and investment rates. Try Google Currency Converter for a larger selection of available currencies.
A ratio calculation is used to convert one currency to another, using the starting value and the Euro Exchange Rates listed below for the currencies being compared. When we convert from Currency 1 to Currency 2, we say: Value in Currency 1 is equivalent to Value in Currency 2, and Rate in Currency 1 is equivalent to Rate in Currency 2.
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