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AUD to EUR Forecast

Should post-Brexit clarity emerge in 2020, euro strength should follow and this would compound Aussie weakness, resulting in lower AUD/EUR rates.

#Forecasts #AUD #EUR

Australian dollar to Euro bank forecasts

Some euro strength should follow a conclusion the recent exit of Britain from the EU and that currency strength would compound general Aussie weakness (see AUD/USD forecast).

Based on implied forecasts from Danske Bank and Westpac, AUD/EUR should be a lot lower in 2020, at rates between €0.56 and €0.60. Levels this low haven’t been seen since 2009.

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

AUD/EUR - 90 day trend
AUD/EUR at 0.6166 was trading 3.9% above AVG:0.5936 with LO:0.5428 and HI:0.6216 (90 days). There are no current rate alerts.

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.

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 an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the AUD to EUR exchange rate to the present day for periods going back upto 10 years:

 
AUD/EUR historic rateChange to 03-JulPeriod
0.6118  26 Jun 20200.9% ▲1 Week
0.6165  03 Jun 20200.1% ▲30 Days
0.5549  04 Apr 202011.2% ▲90 Days
0.6225  04 Jul 20190.8% ▼1 Year
0.6795  05 Jul 20159.2% ▼5 Years
0.6748  06 Jul 20108.5% ▼10 Years
AUD/EUR 10 year historic rates & changes to 03-Jul-2020 : 0.6173
 
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.
 
 

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