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AUD to EUR - Rate Guide

Australian Dollar to Euro exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD/EUR update & alerts

1 AUD = 0.6209 EUR

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AUD to EUR - Trading Range (90 Day)
no alerts
AUD/EUR at 0.6198 is trading near the 90-day average 0.6182 with a range 0.6105 to 0.6259. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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AUD/EUR Exchange Rates and Providers Compared

This guide to the Australian Dollar to Euro exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to EUR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/EUR Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/EUR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

AUD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee AUDTotal CostDeal Links
WorldFirst logo
6,178
Best Overall
0.617800.5%
OFX (OzForex) logo
6,159
€19 less
0.61590^0.81%
TorFX logo
6,062
€116 less
0.606202.37%
BankSA International Money Transfers
BankSA logo
5,980.01
€198 less
0.599220.013.69%
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
5,979.42
€199 less
0.5992213.7%
ANZ Bank logo
5,967.24
€211 less
0.5978183.89%
Bank of Queensland logo
5,955.08
€223 less
0.5973304.09%
National Australia Bank (nab) logo
5,922.94
€255 less
0.5936224.61%
Banks - Average Rate
Westpac logo National Australia Bank (nab) logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Queensland logo Bank of Melbourne logo BankSA logo
5,921
€257 less
0.5933154.64%
Westpac logo
5,864.25
€314 less
0.5876205.55%
Commonwealth Bank (CBA) logo
5,856.48
€322 less
0.5866 5.68%
St George Bank logo
5,842.29
€336 less
0.5854205.91%
 
WorldFirst logo
WorldFirst: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:
Exchange Rate:0.6178 (0.5% from mid-rate)
To Amount (EUR)6,178
Total Cost:0.5%
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX (OzForex) logo
OFX (OzForex): Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:0.6159 (0.81% from mid-rate)
To Amount (EUR)6,159
Total Cost:0.81%
Difference:
€19 EUR less than using WorldFirst
Time:
Rate Fetched: 18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:0.6062 (2.37% from mid-rate)
To Amount (EUR)6,062
Total Cost:2.37%
Difference:
€116 EUR less than using WorldFirst
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
BankSA logo
BankSA: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:20.01
Exchange Rate:0.5992 (3.49% from mid-rate)
To Amount (EUR)5,980.01
Total Cost:3.69%
Difference:
€198 EUR less than using WorldFirst
Time:
Rate Fetched: website - 18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of Melbourne logo
Bank of Melbourne: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:21
Exchange Rate:0.5992 (3.49% from mid-rate)
To Amount (EUR)5,979.42
Total Cost:3.7%
Difference:
€199 EUR less than using WorldFirst
Time:
Rate Fetched: website - 18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
ANZ Bank logo
ANZ Bank: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:18
Exchange Rate:0.5978 (3.72% from mid-rate)
To Amount (EUR)5,967.24
Total Cost:3.89%
Difference:
€211 EUR less than using WorldFirst
Time:
Rate Fetched: website - Sun Jan 19 2020 17:03:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Bank of Queensland logo
Bank of Queensland: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:30
Exchange Rate:0.5973 (3.8% from mid-rate)
To Amount (EUR)5,955.08
Total Cost:4.09%
Difference:
€223 EUR less than using WorldFirst
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
National Australia Bank (nab) logo
National Australia Bank (nab): Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:22
Exchange Rate:0.5936 (4.4% from mid-rate)
To Amount (EUR)5,922.94
Total Cost:4.61%
Difference:
€255 EUR less than using WorldFirst
Time:
Rate Fetched: website - Sun Jan 19 2020 17:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:15
Exchange Rate:0.6016 (3.11% from mid-rate)
To Amount (EUR)5,921
Total Cost:4.64%
Difference:
€257 EUR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Westpac logo
Westpac: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:20
Exchange Rate:0.5876 (5.36% from mid-rate)
To Amount (EUR)5,864.25
Total Cost:5.55%
Difference:
€314 EUR less than using WorldFirst
Time:
Rate Fetched: website - Sat Jan 18 2020 21:30:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Commonwealth Bank (CBA) logo
Commonwealth Bank (CBA): Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:6
Exchange Rate:0.586 (5.62% from mid-rate)
To Amount (EUR)5,856.48
Total Cost:5.68%
Difference:
€322 EUR less than using WorldFirst
Time:
Rate Fetched: website - Sun Jan 19 2020 17:02:01 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
 
