AUD to EUR Transfers Compared

   

The AUD has slipped recently, trading at a 7-day low of 0.5592 against the EUR. Risk aversion is dampening its appeal, while the euro benefits as a safe haven, despite pressures from weak Eurozone retail sales. Analysts suggest volatility may persist as global sentiment shifts

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What is the best Send Money conversion rate for AUD to EUR?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Euro (EUR) rates from different sources before making a conversion.

The above Aussie to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest AUD-EUR mid-rate and the possible savings of using various providers. 

How do AUD-EUR rates compare between providers?

The next best is XE at 0.556, -0.61% from the mid-rate.

Then Wise at 0.5557, which is -0.66% from the mid-rate.

The Western Union rate is 0.5538 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 0.5383 at -3.8% the ANZ Bank rate is 0.5398 at -3.5% and the ING Bank rate is 0.5364 at -4.1% compared to the mid-rate 0.5594.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.