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BOE-A-2026-14232 ·30 June 2026 ·Resolution Low impact
Administrative

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

The Bank of Spain resolution publishes euro exchange rates effective from June 29, 2026, as per Article 36 of Law 46/1998. These rates are official and must be used in financial operations, contracts, and tax declarations. The change impacts all users of foreign currencies in Spain, especially in commercial and investment operations.

In 2 key points

  1. 1 euro = 1.1406 US dollars (art. 36 Law 46/1998) (art. 36 Ley 46/1998)
  2. All exchange rates are official from 29 June 2026 (art. 36 Ley 46/1998)

How it affects those involved

Businesses and individuals carrying out international transactions must update their exchange rate calculations from 29 June 2026. Tax and financial authorities will use these rates to verify declarations. Advisors should review their calculations and ensure that records reflect the new rates. Traders operating in foreign currencies may experience adjustments to their prices or costs.

Lifecycle

2026-06-30PublishedPublished in the BOE
2026-06-30Into forceComes into force (Resolución de 29 de junio de 2026, del Banco de España)
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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