Use the currency transfer calculator below to compare exchange rates and fees for converting your AUD into euros.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
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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AUD to EUR: Historical rate chart
Updated: 12 Dec 2019 00:18:40 UTC
As the official currency of Australia, the Australian dollar (AUD) replaced the Australian pound in 1966. The AUD started out as a fixed currency but had all foreign exchange controls removed by the end of 1983. Since being fully introduced across the Eurozone in 2002, the euro (EUR) has been valued much higher against the AUD. In the period from 2002 to September 2015, the value of the AUD ranged from €0.47 to €0.86, with an average of €0.65.The AUD reached its highest points in July and August of 2012 when the Eurozone battled through a global recession. While the value of the EUR fell relative to most major currencies, the Australian economy avoided a recession, leading to a strong AUD at the time. During 2017, 1 AUD has traded at between €0.64 and €0.73 EUR, with the highest valuations coming in the first half of the year as the AUD steadily dropped in value from February.More about the euro's history
The Australian dollar is the fifth-most-traded currency in the world. It's commonly referred to as the "Aussie" in forex markets. When it was first created, suggestions for its name included the koala, the royal and the austral.
Sub unit symbol:
$5, $10, $20, $50, $100
5c, 10c, 20c, 50c, $1, $2
The euro is the second-most-traded currency in the world behind the US dollar. It was introduced in 1999 as the official currency for most eurozone nations. The world's second-largest reserve currency, it adds liquidity to any currency pair it trades with.
Sub unit symbol:
€5, €10, €20, €50, €100, €200, €500
1c, 2c, 5c, 10c, 20c, 50c, €1, €2
Where is the euro accepted?
The euro is the official currency of the Eurozone and is accepted in the following countries:
Real-time market rate for popular transfer amounts AUD to EUR
Australian dollars (AUD)
How to get the best AUD to EUR exchange rate
Keep these tips in mind to ensure that you find the best exchange rate on offer:
Monitor the mid-market rate. Use our AUD to EUR currency conversion calculator at the top of this page to check the current mid-market AUD/EUR rate. This will give you a better idea of whether or not a transfer provider is offering a good deal.
Make sure you're quoted the correct rate. Some transfer providers offer handy calculators to help you work out the cost of your transaction. Keep in mind that these often use the mid-market exchange rate instead of the rate provided to customers. To get an accurate idea of how much your transfer will cost, ask for a quote.
Consolidate your transfers. Rather than sending several small transfers and paying a transaction fee each time, send one large transfer and pay only one fee. Some companies will even waive their fees on large transfers, while others may offer better exchange rates on big transactions.
Learn more: Why aren’t I paying today’s exchange rate?
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.
How can I predict the best time to exchange AUD for EUR?
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.
The fee you're charged when borrowing money is the interest rate. If you borrow money for a mortgage, you'll be paying interest to the bank. The Reserve Bank sets interest rates in Australia, while the countries using the euro have their rates set by the European Central Bank. The interest rate is a good indicator of the health of a country's currency.
High interest rates lead to a stronger currency. Foreign investors are more likely to invest in countries with higher interest rates to get a higher return on their investments. This makes demand for the currency go up, along with the value.
Low interest rates lead to a weaker currency. Less money is being invested when interest rates are low, which means the currency has less value.
This is the difference between the goods and services a country imports and how much it exports.
More exports lead to a stronger currency. With a high demand for a country's goods, more of their currency will be bought and used. If someone wants German goods, then they'll need to pay in euros. The demand for the currency goes up and with it, its value.
More imports lead to a weaker currency. When a country imports more goods than it exports, there's less demand for its currency. This means the currency's value will drop.
Imports and exports between Australia and countries using the euro are going to have a more direct effect on the exchange rate. What makes one currency stronger can often make the other weaker at the same time.
Compare the average price of a house in Sydney over time. In 2003, you could buy a house for $365,000. By 2017, that number has jumped up to just over a million dollars. This is inflation, which causes the rise in prices over time and means your dollar buys less than what it used to. As for what inflation has to do with currency exchange:
Low inflation leads to a stronger currency. Countries with lower inflation are more attractive to foreign investors, as it means their money is safer. The more investors, the more demand for the currency.
High inflation leads to a weaker currency. High inflation means higher prices, which leads to the demand for goods going down. With fewer exports and less interest from foreign investors, the currency will drop in value.
Past 10 years: AUD to EUR
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Past 10 months: AUD to EUR
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Past 10 days: AUD to EUR
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What's the best way to send money to Europe?
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.
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.
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