If you’re a forex investor or simply looking to trade Australian dollars for euros, get the most for your money with a strong exchange rate.
Today’s mid-market rate
The mid-market Australian dollar–to–euro exchange rate is 1 AUD = 0.73 EUR. (Rate accurate as of March 2, 2017.)
How does the Australian dollar trade against the euro historically?
Both the Australian dollar and the euro are fairly new currencies. In 1966, the Australian dollar was introduced to replace the Australian pound. At the time, the Aussie dollar was maintained under the Bretton Woods monetary system that established rules for the commercial and economic relationships among the US, Canada, Western Europe, Australia and Japan.
The euro was introduced on January 1, 2002. At the time, the Aussie dollar was valued at 0.584832 per euro. Due to the global financial crisis of 2008, the euro went from a stable 0.5 to above 0.6 against the Australian dollar until December 2008, when it dropped to 0.497562 and then rebounded to around 0.5.
Due to annual flooding in Australia from 2009 to 2015, the Aussie dollar has deterred and dropped to a low of 0.846033 to the euro in August 2012. Since then the euro has fluctuated between 0.6 and 0.75.
AUD > EUR exchange rate history
We’ve put together the annual average exchange rate for the Australian dollar against the euro from 2007 to 2016.
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Here’s the monthly average exchange rate for the Australian dollar to euros over the past 12 months.
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What affects AUD > EUR exchange rates?
Five economic and financial indicators affect how the Australian dollar trades with the euro: the country’s 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.
Compare today’s rates from providers who can send AUD to EUR
When exchanging Australian dollars for euros, find a provider that offers two-sided quotes to understand the spread they charge. If they show you only the buy or sell rate — but not both — consider looking elsewhere. Ultimately, the closer you can get to the mid-market rate, the better the deal.