Leslie Massey
If you're looking to exchange euros into Australian dollars, there are a few things to keep in mind. Currency exchange rates fluctuate constantly, so it's important to stay up to date with current market trends. Additionally, some providers may add hidden markups to their exchange rates, resulting in extra costs. To get the best deal, it's worth comparing exchange rates and fees across different providers. Revolut, for example, offers in-app currency exchanges with great exchange rates and low fees, while Wise prides itself on providing the mid-market rate without any hidden fees.
| Characteristics | Values |
|---|---|
| 30-day high (EUR to AUD) | 1.7833 |
| 30-day low (EUR to AUD) | 1.7283 |
| 30-day average (EUR to AUD) | 1.7554 |
| 90-day high (EUR to AUD) | 1.8437 |
| 90-day low (EUR to AUD) | 1.6501 |
| 90-day average (EUR to AUD) | 1.7455 |
| 30-day high (AUD to EUR) | 0.5786 |
| 30-day low (AUD to EUR) | 0.5608 |
| 30-day average (AUD to EUR) | 0.5697 |
| 90-day high (AUD to EUR) | 0.6060 |
| 90-day low (AUD to EUR) | 0.5424 |
| 90-day average (AUD to EUR) | 0.5732 |
| Exchange rate (as of May 25, 2025) | 1 EUR = 1.7506477 AUD |
| 1 AUD = 0.57093479 EUR | |
| Exchange fee (Revolut) | 1% fee on all currency exchanges during the weekend |
| Additional fair usage fee if over the monthly exchange allowance |
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What You'll Learn
Current exchange rates
Currency exchange rates fluctuate constantly, so it's important to stay up to date with the latest rates. As of May 25, 2025, 1 Euro is worth approximately 1.75 Australian dollars. This rate fluctuated between a 30-day high of 1.7833 and a 30-day low of 1.7283. The 30-day average was 1.7554.
When converting currencies, it's important to be aware of hidden fees and markups that some banks and providers add to the exchange rate. These extra costs can result in you receiving a lower exchange rate than the mid-market rate, which is the real exchange rate at that specific time.
To get the best exchange rate, it's recommended to review the exchange rate history and track trends over a longer period. For example, looking at the last 90 days can provide a broader perspective. During this period, the EUR/AUD exchange rate reached a high of 1.8437 and a low of 1.6501, with an average of 1.7455.
Online currency converters and exchange rate information sources, such as Wise and Xe, can provide real-time exchange rate data and allow you to compare rates from different providers. Additionally, services like Travelex offer tools to track the exchange rate history and receive alerts when the Euro reaches your desired rate.
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Dynamic exchange rates
Dynamic currency conversion (DCC) or cardholder preferred currency (CPC) is a process that allows for the conversion of a transaction amount to the currency of the card's country of issue. This process occurs at the point of sale, ATM, or online. DCC is typically provided by third-party operators in association with the merchant, rather than the card issuer.
When using DCC, customers are usually charged an amount that exceeds the transaction amount when converted at the standard exchange rate. This additional charge may not be clearly disclosed to the customer at the time of purchase. The merchant, the merchant's bank, or the ATM operator may impose a markup on the transaction, in addition to the standard exchange rate, which can be as high as 18%.
The use of DCC can result in a significant income stream for the DCC provider and merchant, even though the difference in charges may appear minor to the customer. For example, in a transaction where the amount without DCC is EUR 8.04, the amount with DCC becomes EUR 8.20, at an exchange rate of 1.1882, including a markup of 2.95%.
It is important to note that even without DCC, card issuers may use their own exchange rates and margins, which can result in different transaction amounts. Additionally, some card issuers may charge additional fees for international transactions. For instance, American banks often charge a 3% fee for such transactions.
The dynamic behaviour of exchange rates is a complex topic that involves various factors. These factors include the response to exogenous disturbances, the relationship between exchange-rate movements and endogenous variables such as nominal and relative prices, interest rates, output, and the current account. Additionally, the current account balance of a country is influenced by the increase in residents' claims on foreign incomes or outputs, less the increase in similar foreign-owned claims on home income or output.
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In-app exchange
Revolut is a popular option for exchanging Euros into Australian Dollars in-app. The app is available for download on iOS and Android devices, and users can sign up for an account to access the Exchange section for currency conversion. Revolut supports over 30 currencies, allowing users to hold and manage multiple currencies simultaneously.
To convert Euros to Australian Dollars, users can add money to their Revolut account in Euros and then navigate to the Transfers section. Here, they can select Australia as the destination country and enter the desired amount in Australian Dollars. Revolut will handle the currency conversion and display the total cost, including any applicable fees, before initiating the transfer.
