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BOE-A-2026-2885 ·7 February 2026 ·Act critical
Administrative

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

The Bank of Spain Resolution publishes the euro exchange rates for 6 February 2026, set by the ECB, which are now official under Article 36 of Law 46/1998. These rates supersede previous ones and must be used in financial transactions, contracts, and official communications. This change affects all exchange rate users in Spain, particularly in sectors reliant on international operations.

In 3 key points

  1. Official exchange rates are updated daily according to the ECB (Art. 36 Law 46/1998) (art. 36 Ley 46/1998)
  2. 1 euro = 1.1794 US dollars (official rate for 06/02/2026) (cambio 1 euro = 1,1794 dólares USA)
  3. Rates must be used in financial transactions and international contracts (art. 36 Ley 46/1998)

How it affects those involved

Businesses and individuals conducting international transactions must update their financial calculations with the new official rates. Financial institutions must adjust their internal systems and publish the new rates on their platforms. Financial advisors and asset managers must review their calculation models and foreign exchange exposure risks. Using outdated rates may lead to losses or discrepancies in contracts.

Lifecycle

2026-02-07PublishedPublished in the BOE
2026-02-06Into forceComes into force (Resolución de 6 de febrero 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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