Live Rate
Refreshing in: 60s | Fri, 22 Mar 11:44pm GMT
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Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
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Australian dollar
| Currency: | Australian dollar |
| Currency Symbol: | $ |
| Sub unit: | cents |
| Sub unit symbol: | c |
| Bank notes: | $5, $10, $20, $50, $100 |
| Coins: | 5c, 10c, 20c, 50c, $1, $2 |
Euro
| Currency: | Euro |
| Currency Symbol: | € |
| Sub unit: | cent |
| Sub unit symbol: | c |
| Bank notes: | €5, €10, €20, €50, €100, €200, €500 |
| Coins: | 1c, 2c, 5c, 10c, 20c, 50c, €1, €2 |
The euro is the official currency of the Eurozone and is accepted in the following countries:
| Australian dollars (AUD) | Euros (EUR) |
|---|---|
| $1 | 0 |
| $100 | 0 |
| $500 | 0 |
| $1000 | 0 |
| $1500 | 0 |
| $2500 | 0 |
| $5000 | 0 |
Keep these tips in mind to ensure that you find the best exchange rate on offer:
The mid-market rate is the one you commonly see on XE or Google. It's the mid-point between the buy and sell rates of a currency, which means it's not the same as the rate you get when you go to transfer money overseas. For example, if a currency's buy rate is 2.5, and its sell rate is 2, then the mid-market rate is 2.25. It's used as the most accurate way to see what a currency is valued at.
How does this apply to you? It helps to know the mid-market rate when you're comparing money transfer services, as the rate they quote you will often have a margin added on for profit. The rates can vary from provider to provider, as can the fees. It's important to keep an eye on both when deciding how to transfer your money.
Tips on how to save on currency exchange fees
While there's no guarantee when it comes to an exchange rate forecast, there are factors that can give you hints. Staying up to date with financial news, interest rate movements and import/export figures in both Australia and Europe will help you gauge the strength and performance of each currency.
Monitoring political developments can help; new governments could have new economic policies, while political unrest can devalue a currency. Reviewing the history of how the Australian dollar has traded with the euro can also reveal patterns.
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.5079 Inverse: 1.9691 | 0.6775 Inverse: 1.4761 | 0.7071 Inverse: 1.4142 | 0.7931 Inverse: 1.2608 | 0.8020 Inverse: 1.2469 | 0.6559 Inverse: 1.5247 | 0.7186 Inverse: 1.3917 | 0.6748 Inverse: 1.4818 | 0.7174 Inverse: 1.3939 | 0.6247 Inverse: 1.6007 |
| May 2018 | Jun 2018 | Jul 2018 | Aug 2018 | Sep 2018 | Oct 2018 | Nov 2018 | Dec 2018 | Jan 2019 | Feb 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.6394 Inverse: 1.5639 | 0.6367 Inverse: 1.5705 | 0.6321 Inverse: 1.5820 | 0.6359 Inverse: 1.5726 | 0.6207 Inverse: 1.6111 | 0.6169 Inverse: 1.6211 | 0.6358 Inverse: 1.5727 | 0.6198 Inverse: 1.6133 | 0.6277 Inverse: 1.5932 | 0.6290 Inverse: 1.5899 |
| Mar 12 | Mar 13 | Mar 14 | Mar 15 | Mar 16 | Mar 17 | Mar 18 | Mar 19 | Mar 20 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.6257 Inverse: 1.5982 | 0.6253 Inverse: 1.5993 | 0.6251 Inverse: 1.5997 | 0.6256 Inverse: 1.5984 | 0.6256 Inverse: 1.5984 | 0.6257 Inverse: 1.5981 | 0.6262 Inverse: 1.5969 | 0.6243 Inverse: 1.6019 | 0.6242 Inverse: 1.6021 | 0.6248 Inverse: 1.6006 |
The next step is finding the best transfer provider to handle your transaction. Depending on what you're after, there are three main options to choose from. For more, check out our guide on how to transfer money to Europe.
You're after a cost-effective option and want to send money abroad on a regular basis.
You need your money transfer to arrive immediately. In this case, consider a bank transfer or cash pick-up service to help you out.
You're after an immediate money transfer, such as in the case of an emergency. Picking up in cash also means your recipient doesn't need to have a bank account or mobile wallet.
You have the time to find a better exchange rate with an online money transfer specialist or if your recipient can't get to one of the cash pick-up locations.
You prefer the convenience of transferring money overseas from your existing bank account, without having to go through the registration process of a specialised money transfer service.
You want a better exchange rate and fewer fees.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
