Euro foreign exchange reference rates are based on a regular daily concentration procedure between central banks of the European System of Central Banks and other central banks, which takes place every working day at 3.15 p.m. (Lithuania's local time), and they reflect the foreign exchange market situation at the given moment. The rates are published on the European Central Bank's website around 5.00 p.m. (Lithuania's local time) and republished on Lietuvos bankas website.
Euro foreign exchange reference rates are published according to the same calendar as used by the Trans-European Automated Real-time Gross settlement Express Transfer System (TARGET2), i.e. every day, except Saturdays and Sundays, New Year's Day (1 January), Good Friday, Easter Monday, Labour Day (1 May), Christmas (25 and 26 December).
It should be noted that in publishing the euro foreign exchange reference rates, what the worth of 1 unit (euro) of the country’s currency is in foreign currency units is published, while in publishing the litas foreign exchange reference rates — what the worth of 1 unit of the foreign currency is in the country’s currency units (litas).
|The records of daily published euro foreign exchange reference rates in the database|
are from September 30, 2014 until January 24, 2017