ECB exchange rates today
The European Central Bank (ECB) publishes euro reference rates for 29 currencies every working day at around 16:00 CET, 17:00 in Latvia. Latvian bookkeeping and foreign-currency invoices use exactly these rates.
Latest ECB rates
The ECB publishes only the rate against the euro. One unit in euro is worked out as 1 / rate.
Currency converter
Rate for a transaction date
Enter the date of the transaction or of an advance payment to see the ECB rate in force at the start of that day. For most invoices that is the invoice date.
Which rate goes on an invoice
Latvian bookkeeping uses the euro reference rate published by the European Central Bank. When an invoice or another source document is in a foreign currency, its amounts are converted to euro at the rate in force at the start of the day of the transaction (Accounting Law, Section 7(2) and 7(3)).
The ECB publishes new rates in the afternoon, so at the start of any day the rate in force is the one published on the previous working day. A transaction on Tuesday uses the rate published on Monday, not the one published on Tuesday. The 2013 guidelines for the euro changeover explain it the same way: use the previous day's rate, which is still in force on the day of the transaction.
A VAT invoice may show its amounts in any currency, but the VAT payable must be stated in euro at that same rate. For an advance payment, use the rate in force at the start of the day the advance was received (VAT Law, Section 129(5)).
Weekends and holidays
The ECB does not publish on Saturdays, Sundays or TARGET closing days: 1 January, Good Friday, Easter Monday, 1 May, and 25 and 26 December. The last published rate stays in force.
| Transaction day | Uses the rate published on |
|---|---|
| Monday | the previous Friday |
| Tuesday | Monday |
| Wednesday | Tuesday |
| Thursday | Wednesday |
| Friday | Thursday |
| Saturday | Friday |
| Sunday | Friday |
On Latvian public holidays such as 4 May and 18 November the ECB publishes as usual.
Questions
- Which exchange rate goes on a foreign-currency invoice in Latvia?
- The ECB euro reference rate in force at the start of the day of the transaction, that is, the last rate the ECB published before that day. Section 7(3) of the Accounting Law sets this, and Section 129(5) of the VAT Law requires the VAT payable on a VAT invoice to be stated in euro at that same rate.
- Why doesn't today's ECB rate apply to today's invoice?
- The ECB publishes at around 17:00 Latvian time, but the law asks for the rate in force at the start of the day. The rate published today takes effect tomorrow, so a transaction today uses the rate published on the previous working day.
- Which ECB rate applies at weekends and on holidays?
- The ECB does not publish on Saturdays, Sundays or TARGET closing days, so the last published rate stays in force. Transactions on Saturday, Sunday and Monday use the rate published on Friday, and after Easter a Tuesday transaction uses the rate published on Thursday.
- Can I use my bank's exchange rate on an invoice?
- Not for the books or for the VAT amount on a VAT invoice: the Accounting Law makes the ECB euro reference rate the accounting rate. A bank's buying and selling rates are the prices at which it exchanges money, and they differ from the ECB rate. Latvijas Banka only republishes the ECB rates, so those are identical.
- What if the ECB publishes no rate for a currency?
- Then use the rate against the euro published by an internationally recognised financial information provider (Accounting Law, Section 7(2)). The State Revenue Service's guidance names the Financial Times, Bloomberg and Reuters as examples.
- How do I convert a foreign amount to euro?
- Divide the foreign amount by the ECB rate, because the rate says how many units of the currency one euro buys. For example, if the rate were 1.2000 USD per euro, 1,000 USD would be 833.33 EUR. To go from euro to the currency, multiply by the rate. Round only the final amount, never the rate.
- Does customs use the same rate?
- No. Customs value uses the ECB rate published on the penultimate Wednesday of each month, applied for the whole of the following month (Article 146 of Implementing Regulation (EU) 2015/2447 to the Union Customs Code). This page shows the daily rates for bookkeeping and invoices.
- Why is the Bulgarian lev missing from the table?
- Bulgaria adopted the euro on 1 January 2026 at 1 EUR = 1.95583 BGN, so the ECB stopped publishing a lev rate from 2 January 2026.
Invoices in foreign currency, with the right rate
Fakts looks up the ECB rate in force at the start of the invoice date and shows the amount in euro on the invoice, so you never copy a rate by hand.
Sources
- Accounting Law (Grāmatvedības likums), Section 7, in Latvian
- Value Added Tax Law, Section 129, in Latvian
- European Central Bank: euro foreign exchange reference rates
- Latvijas Banka: ECB euro reference rates
- LV portāls: euro changeover guidelines (2013), in Latvian
- State Revenue Service: exchange rate for customs value, in Latvian
Legal references checked: 25/09/2026