Euro to Australian Dollar 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.
EUR/AUD at 1.7241 was trading 2.3% aboveAVG:1.6852 with LO:1.5977 and HI:1.886 (90 days). ALERTS: EUR/AUD was DOWN 4.4% this 7-DAY period and also dropped to 14-DAY LOWS.
To calculate your own EUR/AUD amounts use our
Convert EUR to AUD quick calculator.
Comparing Foreign Exchange Providers
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.
The Exchange rate you are offered can also 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 EUR/AUD International Money Transfers. Costs are calculated against the current interbank mid-rate.
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.
10 Load Currencies: AUD USD EUR GBP NZD HKD SGD CAD JPY THB. Overseas ATM withdrawal fee: FREE Card Purchase Fee: $5.00 Maximum Load Amount: $100,000 Monthly Fee : $4 (after 12 months inactive) Currency Conversion: 5.95% (when you withdraw a currency not loaded on your card) Offers 24/7 Global Emergency Assistance service with fee free emergency funds up to the available balance on the card
When determining the best time to make a foreign exchange transaction, in this case the EUR vs AUD, you should pay attention to the recent market trends for both currencies.
Euro (EUR)
Rabobank told Bloomberg TV in early April that they see the Euro holding its value in an otherwise difficult virus affected year for most currencies.
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.
The Australian dollar has been savaged in March sliding to US55 cents the lowest since 2003. Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD. The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also 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.
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).
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.
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the EUR to AUD exchange rate to the present day for periods going back upto 10 years.
*For period to 09-Apr 21UTC when EUR/AUD was 1.7241
When is the best time to exchange EUR to AUD?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
Eurozone (EUR)
Australia (AUD)
Aaland Islands (EUR)
Andorra (EUR)
Austria (EUR)
Belgium (EUR)
Christmas Island (AUD)
Cocos Keeling Islands (AUD)
Cyprus (EUR)
Estonia (EUR)
Finland (EUR)
France (EUR)
French Guinea (EUR)
French Southern Territories (EUR)
Germany (EUR)
Greece (EUR)
Guadeloupe (EUR)
Heard and McDonald Islands (AUD)
Vatican City (EUR)
Ireland (EUR)
Italy (EUR)
Kiribati (AUD)
Luxembourg (EUR)
Malta (EUR)
Martinique (EUR)
Mayotte (EUR)
Monaco (EUR)
Montenegro (EUR)
Nauru (AUD)
Netherlands (EUR)
Norfolk Island (AUD)
Portugal (EUR)
Reunion (EUR)
Saint Barthélemy (EUR)
Saint Martin (EUR)
Saint Pierre and Miquelon (EUR)
San Marino (EUR)
Slovakia (EUR)
Slovenia (EUR)
Spain (EUR)
Tuvalu (AUD)
