Key data
| Regulation | Resolution of June 16, 2026, from the Bank of Spain, publishing the euro exchange rates corresponding to June 16, 2026 |
|---|---|
| BOE Publication | June 17, 2026 |
| Effective date | June 16, 2026 |
| Affected parties | Companies with foreign currency operations, importers, exporters and financial entities |
| Category | Regulatory changes |
| Year | 2026 |
| Legal basis | Article 36 of Law 46/1998, of December 17, on the Introduction of the Euro |
| Source | European Central Bank / Bank of Spain |
If your company operates with dollars, pounds or yen, the rate at which you account for that operation is not optional: the Bank of Spain publishes daily official euro exchange rates set by the European Central Bank, and these are the legal reference for commercial, accounting and financial operations. The Resolution of June 16, 2026 establishes the rates in force that day, with immediate effect, under Article 36 of the Law 46/1998, of December 17, on the Introduction of the Euro.
What does this regulation establish?
The Bank of Spain acts as the official publication channel for exchange rates set daily by the European Central Bank. These rates have the status of official exchange rates in accordance with Article 36 of Law 46/1998, which means they are not merely indicative: they are the legal reference required in certain operations.
The rates published for June 16, 2026 are as follows:
| Currency | Code | Exchange rate (1 EUR =) |
|---|---|---|
| US dollar | USD | 1.1594 |
| Pound sterling | GBP | 0.86471 |
| Japanese yen | JPY | 185.94 |
The publication is daily and its effects are immediate from the stated date. This means that any commercial, accounting or financial operation carried out on June 16, 2026 that requires conversion to euros must use these rates as the official reference.
Economic and operational impact
The official exchange rate is not just a statistical figure: it has direct consequences on your company's income statement and regulatory compliance. These are the main areas of impact:
- Foreign currency accounting: Companies that record operations in USD, GBP or JPY must convert them to euros using the official rate of the transaction date. An error in this figure can generate incorrect exchange differences in the balance sheet.
- Customs settlements: The customs value of imported or exported goods is calculated in euros using the official rate. A higher euro rate against the dollar (1.1594 USD per euro) means that imports from the US are cheaper in euros.
- International contracts referenced to the official rate: If you have contracts with price revision clauses linked to the ECB rate, this is the applicable value on June 16, 2026.
- Tariff calculation: Tariff duties are calculated on the customs value expressed in euros, so the official rate directly affects the final import cost.
With the euro at 1.1594 USD, every 100,000 dollars invoiced equals approximately 86,252 euros. A variation of just one cent in the rate can mean differences of hundreds of euros in medium-volume operations.
Who does it affect?
- Importing companies: Must use this rate to calculate the customs value and tariffs on goods invoiced in USD, GBP or JPY.
- Exporting companies: Must account for foreign currency income at the official rate of the transaction date.
- Accounting and finance departments: Required to record exchange differences using the official ECB rates published by the Bank of Spain.
- Financial entities: Reference for exchange operations and valuation of foreign currency assets.
- Tax advisors and auditors: Must verify that currency conversions in their clients' annual accounts use the correct official rates.
- Companies with international contracts: Any contract that references the "official ECB rate" or the "rate published by the Bank of Spain" is bound by these values.
Practical example
A Spanish company imports machinery from Japan for a value of 10,000,000 JPY. The operation is carried out on June 16, 2026. To account for it and calculate the customs value, it must apply the official rate published in this resolution:
| Concept | Value |
|---|---|
| Amount in yen | 10,000,000 JPY |
| Official EUR/JPY rate (16/06/2026) | 185.94 JPY per euro |
| Equivalent in euros | 53,797.99 EUR (approx.) |
If the company had used an exchange rate different from the official one (for example, its commercial bank's rate), the customs valuation might not be accepted by the Tax Agency in case of inspection. Using the official rate published by the Bank of Spain is the guarantee of regulatory compliance.
Similarly, a company that collects an invoice of 50,000 USD that day must record the income as 43,126 EUR (50,000 ÷ 1.1594), using the official EUR/USD rate of 1.1594.
What should companies do now?
- Verify the rate applied in operations on June 16: If you have invoices, payments or collections in USD, GBP or JPY dated June 16, 2026, check that the conversion rate used in accounting matches the official rates published (1.1594 USD, 0.86471 GBP, 185.94 JPY).
- Update management systems: ERPs and accounting tools should incorporate the official daily ECB rates. Set up alerts or automatic updates so you don't depend on commercial rates in operations that require the official rate.
- Review pending customs settlements: If you have import or export declarations dated June 16, make sure the customs value has been calculated with these rates.
- Consult contracts with official rate clauses: Identify which international contracts reference the ECB or Bank of Spain rate and apply the values published in this resolution for any calculation on that date.
- Archive the resolution: Keep a reference to this BOE publication (BOE-A-2026-13202) as documentary support for the conversions applied on that date.
Frequently asked questions
What is the official euro/dollar exchange rate on June 16, 2026?
The official euro/US dollar exchange rate (EUR/USD) published by the Bank of Spain for June 16, 2026 is 1.1594 USD per euro. This rate has been set by the European Central Bank and has the status of official exchange rate in accordance with Article 36 of Law 46/1998.
What euro/pound and euro/yen exchange rate applies on June 16, 2026?
The official euro/pound sterling exchange rate (EUR/GBP) is 0.86471 GBP per euro, and the official euro/Japanese yen exchange rate (EUR/JPY) is 185.94 JPY per euro, both published in the Bank of Spain Resolution of June 16, 2026 (BOE-A-2026-13202).
Am I required to use the official ECB rate to account for foreign currency operations?
For certain operations—such as customs settlements, contracts referenced to the official rate and accounting records that require the ECB rate—yes, you are required to use the rates published by the Bank of Spain. For other commercial operations, the official rate is the recommended reference and the one that offers greater legal certainty in case of inspections.
Where are the official euro exchange rates published daily?
The official euro exchange rates are published daily in the Official State Gazette (BOE) by resolution of the Bank of Spain, which transmits the rates set by the European Central Bank. They are also available on the websites of the Bank of Spain and the ECB.
How does the official exchange rate affect tariff calculation on imports?
The customs value of imported goods is expressed in euros using the official rate in force on the date of the customs declaration. With the euro at 1.1594 USD, an import valued at 100,000 USD equals approximately 86,252 EUR, which is the basis on which tariff duties are calculated. Using a rate different from the official one can generate discrepancies in the customs settlement.
Official source
Consult complete regulation in official source
Notice: This article is for informational purposes only and does not constitute legal advice. For specific decisions, consult a qualified professional. Source: https://www.boe.es/diario_boe/txt.php?id=BOE-A-2026-13202