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Avoid fees and find the best exchange rate when you want to exchange AUD for EUR.
Today’s mid-market rate
Refreshing in: 60s | Sat, Feb 29, 01:09PM GMT
Buy euros with Australian dollars
You could save money on your transfer with online transfer specialist. Transfers are fast and many don’t charge fees.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
When is the best time to buy?
The best time to buy currency depends on the general health of a country’s economy, its government policies and trade agreements. With elections coming up in much of Europe, and the tumultuous time for trade on the world stage, the euro could see a downturn in upcoming years.
How does the Australian dollar trade against the euro historically?
When the euro was introduced in January 1, 2002, the Aussie dollar was valued at 0.584832 per euro. The global financial crisis of 2008 moved the euro from a stable 0.5 to above 0.6 against the Australian dollar until December 2008, when it dropped to 0.497562.
Annual flooding in Australia from 2009 to 2015, caused the Aussie dollar to drop to a low 0.846033 to the euro in August 2012. Since then the euro has fluctuated between 0.6 and 0.75.
AUD to EUR exchange rate history
We’ve put together the average exchange rate for the Australian dollar against the euro for the past week.
1 AUD =
Average exchange rate over the past 6 months.
1 AUD =
Average exchange rate over the past 10 years.
1 AUD =
0.5500 Inverse: 0.4899
0.6984 Inverse: 0.6078
0.7391 Inverse: 0.6571
0.7874 Inverse: 0.6415
0.7879 Inverse: 0.6666
0.6693 Inverse: 0.5501
0.7047 Inverse: 0.5147
0.6644 Inverse: 0.5206
0.6874 Inverse: 0.5784
0.6247 Inverse: 0.5500
What affects AUD to EUR exchange rates?
Five economic and financial indicators affect how the Australian dollar trades with the euro: GDP, retail sales, industrial production, relative inflation rates and trade balances.
Less aggressive factors are consumer confidence, the strength of other currencies, investor speculation and day-to-day news about natural disasters, elections and new government policies.
When exchanging Australian dollars for euros, find a provider that show you both the buy or sell rate to find out its fees. Ultimately, the closer you can get to the mid-market rate, the better the deal.
Frequently asked questions
The mid-market rate is what your money’s actually worth on the global market compared to another currency. It’s the midpoint between worldwide supply and demand for that currency — and what the rate banks and transfer services use when they trade among themselves.
Use the mid-market rate as a baseline to compare against the rates provided by your bank or transfer service. With it, you’ll discover which companies offer the best rates.
The short answer: It depends on who you ask and what you’re measuring it against. The Australian dollar is among the world’s best-performing currencies, but not all economists agree it is trading at sustainable levels.
Yes, many money transfer specialists offer tools like limit orders and forward contracts for recurring payments. These tools allow you to lock in a more favorable rate for future transfers.
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