Skip to content
BOE-A-2026-10879 ·20 May 2026 ·Act critical
Administrative

Businesses and individuals: 3 months to update official exchange rates or risk discrepancies

The Bank of Spain Resolution publishes the official euro exchange rates for 19 May 2026, in accordance with Article 36 of Law 46/1998. These rates, such as the euro to US dollars or Japanese yen, are considered official for administrative and commercial purposes. This change affects all sectors that use official exchange rates in financial or commercial transactions.

In 2 key points

  1. 1 euro = 1.1620 US dollars (Art. 36 Law 46/1998) (1 euro = 1,1620 dólares USA)
  2. All published official rates have legal effect in commercial transactions (Art. 36 Law 46/1998) (de acuerdo con lo dispuesto en el artículo 36 de la Ley 46/1998)

How it affects those involved

Traders, businesses, and individuals conducting international transactions must update their price and cost calculations using the new official rates. Public administrations and financial institutions must use these rates in their official records. Financial advisors should review their reports and forecasts to adjust them to the new rates. The risk of conversion errors may increase if updates are not made in a timely manner.

Lifecycle

2026-05-20PublishedPublished in the BOE
2026-05-20Into forceComes into force (Resolución de 19 de mayo de 2026, del Banco de España)
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The administrative team reviews your specific situation.

Talk to the administrative team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact