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EUR to AUD - Rate Guide

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. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

EUR/AUD update & alerts

1 EUR = 1.6194 AUD

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EUR to AUD - Trading Range (90 Day)
no alerts
EUR/AUD at 1.6188 is trading near the 90-day average 1.6171 with a range 1.5977 to 1.6381. There are no current rate alerts.
26-Jan-2020 16:NY 21:LON 08:SYD+1d

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EUR/AUD Exchange Rates and Providers Compared

This guide to the Euro to Australian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to AUD 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 EUR/AUD 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 EUR/AUD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

EUR to AUD International Money Transfers

  

Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee EURTotal CostDeal Links
TorFX logo
A$7,909.5
Best Overall
1.581902.03%
OFX logo
A$8,008.5
A$99 more
1.60170 for BER users (normally $15)0.8%
WorldFirst logo
A$8,032.5
A$123 more
1.606500.5%
HSBC logo
A$7,751.36
A$158 less
1.5526€7.53.98%
Deutsche Bank International Money Transfers
Deutsche Bank logo
A$7,677.45
A$232 less
1.551€504.9%
Citibank International Money Transfers
Citibank logo
A$7,673.04
A$236 less
1.5383124.95%
Santander International Money Transfers
Santander logo
A$7,629.36
A$280 less
1.532205.5%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
A$7,612
A$297 less
1.5334125.72%
Bank of Ireland International Money Transfers
Bank of Ireland logo
A$7,583.4
A$326 less
1.532€506.06%
BNP Paribas International Money Transfers
BNP Paribas logo
A$7,552.71
A$357 less
1.5258€506.44%
Crédit Agricole International Money Transfers
Crédit Agricole logo
A$7,528.46
A$381 less
1.5209€506.75%
AIB Bank International Money Transfers
AIB Bank logo
A$7,496.78
A$413 less
1.5145€507.14%
 
TorFX logo
TorFX: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:0
Exchange Rate:1.5819 (2.03% from mid-rate)
To Amount (AUD) A$7,909.5
Total Cost:2.03%
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.6017 (0.8% from mid-rate)
To Amount (AUD) A$8,008.5
Total Cost:0.8%
Difference:
A$99 AUD more than using TorFX
Time:
Rate Fetched: 18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:
Exchange Rate:1.6065 (0.5% from mid-rate)
To Amount (AUD) A$8,032.5
Total Cost:0.5%
Difference:
A$123 AUD more than using TorFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:1.5526 (3.84% from mid-rate)
To Amount (AUD) A$7,751.36
Total Cost:3.98%
Difference:
A$158 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.5510 (3.94% from mid-rate)
To Amount (AUD) A$7,677.45
Total Cost:4.9%
Difference:
A$232 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:12
Exchange Rate:1.5383 (4.73% from mid-rate)
To Amount (AUD) A$7,673.04
Total Cost:4.95%
Difference:
A$236 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:20
Exchange Rate:1.5320 (5.12% from mid-rate)
To Amount (AUD) A$7,629.36
Total Cost:5.5%
Difference:
A$280 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:12
Exchange Rate:1.5272 (5.41% from mid-rate)
To Amount (AUD) A$7,612
Total Cost:5.72%
Difference:
A$297 AUD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.5320 (5.12% from mid-rate)
To Amount (AUD) A$7,583.4
Total Cost:6.06%
Difference:
A$326 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.5258 (5.5% from mid-rate)
To Amount (AUD) A$7,552.71
Total Cost:6.44%
Difference:
A$357 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.5209 (5.8% from mid-rate)
To Amount (AUD) A$7,528.46
Total Cost:6.75%
Difference:
A$381 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→AUD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.5145 (6.2% from mid-rate)
To Amount (AUD) A$7,496.78
Total Cost:7.14%
Difference:
A$413 AUD less than using TorFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/26/2020 - 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.

  

Australian dollar Travel Money

  

Travel Money ProvidersAmount AUD(A$)Exchange RateFee EURTotal CostDeal Links
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
A$1,442.23
Compare
1.4568€1010.68%
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→AUD
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:1.4568 (9.77% from mid-rate)
To Amount (AUD) A$1,442.23
Total Cost:10.68%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 01/26/2020 - See full table

EURAUD blended flags

EUR and AUD in the Markets

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)

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.

 

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.

Why can't I just get the EUR/AUD 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 EUR / AUD 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.

EURAUD 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 EUR Exchange Rates