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AUD/EUR - Convert Compare Save

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.

 

This resource page for the Australian Dollar to Euro exchange rate, has news, forecasts and AUD to EUR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

AUD/EUR Exchange Rates - How to Compare & Save

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
TorFX logo
5,927 EUR
Best Overall
0.592701.33%
OFX (OzForex) logo
5,959 EUR
32 EUR
0.59590^0.8%
WorldFirst logo
5,977 EUR
50 EUR
0.597700.5%
ANZ Bank logo
5,878.4 EUR
49 EUR
0.5889182.14%
National Australia Bank (nab) logo
5,819.17 EUR
108 EUR
0.5832223.13%
Westpac logo
5,807.36 EUR
120 EUR
0.5819203.32%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Queensland logo Bank of Melbourne logo BankSA logo
5,797 EUR
130 EUR
0.5809153.49%
BankSA International Money Transfers
BankSA logo
5,785.4 EUR
142 EUR
0.579720.013.69%
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
5,784.83 EUR
142 EUR
0.5797213.7%
Commonwealth Bank (CBA) logo
5,778.53 EUR
148 EUR
0.57826 3.8%
St George Bank logo
5,764.45 EUR
163 EUR
0.5776204.04%
Bank of Queensland logo
5,761.66 EUR
165 EUR
0.5779304.08%
TorFX: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.5927 (1.33% from mid-rate)
EUR amount:5,927 EUR
Total Cost:1.33%
Time:12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
OFX (OzForex): Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:0.5959 (0.8% from mid-rate)
EUR amount:5,959 EUR
Total Cost:0.8%
Difference:
32 EUR more than using TorFX
Time:
Rate Fetched: 12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:
Exchange Rate:0.5977 (0.5% from mid-rate)
EUR amount:5,977 EUR
Total Cost:0.5%
Difference:
50 EUR more than using TorFX
Time:12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.5889 (1.96% from mid-rate)
EUR amount:5,878.4 EUR
Total Cost:2.14%
Difference:
49 EUR less than using TorFX
Time:
Rate Fetched: website - Sun Aug 25 2019 09:03:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:0.5832 (2.91% from mid-rate)
EUR amount:5,819.17 EUR
Total Cost:3.13%
Difference:
108 EUR less than using TorFX
Time:
Rate Fetched: website - Sun Aug 25 2019 09:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
Westpac: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.5819 (3.13% from mid-rate)
EUR amount:5,807.36 EUR
Total Cost:3.32%
Difference:
120 EUR less than using TorFX
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.5883 (2.06% from mid-rate)
EUR amount:5,797 EUR
Total Cost:3.49%
Difference:
130 EUR less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
BankSA: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:0.5797 (3.5% from mid-rate)
EUR amount:5,785.4 EUR
Total Cost:3.69%
Difference:
142 EUR less than using TorFX
Time:
Rate Fetched: website - 12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Melbourne: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:21
Exchange Rate:0.5797 (3.5% from mid-rate)
EUR amount:5,784.83 EUR
Total Cost:3.7%
Difference:
142 EUR less than using TorFX
Time:
Rate Fetched: website - 12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.5782 (3.75% from mid-rate)
EUR amount:5,778.53 EUR
Total Cost:3.8%
Difference:
148 EUR less than using TorFX
Time:
Rate Fetched: website - Sun Aug 25 2019 10:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.5776 (3.85% from mid-rate)
EUR amount:5,764.45 EUR
Total Cost:4.04%
Difference:
163 EUR less than using TorFX
Time:
Rate Fetched: website - 12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Bank of Queensland: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:0.5779 (3.8% from mid-rate)
EUR amount:5,761.66 EUR
Total Cost:4.08%
Difference:
165 EUR less than using TorFX
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Snapshot 08/25/2019 - 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
Travelex Online AU logo
585.90 EUR
Best Overall
0.5859$0 BPay, Card 0.72%-1%2.46%
ANZ Bank logo
583.01 EUR
2.89 EUR
0.5889A$102.94%
Australia Post logo
579.70 EUR
6.2 EUR
0.5797$0 BPay, Card 0.72%-1%3.5%
Travel Money Oz logo
576.80 EUR
9.1 EUR
0.5768A$03.98%
Westpac logo
576.08 EUR
9.82 EUR
0.5819A$104.1%
Commonwealth Bank (CBA) logo
575.09 EUR
11 EUR
0.5809A$104.26%
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo Bank of Melbourne logo BankSA logo
572.97 EUR
13 EUR
0.5800104.62%
St George Bank logo
571.60 EUR
14 EUR
0.5803A$154.84%
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
571.00 EUR
15 EUR
0.5797A$154.94%
BankSA Foreign Currency
BankSA logo
571.00 EUR
15 EUR
0.5797A$154.94%
National Australia Bank (nab) logo
563.01 EUR
23 EUR
0.5687106.27%
Travelex Online AU: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:0.5859 (2.46% from mid-rate)
EUR amount:585.90 EUR
Total Cost:2.46%
Time:
Rate Fetched: Sun Aug 25 2019 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
ANZ Bank: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.5889 (1.96% from mid-rate)
EUR amount:583.01 EUR
Total Cost:2.94%
Time:
Rate Fetched: website - Sun Aug 25 2019 09:03:03 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
Australia Post: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:0.5797 (3.5% from mid-rate)
EUR amount:579.70 EUR
Total Cost:3.5%
Time:12:00 Local
Currency Services:Online order, Branch pickup, $10 fee for orders under $1000
Delivery/Collect:2-3 days
Rating:
 
: 4/5.0
Reviews:
Travel Money Oz: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:A$0 AUD (0 BPay, Credit Card 1%)
Exchange Rate:0.5768 (3.98% from mid-rate)
EUR amount:576.80 EUR
Total Cost:3.98%
Time:
Rate Fetched: 12:00 Local
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
Westpac: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.5819 (3.13% from mid-rate)
EUR amount:576.08 EUR
Total Cost:4.1%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:0.5809 (3.3% from mid-rate)
EUR amount:575.09 EUR
Total Cost:4.26%
Time:
Rate Fetched: website - Sun Aug 25 2019 10:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.5710 (4.94% from mid-rate)
EUR amount:572.97 EUR
Total Cost:4.62%
Currency Services:Branch
Delivery/Collect:-
St George Bank: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.5803 (3.4% from mid-rate)
EUR amount:571.60 EUR
Total Cost:4.84%
Time:
Rate Fetched: website - 12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Bank of Melbourne: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.5797 (3.5% from mid-rate)
EUR amount:571.00 EUR
Total Cost:4.94%
Time:
Rate Fetched: website - 12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
BankSA: Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:0.5797 (3.5% from mid-rate)
EUR amount:571.00 EUR
Total Cost:4.94%
Time:
Rate Fetched: website - 12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→EUR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:0.5687 (5.33% from mid-rate)
EUR amount:563.01 EUR
Total Cost:6.27%
Time:
Rate Fetched: website - 12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

AUD to EUR interbank exchange rate = 0.6007

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on AUD/EUR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

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. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

Euro (EUR)

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 and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

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