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The Bank of Spain Resolution publishes the Euro exchange rates for 5 March 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 for financial transactions, contracts, and tax returns. This change affects all users of foreign currencies in Spain, particularly regarding international payments, invoicing, and tax calculations.
Businesses and individuals making international payments or invoicing in foreign currencies must update their calculations with the new official rates from 5 March. Tax authorities and financial institutions must apply these rates in their review and control processes. Financial advisors and accountants should review their calculations and adjust reports to prevent errors in filings. The risk of discrepancy increases if previous rates are used due to a failure to update in time.
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