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    AUD to EUR 2024 Forecasts

    Analysis of recent Aussie → Euro forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Australian dollar to Euro performance and trends.

     

    Forecasts for AUD to EUR

     

    Based on recent exchange rate analyst forecasts and market updates, the Australian Dollar (AUD) has shown strength due to improving risk appetite, but cautious meeting minutes from the Reserve Bank of Australia (RBA) may have limited its gains. Analysts predict that the AUD could strengthen throughout 2024 if there is a significant improvement in risk sentiment globally. However, concerns surrounding deflation in the Chinese economy, recession fears, and geopolitical tensions could dampen the currency's upside potential. The market is currently pricing in potential interest rate cuts by the Federal Reserve in 2024, which could influence the direction of the AUD.

    On the other hand, the Euro (EUR) has been supported by fading expectations of rate cuts from the European Central Bank (ECB). Forecasts suggest a cautiously optimistic outlook for the EUR against the US Dollar for 2024, potentially strengthening from current levels. However, concerns about economic weakness in the Eurozone and the potential for rate cuts by the ECB could weigh on the EUR. The Eurozone's economic performance and ECB policy decisions are key factors influencing the value of the Euro. Recent developments in consumer confidence in the UK and Eurozone have led some analysts to anticipate a reversal lower for the EUR in the coming months.

    Given the current AUD to EUR exchange rate of 0.6062, just below its 3-month average, and the AUD's sensitivity to commodity prices and risk sentiment, monitoring factors such as global growth dynamics, central bank policies, and geopolitical events will be crucial in evaluating future movements in the AUD/EUR pair. Additionally, the EUR's value may also be influenced by trends in oil prices, which have shown volatility recently, impacting the overall economic outlook and sentiment in the Eurozone.

     
    @bestfxrates : AUD/EUR steady at 0.6062, just shy of 3-mth avg. Strength in AUD from rising risk appetite, tempered by RBA minutes. Gains possible with global sentiment lift in '24, but China deflation, recession & geopolitical risks loom. EUR finds footing as ECB holds rates; outlook cautiously optimistic yet vulnerable to Eurozone's economic headwinds. Key drivers: central bank moves, global growth, and commodities. #AUDtoEUR #CurrencyUpdate #ForexMarket

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    AUD to EUR Market Data

    Australian dollar (AUD) to Euro (EUR) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 AUD =
    0.6062We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    -0.1%
    📉1W
    AUD to EUR is at 7-day lows near 0.6051, just 0.6% below its 3-month average of 0.6091, having traded in a very stable 2.8% range from 0.6013 to 0.6182
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    Compare & Save - Australian dollar to Euro

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Australian dollar (AUD) to Euro (EUR) rates from different sources before making a conversion.

    Use our AUD to EUR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Aussie to Euro currency rates and the possible savings of using various providers.

     
    DateAUD/EURChangePeriod
    07 Feb 2024
    0.6051
    0.1% 2 Week
    23 Nov 2023
    0.6016
    0.6% 3 Month
    21 Feb 2023
    0.6444
    6% 1 Year
    22 Feb 2019
    0.6288
    3.7% 5 Year
    23 Feb 2014
    0.6527
    7.2% 10 Year
    26 Feb 2004
    0.6192
    2.2% 20 Year
    AUD/EUR historic rates & change to 21-Feb-2024
     

    Will the Australian dollar rise against the Euro?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

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    Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more