St George Bank logo
St George Bank: Foreign Transfer AUD→EUR
From Amount (AUD)A$10,000
Fee:20
Exchange Rate:0.5854 (5.72% from mid-rate)
To Amount (EUR)5,842.29
Total Cost:5.91%
Difference:
€336 EUR less than using WorldFirst
Time:
Rate Fetched: website - 18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount EUR(€)Exchange RateFee AUDTotal CostDeal Links
Foreign Xchange logo
603.20
Best Overall
0.6032$10 Home Delivery & AusPost collect2.85%
ANZ Bank logo
591.82
€11 less
0.5978A$104.68%
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
590.21
€13 less
0.5992A$154.94%
BankSA Foreign Currency
BankSA logo
590.21
€13 less
0.5992A$154.94%
Commonwealth Bank (CBA) logo
582.91
€20 less
0.5888A$106.12%
Westpac logo
581.72
€21 less
0.5876A$106.31%
St George Bank logo
579.38
€24 less
0.5882A$156.69%
 
Foreign Xchange logo
Foreign Xchange: Travel Money AUD→EUR
From Amount (AUD)A$1,000
Fee:$10 Home Delivery & AusPost collect, No other Fees
Exchange Rate:0.6032 (2.85% from mid-rate)
To Amount (EUR)603.20
Total Cost:2.85%
Time:18:00 Local
Currency Services:Order online. Home Delivery and Australia Post Collection for a flat $10 fee
Delivery/Collect:3 business days
Rating:
 
: 4/5.0
Reviews:
 
ANZ Bank logo
ANZ Bank: Travel Money AUD→EUR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:0.5978 (3.72% from mid-rate)
To Amount (EUR)591.82
Total Cost:4.68%
Time:
Rate Fetched: website - Sun Jan 19 2020 17:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 
Bank of Melbourne logo
Bank of Melbourne: Travel Money AUD→EUR
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.5992 (3.49% from mid-rate)
To Amount (EUR)590.21
Total Cost:4.94%
Time:
Rate Fetched: website - 18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
BankSA logo
BankSA: Travel Money AUD→EUR
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.5992 (3.49% from mid-rate)
To Amount (EUR)590.21
Total Cost:4.94%
Time:
Rate Fetched: website - 18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Commonwealth Bank (CBA) logo
Commonwealth Bank (CBA): Travel Money AUD→EUR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:0.5888 (5.17% from mid-rate)
To Amount (EUR)582.91
Total Cost:6.12%
Time:
Rate Fetched: website - Sun Jan 19 2020 17:02:01 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 
Westpac logo
Westpac: Travel Money AUD→EUR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:0.5876 (5.36% from mid-rate)
To Amount (EUR)581.72
Total Cost:6.31%
Time:
Rate Fetched: website - Sat Jan 18 2020 21:30:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
St George Bank logo
St George Bank: Travel Money AUD→EUR
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.5882 (5.27% from mid-rate)
To Amount (EUR)579.38
Total Cost:6.69%
Time:
Rate Fetched: website - 18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

AUD to EUR Forecasts

Should Brexit clarity emerge in 2019, euro strength should follow and this would compound Aussie weakness, resulting in lower AUD/EUR rates.  Read more

AUDEUR blended flags

AUD and EUR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs EUR, you should pay attention to the recent market trends for both currencies.

Australian Dollar (AUD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.

At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations.

For AUD forecasts and predictions read our Australian Dollar Forecasts report.

Read more in the article AUD Forecasts.

 

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

Read more in the article EUR Forecasts.

Why can't I just get the AUD/EUR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / EUR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

AUDEUR blended flags

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AUD Exchange Rates