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FAQs

Foreign Exchange

Which countries have adopted the Euro?
On January 1. 1999 the following 11 countries were the first to adop the euro: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. Many other countries have followed suit since then. Additional countries are planning to adapt the euro in the future. A recent list of countries that use the euro as their official currency can be found at the European Commission website under Economic and Financial Affairs.

Where can I find current and historical foreign exchange rates?
Daily foreign exchange rate information is available on the Board of Governors' website. Historical foreign exchange rate data, including a monthly list can also be found on the Board of Governors' website.

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Where can I obtain or exchange foreign currency?
You can obtain or exchange foreign currency from foreign exchange dealers, or from large commercial banks that offer this service. Check your yellow pages under "Foreign Exchange Brokers" or conduct an Internet search. Federal Reserve Banks do not offer this service.