AUD to Euro forecast
What does 2024 hold in store for the AUD/EUR exchange rate?
Key takeaways
- The Australian dollar bought about €0.62 in early September 2026, around the middle of its 5-year range, according to Reserve Bank of Australia data
- You can lock in an exchange rate ahead of time if you want to exchange currency
- The best time to exchange AUD for Euros is when the Australian dollar is strong. Over the last 5 years, the dollar has bought anywhere from €0.54-0.69
Where the AUD to Euro rate stands now
As at 9 September 2026, the Australian dollar bought €0.6216, according to Reserve Bank of Australia exchange rate data. It has climbed through 2026 from about €0.57 at the start of January, after the RBA raised the cash rate in February, March and May 2026 to 4.35% and held it there since 12 August 2026.
Finder does not publish its own AUD/EUR forecast. Bank forecasts for this pair are published over short horizons and revised often, so always check the publication date on any prediction before you rely on it.
If you want certainty on a transfer or a trip you are planning, a forward contract or a limit order is a more reliable tool than a forecast. The factors that move the AUD/EUR rate are set out below.
Finder survey: Are Australians of different ages worried about a weak Australian dollar?
| Response | WA | VIC | SA | QLD | NSW |
|---|---|---|---|---|---|
| No | 55.86% | 42.12% | 48.15% | 47.73% | 35.38% |
| Yes | 44.14% | 57.88% | 51.85% | 52.27% | 64.62% |
Source: Finder survey by Pure Profile of 1110 Australians, December 2023
Data for ACT, NT, TAS not shown due to insufficient sample size. Some other states may also be excluded for this reason.
Data for ACT, NT, TAS not shown due to insufficient sample size. Some other states may also be excluded for this reason.
Key factors impacting the Australian dollar and Euro
There are many factors that affect the AUD/EUR exchange rate. Some of the major ones include:
- Commodity prices. Rising or falling commodity prices can have a big impact on the value of the AUD. For example, if China's weak economy drives down demand for iron ore, Australia's largest export, this could put downward pressure on the Aussie dollar.
- German economy. As the euro is the official currency of 21 of the 27 EU member states, economic developments in each of those countries have the potential to influence the value of the euro. Germany has the largest economy in the European Union, so economic and political developments in that country have the potential to impact the performance of the Euro.
- Russia's invasion of Ukraine. Vladimir Putin's invasion of Ukraine in 2022 has had a major impact on the global economy since. It caused supply issues, rising energy prices and much consumer uncertainty, and a driving force behind much of the Euro's volatility in recent times.
The best time to exchange AUD to EUR
If you're using Australian dollars to buy Euros, the best time to exchange money is when the exchange rate is at or near a high over three to five years. This is when you get the most bang for your buck.
For example, if you exchanged AUD to EUR in August 2022, 1 Aussie dollar would have bought you 69 Euro cents. But if you exchanged currencies in August 2023, the lower exchange rate of 1 AUD = €0.58 would give you a lot less buying power.
It's extremely difficult to predict which way the AUD to Euro exchange rate will move. And while staying up to date with global economic developments can help you make more informed estimates of where the market is heading, it's worth taking advantage of advanced transfer tools if you need to send money to Europe.
For example, some specialist money transfer companies offer forward contracts, which allow you to lock in an exchange rate today for an international money transfer that will be sent up to two years in the future. They also offer limit orders, which ensure that you automatically exchange AUD for EUR when the exchange rate you want becomes available.
How did AUD perform in 2023?
The Australian dollar was on a downward slide during 2023, falling in value against the US dollar, British pound and Euro. It has since recovered: as at 9 September 2026 the dollar bought about €0.62 and 72 US cents, according to Reserve Bank of Australia data.
One key factor was economic troubles in China, Australia's largest trading partner, whose slow recovery and stalling growth put downward pressure on the Aussie dollar at the time.
At the same time, the US dollar was strong, driven by a solid economy and falling inflation, and higher US interest rates were drawing investors away from the Australian dollar. That gap has since narrowed: the RBA raised the cash rate to 4.35% over 2026 and has held it there since 12 August 2026.
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