The official exchange rates for euro are published by the European Central Bank ( ECB ), which is the Bank that administers the monetary policy within the European Union. It is a daily report of 32 currency values in the format of a regular HTML page and automated formats like XML that is usually updated around 16:00 Central Europe Time ( CET ) on every working day.
The ECB also publishes a historical file starting from 1999-01-04 until present day. This file is fully available from the application’s calendar and can be used to extract desired exchange rates month by month.
The European Central Bank (ECB) plugin is included by default with foxer currency calculator, thus bringing users the possibility to get both the latest and historical exchange rates.
The European Union is the 2nd largest economy in the world, between the United States of America and China, conforming a single market across the territory of all its 28 member countries that represents 512 million citizens. From these countries, 19 member states have joined a monetary union known as the eurozone, which uses the euro as a single currency. As a result, nowadays the euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar (USD).