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Best Exchange Rates

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Compare AUD to EUR foreign transfers

Use our comparison table to find the best exchange rates for Euro foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$AUD
€EUR

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Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes

AUD-EUR Foreign Transfers - Compare

Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
6,169 EUR
Best Overall
0.616901.52%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
6,175 EUR
6 EUR
0.61750^1.42%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
BankSA International Money Transfers
BankSA logo
6,032.9 EUR
136 EUR
0.604520.013.69%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
6,032.31 EUR
137 EUR
0.6045213.7%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
6,007.92 EUR
161 EUR
0.6026304.09%Online, Branch, Bank Transfers2-3 days
 
ANZ Bank logo
6,001.18 EUR
168 EUR
0.6012184.2%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
5,992.79 EUR
176 EUR
0.6006224.33%Online, Branch, Bank Transfers2-3 days
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
5,971 EUR
198 EUR
0.5983154.67%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
5,955.42 EUR
214 EUR
0.59596 4.93%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
5,941.09 EUR
228 EUR
0.5953205.16%Online, Branch, Bank Transfers2-3 days
 
Westpac logo
5,807.36 EUR
362 EUR
0.5819207.29%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:0.6169 (1.52% from mid-rate)
EUR amount:6,169 EUR
Total Cost:1.52%
Time:6:05 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:0.6175 (1.42% from mid-rate)
EUR amount:6,175 EUR
Total Cost:1.42%
Difference:
6 EUR more than using TorFX
Time:
Rate Fetched: Sat Mar 23 2019 06:00:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
BankSA: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:0.6045 (3.5% from mid-rate)
EUR amount:6,032.9 EUR
Total Cost:3.69%
Difference:
136 EUR less than using TorFX
Time:
Rate Fetched: website - 6:05 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:0.6045 (3.5% from mid-rate)
EUR amount:6,032.31 EUR
Total Cost:3.7%
Difference:
137 EUR less than using TorFX
Time:
Rate Fetched: website - 6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Queensland: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:0.6026 (3.8% from mid-rate)
EUR amount:6,007.92 EUR
Total Cost:4.09%
Difference:
161 EUR less than using TorFX
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6012 (4.02% from mid-rate)
EUR amount:6,001.18 EUR
Total Cost:4.2%
Difference:
168 EUR less than using TorFX
Time:
Rate Fetched: website - Sat Mar 23 2019 05:03:05 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:0.6006 (4.12% from mid-rate)
EUR amount:5,992.79 EUR
Total Cost:4.33%
Difference:
176 EUR less than using TorFX
Time:
Rate Fetched: website - Sat Mar 23 2019 05:05:02 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
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.6122 (2.27% from mid-rate)
EUR amount:5,971 EUR
Total Cost:4.67%
Difference:
198 EUR less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Commonwealth Bank (CBA): Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.5959 (4.87% from mid-rate)
EUR amount:5,955.42 EUR
Total Cost:4.93%
Difference:
214 EUR less than using TorFX
Time:
Rate Fetched: website - Sat Mar 23 2019 06:02:01 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:0.5953 (4.96% from mid-rate)
EUR amount:5,941.09 EUR
Total Cost:5.16%
Difference:
228 EUR less than using TorFX
Time:
Rate Fetched: website - 6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Westpac: Foreign Transfer AUD→EUR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.5819 (7.1% from mid-rate)
EUR amount:5,807.36 EUR
Total Cost:7.29%
Difference:
362 EUR less than using TorFX
Time:
Rate Fetched: website - Sat Mar 23 2019 05:04:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the AUD-EUR mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-EUR exchange rate.

Currency news and forecasts for Australian Dollar and Euro

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs EUR, you should pay attention to both Australian Dollar and Euro news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Euro (EUR) - Market news and forecasts

Between November and February, the euro was remarkably stable relative to the US dollar, against which it traded for the most part between $1.125 and $1.155. In the days leading up to this report, in March, the euro broke downwards to a 21-month low of $1.118.

Further to Brexit uncertainty, euro weakness followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 at the earliest as part of an effort to lift the eurozone economy out of this “period of continued weakness.”

ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against the dollar over the coming months. Danske Bank predicted a euro dip towards $1.1 before a rally over 3-6 months back into a $1.12-1.16 range.