European Central Bank
The European Central Bank (ECB) is the official central bank for all countries that use the euro as their domestic fiat currency.
The role of all central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the ECB manipulates interest rates this impacts both the inflation in the Euro-zone and also the relative value of the euro compared to other currencies.
ECB Recent Interest Rate Decisions:
In late October the ECB raised its benchmark deposit rate by 75 basis points taking the EUR deposit rate to 1.5%, the highest in over a decade, and indicated further rate hikes are to be expected.
Read our guide to the Relationship between Interest Rates and Currencies.
Exchange rates published by Central Banks such as the European Central Bank are the latest interbank mid-market exchange rates, here are some of the most popular EUR exchange rates:
Euro to US dollar
US dollar to Euro
Euro to Pound Sterling
Pound Sterling to Euro
Euro to Australian dollar
Euro to Canadian dollar
Euro to United Arab Emirates dirham
Euro to Indian rupee
Euro to Russian ruble
Euro to New Zealand dollar
You Can Save Money when you Compare European Central Bank Exchange Rate Margins & Fees
The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus European Central Bank market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.
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