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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

    AUDEUR chart
    90-DAY HIGH
    4-DAY +1.7%

    Recent forecasts suggest that the Australian dollar (AUD) may experience an upward trend against the Euro (EUR) heading into 2024. Currency market updates emphasize that FX analysts are largely optimistic about the AUD, citing interest rates, commodity prices, and risk appetite as key drivers. In 2022, the Reserve Bank of Australia (RBA) was conservative in raising interest rates compared to other central banks worldwide, which initially put the AUD under pressure. However, the market view indicates that as Australia's interest rate differentials narrow, with the country less likely to cut rates compared to others, the AUD could see a supportive lift. Furthermore, with the AUD recently achieving 90-day highs near 0.6083 against the EUR, this upward momentum is reinforced by market expectations that the RBA’s tightening cycle is ongoing.

    On the flip side, the outlook for the Euro appears mixed. JP Morgan and ING analysts have provided differing targets for the EUR/USD pair, indicating potential Euro strengthening. Danske Bank, however, forecasts a downward trend for the Euro. The currency's performance has been shadowed by concerns over consumer confidence in the Eurozone, which HSBC believes may precede macroeconomic weakness. This suggests that while some EUR strengthening is possible based on anticipated US monetary policy adjustments, uncertainties surrounding the European Central Bank's (ECB) interest rate plans and the overall Eurozone economy may limit the Euro's upside potential. Notably, the EUR has recently faced downward pressure following last year's drop below parity, fuelled by geopolitical tensions and ECB policy uncertainty. This sentiment may carry over, affecting the AUD to EUR exchange rate.

    Simultaneously, developments in the oil market depict a recent decline to USD 82.83, which is significantly below the 3-month average and indicative of a highly volatile environment. Given the Euro's sensitivity to oil price swings, this volatility could introduce additional complexity to the EUR's trajectory and hence impact the AUD/EUR exchange trajectory as well. With AUD rallying on the back of strong commodity prices and a solid risk appetite in the markets, both currencies are subject to a range of external factors that will ultimately shape the AUD to EUR exchange rate forecast moving into 2024.

    @bestfxrates : AUD's uptrend vs EUR into 2024 looks promising. Optimism from FX analysts driven by interest rates & commodities. RBA's tight cycle boosts AUD, while ECB uncertainty & volatile oil prices cloud EUR's prospects. Watch as AUDEUR aims to build on its 90-day high near 0.6083. #AUDtoEUR #ForexUpdate

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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 =
    0.6124We compare provider deals to this wholesale mid-market rate. Read more
    AUD to EUR is at 90-day highs near 0.6134, 2.0% above its 3-month average of 0.601, having traded in a very stable 3.5% range from 0.5929 to 0.6134
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    90-DAY HIGH
    4-DAY +1.7%

    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.

    17 Nov 2023
    2.6% 2 Week
    02 Sep 2023
    2.2% 3 Month
    01 Dec 2022
    5.4% 1 Year
    02 Dec 2018
    5.8% 5 Year
    03 Dec 2013
    8.9% 10 Year
    06 Dec 2003
    0.9% 20 Year
    AUD/EUR historic rates & change to 01-Dec-2023

    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.

    To help with this you can add AUD/EUR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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