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BOE-A-2026-13284 ·18 June 2026 ·Act critical
Administrative

Businesses and individuals: 1 month to update official exchange rates in euros

The Bank of Spain publishes official exchange rates for the euro as of June 17, 2026, based on the European Central Bank, effective under Article 36 of Law 46/1998. These rates are now official for financial, international trade, and tax purposes, affecting all users requiring official conversion rates.

In 2 key points

  1. Official exchange rates are updated monthly in accordance with the ECB (Art. 36 Law 46/1998) (art. 36 Ley 46/1998)
  2. 1 euro = 1.1591 US dollars (official exchange rate as of 17/06/2026) (CAMBIOS)

How it affects those involved

Businesses and individuals conducting international transactions must update their conversion calculations based on the new official rates. Public administrations and financial institutions using the euro as a reference unit must adjust their internal systems. Financial advisors and accountants should review their calculations to prevent errors in declarations and payments. The change does not entail new obligations, but does require a mandatory update of reference data.

Lifecycle

2026-06-18PublishedPublished in the BOE
2026-06-18Into forceComes into force (Resolución de 17 de junio de 2026, del Banco de España)
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

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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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