Revolut's exchange rates are dynamic and fluctuate with market trends, so it is recommended to check the current rate in-app before executing the exchange. The app provides easy access to live exchange rates and market trends, enabling users to make informed decisions. Depending on the user's plan, the amount exchanged, and the day of the week, currency exchange fees may apply. For example, a 1% fee is charged on all currency exchanges during the weekend.
Revolut also offers a multi-currency card for ATM withdrawals and payments abroad. Users can add money to their account in Euros and pay in Australian Dollars when travelling in Europe. The app provides great rates, low fees, and in-app security features, making it a trusted choice for over 50 million global customers.
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Transfer fees
When converting Euros to Australian Dollars, it is important to be aware of any transfer fees that may be incurred. These fees can vary depending on the method and service provider you choose for the currency exchange. Here are some things to keep in mind:
Traditional Banks:
Banks often advertise free or low-cost transfers, but they may add a hidden markup to the exchange rate. This means that while there may not be an explicit transfer fee, you might end up paying more overall due to an unfavourable exchange rate. Banks may also have additional costs associated with international transfers, so be sure to review their terms carefully.
Online Money Transfer Services:
Online money transfer services, such as Wise, Revolut, CurrencyTransfer, and Western Union, offer convenient and often cost-effective ways to convert currencies. These services usually provide transparent fee structures and competitive exchange rates. For example, Wise claims to offer the mid-market exchange rate without any hidden fees, allowing you to make significant savings on international money transfers. Similarly, Revolut offers easy access to updated exchange rate information and tools to help you find the best rates.
Currency Exchange Platforms:
Dedicated currency exchange platforms, like Xe, provide secure and low-fee international money transfers. Xe allows you to set free rate alerts for any currency pair, analyse rate trends, and obtain real-time, accurate data for exchange rates. These platforms often have flexible transfer options and ensure the security of your transactions.
Credit Card and Virtual Wallet Options:
Some services, like Revolut, offer multi-currency cards that allow you to make ATM withdrawals and payments abroad in various currencies, including Euros and Australian Dollars. These cards can be convenient when travelling between countries and eliminate the need for physical currency exchange. Additionally, Revolut offers a virtual card option for contactless payments in multiple currencies through their mobile app.
It is always advisable to compare multiple service providers and review their fee structures before initiating a transfer. Exchange rates fluctuate constantly, so checking the current rates and any associated fees just before performing the currency conversion is essential.
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Currency conversion providers
Exchange Rate Fluctuations
Exchange rates between the euro and the Australian dollar fluctuate daily. It is important to keep an eye on these changes to ensure you are getting a good value for your money. Websites like Global Exchange offer an online calculator that allows you to check the exchange rate of the day for Australian dollars to euros. This can help you make an informed decision about when to exchange your currency.
Online vs. In-Person Exchange Rates
In some cases, the exchange rate you receive online may differ from the rate offered at physical locations, such as airport offices. For example, Global Exchange offers more advantageous exchange rates for orders placed on their website compared to their airport offices. Online exchanges can also save you time and provide you with the currency you need before your trip.
Fees and Commissions
Banks and traditional providers often charge additional fees and commissions for currency exchanges. These fees can be marked up in the exchange rate, resulting in higher costs for you. Some currency conversion providers, like Global Exchange, do not charge any commissions or fees for exchanging Australian dollars to euros. They only have a small margin, which is typically lower for online transactions compared to in-person exchanges at locations like the airport.
Ordering and Pickup Options
Consider the convenience of ordering and picking up your foreign currency. Some providers, like Global Exchange, offer the option to place your order online and then collect it at the airport before your departure. This saves you from having to make multiple trips to a bank or currency exchange office.
Real-time Exchange Rates
Look for providers that offer real-time exchange rates, ensuring you get the most accurate and up-to-date conversion for your money. Xe, for example, provides an exchange rate API that offers real-time, accurate, and reliable data for hundreds of currencies, including euros and Australian dollars.
By considering these factors, you can make an informed decision when choosing a currency conversion provider to exchange your euros into Australian dollars. Remember to compare exchange rates, fees, and services offered by different providers to find the best option for your needs.
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Frequently asked questions
You can exchange euros for Australian dollars using a multi-currency app such as Revolut or Wise.
Exchange rates fluctuate constantly, but as of May 25, 2025, 1 EUR = 1.7506477 AUD.
Some platforms, such as Wise, offer a mid-market rate with no hidden fees. Other platforms may charge a currency exchange fee, especially during weekends.
Yes, you can use apps such as Revolut to exchange euros to Australian dollars and manage your money seamlessly across the world.
To get the best exchange rate, keep an eye on current market trends and compare rates from different providers before exchanging.
