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3 Dec ember 2010

PRESS RELEASE

CHANGES TO THE LIST OF EURO FOREIGN EXCHANGE REFERENCE RATES:
ISRAELI SHEKEL ADDED, ESTONIAN KROON REMOVED

On 1 Ja nua ry 2011, Estonia will bec ome the 17th Member Sta te of the Europea n Union to a dopt the euro. The Europea n C entra l Ba nk (EC B) will thus stop publishing euro referenc e exc ha nge ra tes for the Estonia n kroon (EEK) from this da te. Moreover, the EC B ha s dec ided to c ompute a nd publish, a s of 3 Ja nua ry 2011, the euro referenc e ra tes for the Isra eli shekel on a da ily ba sis. As a c onsequenc e, a s of 3 Ja nua ry 2011, the EC B will c ompute a nd publish euro foreign exc ha nge referenc e ra tes for the following list of c urrenc ies on a da ily ba sis:

AUD BG N BRL
Austra lia n dolla r Bulga ria n lev Bra zilia n rea l
C AD C HF C NY C ZK DKK G BP HKD HRK HUF IDR
C a na dia n dolla r Swiss fra nc C hinese yua n renminbi C zec h koruna Da nish krone Pound sterling Hong Kong dolla r C roa tia n kuna Hunga ria n forint Indonesia n rupia h

  • Isra eli shekel
  • ILS

  • INR
  • India n rupee

  • ISK
  • Ic ela ndic krona

Ja pa nese yen South Korea n won Lithua nia n lita s La tvia n la ts
JPY KRW LTL LVL

  • MXN
  • Mexic a n peso

2

MYR NOK NZD PHP PLN RON RUB SEK
Ma la ysia n ringgit Norwegia n krone New Zea la nd dolla r Philippine peso Polish zloty New Roma nia n leu Russia n rouble Swedish krona Singa pore dolla r Tha i ba ht
SG D THB

  • TRY
  • New Turkish lira

  • US dolla r
  • USD

  • ZAR
  • South Afric a n ra nd

The c urrent proc edure for the c omputa tion a nd public a tion of the foreign exc ha nge referenc e ra tes will a lso a pply to the c urrenc y tha t is to be a dded to the list:

The referenc e ra tes a re ba sed on the da ily c onc erta tion proc edure between c entra l ba nks within a nd outside the Europea n System of C entra l Ba nks, whic h norma lly ta kes pla c e a t 2.15 p.m. C ET. The referenc e exc ha nge ra tes a re published both by elec tronic ma rket informa tion providers a nd on the EC B’s website shortly a fter the c onc erta tion proc edure ha s been c ompleted.



Only one referenc e exc ha nge ra te (i.e. the mid-ra te) is published for ea c h c urrenc y, using the “c erta in” method (i.e. EUR 1 = x foreign c urrenc y units).

The number of signific a nt digits used ma y va ry a c c ording to the c urrenc y, reflec ting ma rket c onventions. In most c a ses, however, five signific a nt digits a re used.

The euro a rea na tiona l c entra l ba nks ma y publish more c omprehensive lists of euro referenc e exc ha nge ra tes tha n tha t published by the EC B.

The EC B pa ys due a ttention to ensuring tha t the published exc ha nge ra tes reflec t the ma rket c onditions preva iling a t the time of the da ily c onc erta tion proc edure. Sinc e the exc ha nge ra tes of the a bove c urrenc ies a ga inst the euro a re a vera ges of buying a nd selling ra tes, they do not nec essa rily reflec t the ra tes a t whic h a c tua l ma rket tra nsa c tions ha ve been ma de. The exc ha nge ra tes a ga inst the euro published by the EC B a re relea sed for referenc e purposes only.

European Central Bank

Direc tora te C ommunic a tions, Press a nd Informa tion Division
Ka iserstra sse 29, D-60311 Fra nkfurt a m Ma in Tel.: +49 69 1344 7455, Fa x: +49 69 1344 7404
Internet: http://www.ec b.europa .eu

Reproduction is permitted provided that the source is acknowledged.

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