Daily nominal effective exchange rate of the euro

The nominal effective exchange rates of the euro are calculated by the European Central Bank (ECB).

They are based on weighted averages of bilateral euro exchange rates against 19 trading partners of the euro area.

If this index rate goes up, more foreign currency can be obtained, on average, for €1. It therefore becomes more expensive, on average, for those who want to exchange foreign currency for euro. Likewise, if this index rate goes down, less foreign currency can be obtained, on average, for €1 and, in turn, it becomes less expensive to exchange foreign currency into euro.

The weights capture third-market effects and are based on trade in manufactured goods with the euro area´s trading partners in the periods 1995-97, 1998-2000, 2001-03, 2004-06 and 2007-09, with the indices being chain-linked at the end of each three-year period.

The base period is the first quarter of 1999 (i.e. 1999 Q1 = 100).

The latest value shown usually refers to the previous business day.

Update of trade weights data underlying the EERs and HCIs

Chart of the weights in the EER-20 indices based on different reference periods.

Statistical Data Warehouse - Interactive data access

All effective exchange rates time series

An additional set of daily nominal indices, considering 12 trading partners (namely Australia, Canada, Denmark, Hong Kong, Japan, Norway, Singapore, South Korea, Sweden, Switzerland, the United Kingdom and the United States) is also available in the Statistical Data Warehouse.

Weights in the EER-19 indices based on different reference periods

Chart of the weights in the EER-20 indices based on different reference periods.
  reference period 1995-1997 reference period 1998-2000 reference period 2001-2003 reference period 2004-2006 reference period 2007-2009
Australia 1.0 1.0 1.0 1.0 0.9
Bulgaria 0.3 0.4 0.4 0.5 0.6
Canada 1.8 1.9 1.9 1.8 1.6
China 5.5 6.4 9.2 14.1 18.7
Croatia  0.7 0.5 0.6 0.7 0.6
Czech Republic  2.7 2.9 3.6 4.2 5.0
Denmark 3.2 2.8 2.8 2.7 2.7
Hong Kong 2.4 2.1 1.9 1.8 1.6
Hungary 1.9 2.6 3.0 3.2 3.2
Japan 12.0 10.7 9.2 8.3 7.2
Norway 1.6 1.4 1.3 1.3 1.4
Poland 2.9 3.4 4.0 4.9 6.3
Romania 0.9 1.0 1.4 1.7 2.0
Singapore 2.3 1.9 1.7 1.7 1.5
South Korea 3.6 3.2 3.4 4.0 3.9
Sweden 5.8 5.2 4.7 5.0 4.7
Switzerland 8.2 7.2 6.9 6.5 6.4
United Kingdom 22.6 21.6 20.3 17.6 14.8
United States 20.8 23.7 22.6 19.1 16.8
Total 100.0 100.0 100.0 100.0 100.0