Ruqayyah Snyder
The Australian dollar is the fifth-most-traded currency in world foreign exchange markets and is used in several Pacific Island states, as well as in Australia. The Euro, meanwhile, is used in 20 countries across Europe and is one of the most widely used currencies in the world. As of 2023, the exchange rate for AUD to EUR has been relatively stable, typically hovering between 0.60 and 0.75 EUR to 1 AUD. In the last 30 days, the 30-day high for AUD to EUR was 0.5825, and the low was 0.5424, with an average of 0.5604.
| Characteristics | Values |
|---|---|
| 30-day high | 0.5825 (AUD to EUR) and 1.8437 (EUR to AUD) |
| 30-day low | 0.5424 (AUD to EUR) and 1.7168 (EUR to AUD) |
| 30-day average | 0.5604 (AUD to EUR) and 1.7847 (EUR to AUD) |
| 90-day high | 0.6097 (AUD to EUR) and 1.8437 (EUR to AUD) |
| 90-day low | 0.5424 (AUD to EUR) and 1.6401 (EUR to AUD) |
| 90-day average | 0.5830 (AUD to EUR) and 1.7170 (EUR to AUD) |
| Exchange rate (as of 29 April 2025) | 0.806942 AUD to 1 EUR |
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What You'll Learn
Historical exchange rates
These tools enable users to analyse rate trends over different periods, be it days, weeks, months, or years. The exchange rate API offered by Xe, for instance, provides real-time data and claims to source its rates directly from financial data providers and reputable banks.
While these platforms provide historical exchange rate information, the Reserve Bank of Australia (RBA) also publishes daily exchange rates except on public and bank holidays observed in New South Wales. The RBA annually recalculates the weights of the Trade Weighted Index (TWI), which is based on the composition of Australia's merchandise goods and services trade for the previous fiscal year.
It is important to note that the exchange rates provided by these sources should not be relied upon for regulatory or commercial purposes without further verification.
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Current exchange rate
The current exchange rate between the Australian dollar and the euro is influenced by several factors, including global economic conditions, inflation, and interest rates. While I cannot provide you with the exact exchange rate at this moment, I can offer you some insights and historical context.
The Australian dollar is the fifth-most-traded currency in world foreign exchange markets and is used not only in Australia but also in several island nations, including Christmas Island, Cocos (Keeling) Islands, Norfolk Island, Kiribati, Nauru, and Tuvalu. On the other hand, the euro is used across 20 countries in the Eurozone, making it one of the most widely used currencies globally.
Historically, the exchange rate between the two currencies has fluctuated. In 2012, following the European sovereign-debt crisis in 2008, the rate was approximately 0.85 EUR to 1 AUD. More recently, the exchange rate has been relatively stable, typically staying within the range of 0.60 to 0.75 EUR to 1 AUD.
When looking at the performance of AUD to EUR over the last 30 days, there was a high of 0.5825 and a low of 0.5424, resulting in a 30-day average of 0.5604. Over a 90-day period, the 90-day high was 0.6097, and the low was the same as the 30-day low at 0.5424, making the 90-day average 0.5830.
For the most up-to-date and accurate exchange rates, it is recommended to use online currency converters or refer to financial institutions, as rates can change frequently due to various economic factors.
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Forecasting future rates
Forecasting the future exchange rate of a currency pair is a challenging task due to the dynamic nature of the foreign exchange market. However, here is an analysis of the potential future rates for the Australian Dollar (AUD) and Euro (EUR) currency pair:
- Short-Term Forecasts: In the short term, the AUD/EUR exchange rate is expected to fluctuate. Sources indicate that the rate could reach €0.560921 in the next 10 days. Another source predicts that the rate may drop from 0.546 to 0.534 in the upcoming days. These short-term fluctuations can be influenced by various factors, including economic developments and market sentiment.
- Mid-Term Forecasts (2025-2026): For the year 2025, forecasts suggest that the AUD/EUR pair will experience growth, with prices potentially reaching €0.566826. The average annualized price for 2025 is expected to be around €0.497406. By the end of 2025, the exchange rate is predicted to be around €0.448557. Moving into 2026, the forecast for the EUR/AUD exchange rate is expected to be around €0.392896.
