About Central Bank Reference Rates
The rates published on this platform reflect European Central Bank (ECB) daily reference rates, synchronized via the open-source Frankfurter infrastructure. Reference rates represent the average market rate at ~16:00 CET on TARGET business days.
Important distinction: These quotes are indicative benchmarks established for statistical and accounting purposes. They do not constitute commercial retail rates offered by banks, airport exchange booths, or card networks, which typically apply a 1.5% to 4.5% spread or retail commission.