The rates are set on the basis of the regular daily concertation procedure between national central banks, which normally takes place at 2.15 p.m. CET. The exchange rates are for reference only and are published daily when TARGET system is open.
Currency exchange rates fluctuate daily and will change whenever the values of either component of currencies change, based on the demand in international and national markets.
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Euro foreign exchange reference rates: All currencies quoted against the euro (base currency): February 16, 2019