The board · chalked 16 Oct 2026
What do the latest reference exchange rates and commodity prices show?
On 15 Oct 2026 the European Central Bank fixed the euro at 1.1208 US dollars, 3.6% below a year earlier. In World Bank data for September 2026, Brent crude averaged $116.80 a barrel and gold $4,319 a troy ounce. These are official reference figures, not dealing quotes.
Currencies
ECB reference · 15 Oct 2026
| Pair | Rate | Day | 1 yr |
|---|---|---|---|
| EUR/USD | 1.12080 | ▲ +0.12% | ▼ −3.6% |
| USD/JPY | 157.976 | ▼ −0.30% | ▲ +4.2% |
| GBP/USD | 1.32467 | ▼ −0.15% | ▼ −0.8% |
| USD/CHF | 0.83021 | ▼ −0.38% | ▲ +3.7% |
| AUD/USD | 0.69108 | ▼ −1.41% | ▲ +6.1% |
| USD/CAD | 1.42068 | ▼ −0.08% | ▲ +1.2% |
| NZD/USD | 0.56006 | ▼ −0.24% | ▼ −2.1% |
| EUR/GBP | 0.84610 | ▲ +0.27% | ▼ −2.8% |
| EUR/JPY | 177.060 | ▼ −0.19% | ▲ +0.5% |
| USD/CNY | 6.69102 | ▼ −0.03% | ▼ −6.1% |
Almanac notes
- Largest 12-month currency move: USD/TRY is 18.1% higher than on 15 Oct 2025 (41.8408 → 49.4176).
- Calmest and busiest pairs over the past year: USD/TRY had annualised volatility of 1.5%, against 11.2% for USD/ZAR.
- Biggest 12-month commodity moves: European natural gas (TTF) rose 128.6% from Sept 2025; Arabica coffee fell 17.8%.
- Largest one-month commodity move: Brent crude oil, up 28.5% from Aug 2026 to Sept 2026.
- At a five-year monthly high in Sept 2026: Copper. In the top tenth of their own monthly history since January 2000: Brent, Gas, Europe, Coal, AU, Gold, Silver, Platinum, Copper, Aluminium, Zinc, Coffee, Cocoa.
Commodities
World Bank · Sept 2026 average
| Commodity | Price | m/m | y/y | |
|---|---|---|---|---|
| Energy | ||||
| Brent | 116.8 | ▲ +28.5% | ▲ +71.8% | |
| WTI | 96.90 | ▲ +17.2% | ▲ +52.1% | |
| Dubai | 93.30 | ▲ +17.1% | ▲ +37.6% | |
| Gas, US | 2.95 | ▲ +6.5% | ▼ −0.7% | |
| Gas, Europe | 25.42 | ▲ +20.4% | ▲ +128.6% | |
| LNG, Japan | 14.25 | ▼ −6.7% | ▲ +24.2% | |
| Coal, AU | 147.1 | ▲ +8.8% | ▲ +38.4% | |
| Precious metals | ||||
| Gold | 4,319 | ▼ −2.1% | ▲ +17.7% | |
| Silver | 64.60 | ▼ −1.2% | ▲ +50.9% | |
| Platinum | 1,784 | ▲ +0.2% | ▲ +24.3% | |
| Base metals & ore | ||||
| Copper | 14,474 | ▲ +1.0% | ▲ +45.0% | |
| Aluminium | 3,283 | ▲ +1.0% | ▲ +23.7% | |
| Nickel | 16,324 | ▼ −2.5% | ▲ +8.1% | |
| Zinc | 4,021 | ▲ +3.8% | ▲ +37.1% | |
| Iron ore | 97.70 | ▲ +1.5% | ▼ −5.4% | |
| Grains & softs | ||||
| Wheat | 347.0 | ▲ +5.2% | ▲ +48.4% | |
| Maize | 239.6 | ▲ +7.0% | ▲ +21.4% | |
| Soybeans | 524.0 | ▲ +8.7% | ▲ +29.7% | |
| Rice | 482.0 | ▲ +2.3% | ▲ +28.9% | |
| Coffee | 7.26 | ▼ −8.9% | ▼ −17.8% | |
| Cocoa | 5.92 | ▼ −0.5% | ▼ −15.8% | |
| Sugar | 0.41 | ▲ +7.9% | ▲ +17.1% | |
Tools
- Historical currency converter
Convert any amount between 25 currencies at the ECB reference rate for a past date since January 2016.
- Percent change calculator
Percentage change, log return and annualised rate between two prices or two fixing dates.
From the almanac
- What do commodity price units mean?
Understand barrels, metric tons, troy ounces and energy units in commodity quotations, with worked conversions and the limits of comparing different benchmarks.
- Brent, WTI and Dubai crude oil compared
Compare Brent, WTI and Dubai crude oil benchmarks, their quality and location differences, and the limits of interpreting monthly World Bank price spreads.
- ECB euro reference rates explained
Learn how ECB euro reference exchange rates are set and published, which currencies they cover, and why these daily observations are not bank dealing rates.
- How to calculate a cross rate from euro reference rates
Calculate cross exchange rates from two ECB euro reference rates, with a worked USD/JPY example, reciprocal quotes, rounding guidance and practical limits.
- How to read a currency pair quote
Read currency pairs using base and quote currencies, bid and ask prices, pips and reciprocal rates, with worked examples and limits of reference quotations.
- Why does a monthly average differ from a daily price?
Compare monthly commodity averages with daily observations, understand smoothing and timing effects, and avoid confusing benchmark history with live prices.