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AUD to EUR Forecasts

Should post-Brexit clarity emerge in 2020, euro strength should follow possibly resulting in lower AUD/EUR rates.

Australian dollar to Euro bank forecasts

The Euro has struggled in late November against the Aussie dollar with AUD/EUR approaching 6-MONTH HIGHS (0.62) due to the COVID-19 second-wave outbreak with France, Italy, and Germany – the Eurozone’s three largest economies – entering lockdowns once more.

The EUR enjoyed gains off the back of recent USD sell-off but the economic outlook for the bloc continues to be of concern. Economists have warned that the fresh round of COVID-19 restrictions imposed could plunge the bloc back into contraction for the final quarter of the year. November Currency Update

The currency markets have been pushing down the Euro out of fear that poor economic results from the Eurozone will continue through the end of the year.

 

AUDEUR Trend & Alerts

AUDEUR at 0.6119 is near its 90-DAY average, range 0.5961-0.619.
🔔 AUDEUR is DOWN 0.6% TODAY.
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Alert:1-DAY0.6% |
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Note that forecasts and predictions for the AUD/EUR exchange rate change all the time, affected by news events and relative sentiment towards the Australian and Eurzone economies and this exchange rate is even more volatile than usual because of the uncertainties around Brexit.

You can read more about AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.

 

AUD to EUR Exchange Rates – Compare and Save

 

What is a good AUD to EUR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider the current AUD-EUR relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

AUD/EURChangePeriod
0.6191
24 Nov 2020
1.3% ▼1 Week
0.6019
01 Nov 2020
1.5% ▲30 Days
0.6186
02 Sep 2020
1.3% ▼90 Days
0.6155
02 Dec 2019
0.8% ▼1 Year
0.6712
03 Dec 2015
9% ▼5 Years
0.7409
04 Dec 2010
17.6% ▼10 Years

AUD/EUR 10 year historic rates & change to 01-Dec-2020 : 0.6108

 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.