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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

 

According to recent exchange rate analyst forecasts, the Australian Dollar (AUD) has been facing pressure due to mixed business confidence and global rate expectations, leading to a weakening trend against the Euro (EUR). The AUD has struggled through February amidst changing global rate expectations and falling commodity prices, trading within a range of 0.64 to 0.66 against the USD. On the other hand, the Euro (EUR) has been influenced by cooling German CPI and concerns about Eurozone economic weakness, potentially leading to rate cuts by the European Central Bank (ECB). The EUR/USD pair is forecasted to see a bullish trend, moving from 1.07 at the end of 2023 to 1.15 by the end of 2024, driven by potential rate cuts in the US and uncertainties surrounding ECB policy.

While the AUD to EUR exchange rate currently sits around 0.6045, just 0.6% below its 3-month average of 0.6082, it has been relatively stable in a range from 0.5991 to 0.6182. However, with the AUD facing challenges from global rate expectations and lower commodity prices, it may continue to experience pressure against the EUR. Additionally, the EUR's performance could be affected by Eurozone economic concerns and potential rate cuts by the ECB, especially with cooling German inflation figures impacting the single currency. It's worth noting that movements in oil prices, which are currently trading around 85.11 USD, 5.8% above the 3-month average, could also influence the EUR due to its impact on the Eurozone economy.

 
@bestfxrates : AUD faces headwinds against EUR, trading around 0.6045. Mixed Aus business confidence & commodity price dip weigh on $AUD. EUR outlook hinges on ECB response to cool German CPI & Eurozone worries. Eyes on oil prices & global rates' impact on AUD to EUR trends. #CurrencyUpdate #Forex

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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 =
0.6003We compare provider deals to this wholesale mid-market rate. Read more
EUR
+0.1%
📉1W
AUD to EUR at 0.6033 is just 0.7% below its 3-month average of 0.6077, having traded in a very stable 3.2% range from 0.5991 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
04 Mar 2024
0.5995
0.6% 2 Week
19 Dec 2023
0.6156
2% 3 Month
19 Mar 2023
0.6285
4% 1 Year
20 Mar 2019
0.6242
3.4% 5 Year
21 Mar 2014
0.6585
8.4% 10 Year
23 Mar 2004
0.6107
1.2% 20 Year
AUD/EUR historic rates & change to 18-Mar-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