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    AUD to EUR Forecasts

    The Aussie dollar has struggled against most currencies in mid 2021 including the Euro - falling to yearly lows.

    Updated: Oct 10, 2021  
     

    1 AUD = 0.6401 EUR
    Sell AUD  →  Buy EUR
    AUD to EUR at 0.6402 has risen 2.6% above its 90-day average, range 0.6095-0.6402.
    |
      1 EUR = 1.5623 AUD
     
    90-DAYHIGH

    Changing expectations around US Federal Reserve policy and a less positive outlook for global growth have weighed on the Aussie to Euro rate this year.

    However, increased gas prices heading into the northern winter have helped the AUD/EUR rate to rise back above the 0.63 level.

    AUD/EUR wasChangePeriod
    0.6275
    04 Oct 2021
    1.7% 2 Weeks
    0.6228
    20 Jul 2021
    2.5% 90 Days
    0.6054
    18 Oct 2020
    5.5% 1 Year
    0.7038
    19 Oct 2016
    9.3% 5 Years
    0.7446
    21 Oct 2011
    14.3% 10 Years
    0.5711
    23 Oct 2001
    11.8% 20 Years
    AUD/EUR change over periods to 18-Oct-2021

     

    Australian dollar to Euro Forecasts

    AUD/EUR in late September is hovering around 0.62, well down from its high of 0.65 in February.

    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 Eurozone economies and this exchange rate is even more volatile than usual because of the uncertainties around the pandemic.

    The emergence of Evergrande and other significant roadblocks such as energy shortages in Europe and China impacting the global economic recovery throughout September prompted a shift in the underlying risk narrative, causing unfavourable conditions for commodity currencies like the AUD. AUD Outlook

    Dollar strength and German political uncertainty sees the Eurozone single currency on the decline and at 1 YEAR LOWS versus the greenback touching the 1.15 level vs the greenback.

    There will be a close eye kept on Eurozone inflation data on October 29, any upside surprise could support the euro.

    EUR Outlook

     

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    Posted under: #Forecasts #AUD #EUR

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.