- Long-Term Forecasts (Beyond 2026): Looking further ahead, the long-term forecasts indicate a potential increase in the EUR/AUD exchange rate. By 2030, the rate is expected to be €0.366127. This represents a forecasted increase over a 5-year period, resulting in a potential revenue of around +13.54% for a €100 investment.
It is important to note that these forecasts are subject to change and are influenced by various economic and geopolitical factors. Additionally, different sources may provide varying predictions based on their analytical models and interpretations of market trends. As such, it is always recommended to consider multiple sources and stay informed about the latest market updates when making financial decisions involving currency exchange rates.
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Real-time exchange rate data
Currency converters like OANDA and Xe provide real-time exchange rate data for hundreds of currencies, including Australian dollars and euros. These websites have access to real-time FX rates sourced directly from financial data providers and reputable banks, ensuring accurate and reliable data.
OANDA's currency converter allows users to check the latest foreign exchange average bid/ask rates and convert all major world currencies. It also provides access to historical data for over 38,000 forex pairs and rates from over 200 currencies, commodities, and precious metals, dating back to January 1990.
Xe's currency converter offers an automated currency feed through its Xe Currency Data API, providing real-time data for hundreds of currencies. It also allows users to analyse rate trends for any currency over a few days, weeks, months, or years. Xe provides a daily analysis of markets, exchange rates, and news straight to users' inboxes. Additionally, Xe offers a currency chart for any currency pair in the world, showing their currency history with live mid-market rates. Users can also set rate alerts to be notified when a specific rate is triggered on their selected currency pairs.
Another option is Wise, which also provides a currency converter for Australian dollars to euros. Wise claims to offer the real, mid-market exchange rate, allowing users to make savings on international money transfers. Users can track live exchange rates and see how rates have changed over time.
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Exchange rate fluctuations
Exchange rates fluctuate due to a multitude of factors, including a country's interest rates, inflation or deflation, the level of debt, and political stability. These factors influence the supply and demand for a particular currency, which in turn affects the exchange rate.
For example, if the Australian economy is strong and stable, with low inflation and healthy interest rates, the Australian dollar will be in high demand, increasing its value relative to other currencies, such as the euro. On the other hand, if there is political instability or economic uncertainty in Australia, investors may lose confidence in the Australian dollar, leading to a decrease in its value on the foreign exchange market.
Similarly, the exchange rate between the Australian dollar and the euro is influenced by conditions in the European economy and the relative strength of the euro. If the European economy is struggling, with high unemployment and low growth, investors may be less inclined to invest in euros, causing its value to decrease compared to other currencies like the Australian dollar.
Exchange rates are also impacted by the balance of trade between countries. If Australia has a positive trade balance, with exports exceeding imports, this can lead to an appreciation of the Australian dollar as more euros are required to purchase Australian goods and services. Conversely, if Australia has a trade deficit, the increased supply of Australian dollars in foreign exchange markets may cause its value to depreciate relative to the euro.
It is important to note that exchange rates are extremely sensitive to a wide range of economic and political factors, and they can change rapidly in response to new information and developments. As such, they are carefully monitored by investors and businesses, particularly those involved in international trade, to manage their financial risk and make informed decisions.
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Frequently asked questions
The conversion fee varies depending on the service provider. Some providers, like Revolut and Xe, offer low to no fees on money transfers.
The exchange rate varies over time. As of April 2025, the 30-day average exchange rate was 1.7790, with a high of 1.8437 and a low of 1.7141.
Yes, some providers may add hidden markups to their exchange rates or charge extra fees. It is important to compare rates and fees between different providers before choosing a service.
You can find live currency rates for EUR to AUD on websites like Xe and currency.me.uk. These websites also provide historical exchange rate data and currency conversion tools.
Yes, depending on your needs, you may consider using a multi-currency account or a travel credit card that offers competitive exchange rates and convenient payment options for international transactions.
