Moving past Brexit, the currency markets have been pushing down the Euro out of fear that poor economic results from the Eurozone will into 2021.
The Euro continues to struggle in 2021 against the Aussie dollar with AUD/EUR near 2-YEAR HIGHS (near €0.64) due to the Aussie dollar strength and despite the resolution to Brexit negotiations.
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 Brexit.
The currency markets have been pushing down the Euro out of fear that poor economic results from the Eurozone will continue past the end of the year into 2021.
You can read more about AUD predictions in AUD Trends and Forecasts
AUD to EUR Exchange Rates – Compare and Save
Whether the Australian dollar will rise or drop in the future versus the yen is a difficult question and the answer really depends on many factors. The best way to consider the current AUD-EUR relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.
| AUD/EUR | Change | Period |
|---|---|---|
| 0.6495 19 Feb 2021 | 1.7% ▼ | 1 Week |
| 0.6320 27 Jan 2021 | 1% ▲ | 30 Days |
| 0.6173 28 Nov 2020 | 3.4% ▲ | 90 Days |
| 0.5984 27 Feb 2020 | 6.7% ▲ | 1 Year |
| 0.6519 28 Feb 2016 | 2.1% ▼ | 5 Years |
| 0.7364 01 Mar 2011 | 13.3% ▼ | 10 Years |
AUD/EUR 10 year historic rates & change to 26-Feb-2021 : 0.6383