EUR to AUD mid-rate = 1.594
Right now the EUR/AUD market mid-rate is 1.594 and represents ideally how many Australian Dollar you can get for one Euro.
You can calculate equivalent Euro to Australian Dollar currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for EUR to AUD transfers or buying AUD travel money.
EUR / AUD Converter
1.594 Australian Dollar
Compare how much you can save on
EUR/AUD exchange rates for:
| AUD Country Guides | ||
|---|---|---|
 Australia |  Christmas Island |  Cocos Keeling Islands |
 Heard And McDonald Islands |  Kiribati |  Nauru |
 Norfolk Island |  Tuvalu |
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 |
|---|---|---|---|
| 21 Jan 2019 | 1.5891 | Latest | |
| 14 Jan 2019 | 1.5937 | 1 Week | -0.29% |
| 22 Dec 2018 | 1.6167 | 1 Month | -1.71% |
| 25 Jul 2018 | 1.5737 | 6 Months | +0.98% |
| 21 Jan 2018 | 1.5317 | 1 Year | +3.75% |
| 21 Jan 2017 | 1.4158 | 2 Years | +12.24% |
| 22 Jan 2014 | 1.5307 | 5 Years | +3.82% |
| 23 Jan 2009 | 1.9832 | 10 Years | -19.87% |
Best Rates for EUR/AUD Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from EUR to AUD.
Foreign Transfers - Exchange Rate Comparison
| Foreign Transfer Providers Ratings & Reviews | Receive AUD($) | Exchange Rate | Fee EUR | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
  OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 7,902.5 AUD Value & Rating | 1.5805 | 0 | 0.85% | Bank Transfers - Online & Phone | 1-2 days | |
 TorFX provide no fee transfers with good exchange rates and excellent customer service. More▾ | 7,898.5 AUD $4 less | 1.5797 | 0 | 0.9% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate          Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 7,557 AUD $345 less | 1.5217 | 12 | 5.19% | Online, Branch, Bank Transfers | 2-3 days |
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Travel Money - Exchange Rate Comparison
| Travel Money Providers Ratings & Reviews | Amount AUD($) | Exchange Rate | Fee EUR | Total Cost | Currency Services | Delivery/Collect | Deal Links |
|---|---|---|---|---|---|---|---|
 Get great travel money rates from Travelex when you order online. More▾ | 1,507 AUD Value & Rating | 1.507 | 0 | 5.46% | Online order, Branch pickup, Home delivery | 2-3 days | |
Banks - Average Rate  Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 1,442 AUD $65 less | 1.4582 | €10 | 9.55% | Branch | - |
OrderWhy 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.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
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. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
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
11-January-19: 2018 was a mixed year for the euro. A 4.6 percent loss versus the US dollar and a 3 percent loss versus the franc was offset by a near-6 percent gain versus the Australian dollar and small gains against the pound and Canadian dollar.
Risks to the euro in 2019 will include Brexit, slower economic growth and the Italian budget. The main supporting factor is the end of economic stimulus by the ECB, which may or may not be followed by an interest rate hike later in the year.
Forecasts: For the month of January, SEB recommend betting on euro depreciation versus JPY, SEK and NOK on grounds of seasonality.
In the months ahead, EUR/GBP should weaken from levels in the mid-£0.89s (as of January-11) according to Bank of America, since “all pathways are leading to a soft Brexit” — something that would be a shot in the arm to sterling.
For EUR/USD, both Danske Bank and Bank of America retain end-of-year forecasts of $1.25, from rates at the time of writing in the mid-$1.14s. $1.25 represents the equilibrium exchange rate for this pair, BAML researchers said.
Australian Dollar (AUD) - Market news and forecasts
17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.
By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.
Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.
One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”
In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.
