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BOE-A-2026-14496 ·3 July 2026 ·Act critical
Administrative

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

The Bank of Spain Resolution publishes the euro exchange rates for 2 July 2026, established by the ECB, which now have official effect (Art. 36 of Law 46/1998). These rates supersede previous ones and must be used in financial transactions, contracts, and official communications. The change affects all sectors using the euro as a unit of measurement in international transactions.

In 2 key points

  1. The exchange rates for 2 July 2026 are official and must be used in financial transactions (art. 36 Ley 46/1998)
  2. 1 euro = 1.1399 US dollars (official rate from 2 July 2026) (texto fuente)

How it affects those involved

Businesses and individuals conducting international operations must update their exchange rate calculations to avoid errors in pricing, costs, or revenue. Financial institutions must review their internal systems to reflect the new rates. Financial advisors and accountants should inform their clients of the update. The risk of discrepancy in commercial operations increases if the new rates are not adopted in a timely manner.

Lifecycle

2026-07-03PublishedPublished in the BOE
2026-07-03Into forceComes into force (texto fuente)
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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