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.
Australian dollar to Euro Forecasts
The Euro continues to struggle in 2021 against the Aussie dollar with AUD/EUR near 2-YEAR HIGHS (over €0.64) due to the Aussie dollar strength and uncertainties over the Eurozone Covid vaccine roll-out.
AUDEUR at 0.6449is near its 90-day average, range 0.6373-0.6554.
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.
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.
30 Apr 2021
07 Apr 2021
06 Feb 2021
07 May 2020
08 May 2016
10 May 2011
AUD/EUR 10 year historic rates & change to 07-May-2021 : 0.6449
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