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 and Travel Money transactions as shown below.
Compare EUR/AUD Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for EUR/AUD International Money Transfers. Costs are calculated against the amount when EUR is converted to AUD at mid-rate.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
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7,866.5 AUD
Best Overall
1.5733
0
1.45%
Bank Transfers - Online & Phone, Foreign Currency Accounts
The below table shows a snapshot 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.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Right now the EUR/AUD interbank exchange rate is 1.5965.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Australian Dollar to Euro.
This EUR/AUD Converter calculates equivalent Euro to Australian Dollar amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
EUR / AUD converter & margin calculator
€EUR
$AUD
Mid-rates:
1 EUR =
1.5965AUD
1 AUD =
0.6264EUR
Compare how much you can save on EUR/AUD exchange rates for:
Euro to Australian Dollar (EUR-AUD) - 10 Year History
The below table shows the historic variation in the EUR/AUD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of EUR versus other currencies : EUR historical charts.
Date
Exchange Rate
Period
Change
22 Mar 2019
1.5926
Latest
15 Mar 2019
1.5984
1 Week
-0.36%
20 Feb 2019
1.5828
1 Month
+0.62%
23 Sep 2018
1.6148
6 Months
-1.37%
22 Mar 2018
1.6016
1 Year
-0.56%
22 Mar 2017
1.4072
2 Years
+13.18%
23 Mar 2014
1.5162
5 Years
+5.04%
24 Mar 2009
1.9320
10 Years
-17.57%
Why can't I just get the EUR/AUD market rate I see on Google or in the Media?
The EUR/AUD mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the EUR / AUD was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market EUR/AUD midrate the better deal you are getting.
The three things you need in order to get a good EUR to AUD exchange rate
Know the latest EUR/AUD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for Euro and Australian Dollar
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the EUR vs AUD, you should pay attention to both Euro and Australian Dollar news and forecasts.
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.
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).
Australia
Christmas Island
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Heard And McDonald Islands
Kiribati
Nauru
Norfolk Island
Tuvalu