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BOE-A-2026-4272 ·24 February 2026 ·Resolution Low impact
Administrative

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

The Bank of Spain publishes the euro exchange rates effective 23 February 2026, approved by the ECB, which are now official under Article 36 of Law 46/1998 (art. 36). These rates replace previous ones and must be used in financial operations, contracts, and official communications. The change affects all users of the euro in Spain, including businesses, individuals, and administrations.

In 2 key points

  1. Official exchange rates are updated every 24 hours according to the ECB (Article 36) (art. 36)
  2. 1 euro = 1.1784 US dollars (update of 23/02/2026) (CAMBIOS)

How it affects those involved

Business owners and individuals must update their financial calculations and contracts with the new exchange rates to avoid errors in pricing, payments or interest rates. Public administrations must revise their official communications and monetary records. Financial advisers should inform their clients about the new rates and review their operations. The risk of payment or cost discrepancies could be significant if updates are not made in time.

Lifecycle

2026-02-24PublishedPublished in the BOE
2026-03-02Into forceComes into force (disposición final)
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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