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BOE-A-2026-11171 ·23 May 2026 ·Resolution Low impact
Administrative

Firms and individuals: 3 months to update official exchange rates or deviation risks

The Bank of Spain's resolution publishes the official euro exchange rates for 22 May 2026 under Article 36 of Law 46/1998. These rates are officially valid and must be used by firms, individuals and public administrations in financial transactions, directly affecting foreign currency calculations in exports, imports and international payments.

In 3 key points

  1. Official euro exchange rates are updated daily by the ECB (Article 36 of Law 46/1998) (art. 36 Ley 46/1998)
  2. 1 euro = 1.1595 US dollars (official rate as of 22/05/2026) (cambio 1 euro = 1,1595 dólares USA)
  3. Exchange rates are considered official from the day they are published in the BOE (art. 36 Ley 46/1998)

How it affects those involved

Companies conducting foreign exchange operations must update their pricing and cost calculations in line with the new official exchange rates. Individuals carrying out foreign exchange purchases or sales may notice changes in their quoted rates. Public administrations should adjust their international financing and contracting processes. Financial advisers must inform their clients of the update 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.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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