Skip to content
BOE-A-2026-11171 ·23 May 2026 ·Act critical
Administrative

Businesses and individuals: 3-month window to update official exchange rates or face deviation risks

The Bank of Spain Resolution publishes the official euro exchange rates for 22 May 2026, in accordance with Article 36 of Law 46/1998. These rates carry official status and must be used by companies, individuals, and public administrations in financial transactions. This update directly affects the calculation of foreign currency amounts, particularly regarding exports, imports, and international payments.

In 3 key points

  1. Official euro exchange rates are updated daily according to the ECB (Art. 36 of Law 46/1998) (art. 36 Ley 46/1998)
  2. 1 euro = 1.1595 US dollars (official rate for 22/05/2026) (cambio 1 euro = 1,1595 dólares USA)
  3. Rates are considered official from the date of publication in the BOE (art. 36 Ley 46/1998)

How it affects those involved

Companies conducting foreign currency transactions must update their price and cost calculations based on the new official rates. Individuals making foreign currency purchases or sales may see changes in their quotes. Public administrations must adjust their international financing and procurement processes. Financial advisors should communicate the update to their clients to prevent calculation errors.

Lifecycle

2026-05-23PublishedPublished in the BOE
2026-05-23Into forceComes into force (art. 36 Ley 46/1998)
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