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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


    The Australian dollar (AUD) has been on an upward trajectory against the Euro (EUR) as of late due to various factors influencing both currencies. The AUD received a boost from the Reserve Bank of Australia (RBA) leaving the door open for future rate hikes, signaling a potentially more hawkish stance compared to other central banks. The AUD has been further supported by strong commodity prices and speculation of Federal Reserve (Fed) interest rate cuts in the US. The AUD's risk-sensitive nature has also played a role, with the currency benefiting from improved global growth prospects and higher demand for Australian exports such as iron ore.

    Conversely, the Euro has faced headwinds, particularly following underwhelming economic sentiment in Germany and political tensions in France. The European Parliamentary elections saw a poor performance by incumbent parties, adding to the challenges for the single currency. Risks surrounding the French elections and concerns about the Eurozone's economic outlook have put pressure on the Euro. The European Central Bank (ECB) is expected to consider easing policy in the near future, potentially adding to Euro weakness.

    Recent price data shows the AUD to EUR exchange rate trading near 90-day highs at 0.6197, reflecting a 1.6% increase from its 3-month average. Meanwhile, the OIL to USD price data is at 30-day highs near 85.41, which could impact the Euro given its sensitivity to oil prices. FX analysts anticipate ongoing AUD strength against the Euro, potentially pushing the exchange rate above the key level of 0.62. The overall market view suggests that the AUD is poised for further gains against the Euro, supported by favorable factors for the Australian currency and challenges facing the Eurozone.

    @bestfxrates : AUD rallies to 90-day highs against EUR at 0.6197, up 1.6%. RBA's hawkish hints, robust commodity prices, and favorable global growth outlook bolster AUD. Euro struggles amid political tensions & weak German sentiment. Market eyes potential 0.62 breach as ECB mulls easing. #AUDtoEUR #ForexUpdate

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    AUD to EUR Market Data

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

    1 AUD =
    0.6218We compare provider deals to this wholesale mid-market rate. Read more
    AUD to EUR is at 90-day highs near 0.6211, 1.8% above its 3-month average of 0.6103, having traded in a very stable 3.5% range from 0.6001 to 0.6211
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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.

    05 Jun 2024
    1.4% 2 Week
    21 Mar 2024
    2.6% 3 Month
    20 Jun 2023
    0.2% 1 Year
    21 Jun 2019
    2% 5 Year
    22 Jun 2014
    10% 10 Year
    24 Jun 2004
    8.1% 20 Year
    AUD/EUR historic rates & change to 19-Jun-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.

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

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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