Lexi Webster
If you're looking to exchange euros for Australian dollars, there are a few options available to you. You can exchange your currency at a Travelex store, but the exchange rate differs at each branch and changes daily. Alternatively, you can use a travel money card to lock in an exchange rate that suits you, and you can load multiple currencies onto this card if you're travelling to various countries. You may also be able to spend euros in some countries, such as in major stores in London, but this is not widespread and exchange rates may not be favourable. It's worth noting that leading competitors often add hidden markups to their exchange rates, so be sure to compare rates and fees before choosing a provider.
| Characteristics | Values |
|---|---|
| 30-day high (EUR to AUD) | 1.7833 |
| 30-day low (EUR to AUD) | 1.7283 |
| 30-day average (EUR to AUD) | 1.7544 |
| 90-day high (EUR to AUD) | 1.8437 |
| 90-day low (EUR to AUD) | 1.6564 |
| 90-day average (EUR to AUD) | 1.7466 |
| 30-day high (AUD to EUR) | 0.5786 |
| 30-day low (AUD to EUR) | 0.5608 |
| 30-day average (AUD to EUR) | 0.5700 |
| 90-day high (AUD to EUR) | 0.6037 |
| 90-day low (AUD to EUR) | 0.5424 |
| 90-day average (AUD to EUR) | 0.5728 |
| Exchange rate (EUR to AUD) | 1.7508184 |
| Exchange rate (AUD to EUR) | 0.57063235 |
| Exchange service providers | Travelex, Wise, Xe |
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What You'll Learn
Online currency converters
There are several online currency converters that allow you to exchange euros to Australian dollars. These include:
Wise
Wise is an exchange rate information and news app that provides users with the mid-market exchange rate. This means that Wise does not add any hidden markups to their exchange rates. The platform allows users to compare exchange rates and fees with those of competitors. In addition, Wise enables users to track live exchange rates and see how they have changed over the last day, week, or month.
Xe
Xe is another online currency converter that uses the mid-market rate for its conversions. The platform offers real-time, accurate, and reliable data for hundreds of currencies. Xe's rates are sourced directly from financial data providers and reputable banks. In addition, Xe allows users to set free rate alerts for any currency pair and analyse rate trends over different periods.
It is important to note that the exchange rates provided by these online converters are for informational purposes only, and the actual rate received when sending money may differ.
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Foreign currency accounts
There are several options for exchanging euros to Australian dollars, and foreign currency accounts are one of them. Foreign currency accounts are offered by many banks and financial institutions, and they allow you to hold and manage money in multiple currencies. For example, Bank of America offers its customers the ability to order foreign currency through online banking or their mobile banking app.
With a foreign currency account, you can deposit euros into your account and then exchange them for Australian dollars within that account. The exchange rate offered by banks for these types of accounts may not be as competitive as other options, and there may be additional fees involved. It is worth noting that some banks may require you to have a minimum balance in your account to avoid fees.
When choosing a foreign currency account, it is important to consider the fees, exchange rates, and ease of access. Some accounts may offer better rates or lower fees, while others may provide more convenient access through online banking or a wider network of physical branches. It is also worth noting that some accounts may have restrictions on the amount you can exchange or transfer, so be sure to read the fine print.
In addition to foreign currency accounts, there are other options for exchanging euros to Australian dollars, such as using foreign exchange specialists like Travelex or Global Exchange, which offer competitive rates and convenient locations.
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In-store exchange bureaus
When it comes to exchanging currency, in-store exchange bureaus, also known as Bureau de Change, can be a convenient option. These are often found in airports, banks, credit unions, and post offices. While exchanging currency at an in-store bureau, it is essential to be mindful of potential hidden costs and unfavourable exchange rates.
Banks and credit unions offer in-store exchange services that are often convenient and inexpensive. Your local bank branch or a credit union may provide competitive exchange rates and minimal fees for currency exchange. It is worth comparing the rates and fees offered by different banks and credit unions before choosing this option.
The Post Office also provides foreign currency exchange services through its Bureau de Change. You can visit your nearest post office branch to enquire about exchanging euros to Australian dollars. They offer a convenient way to obtain foreign currency, and their travel app provides additional benefits, such as managing a Travel Money Card, topping it up, freezing it, and swapping currencies.
Additionally, some online bureaus, such as Travelex, provide foreign exchange services. Ordering cash online may incur delivery charges, and the exchange rate may not be as competitive as with your bank. However, it is still a better option compared to exchanging currency at hotels, airport kiosks, or using prepaid debit cards, which often come with various transaction fees and unfavourable exchange rates.
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Travel money cards
Hays Travel offers a free prepaid Travel Money Mastercard® Currency Card that can be loaded with up to 22 currencies, including euros and Australian dollars. CommBank also offers a Visa Prepaid Travel Money Card that can be loaded with up to 15 foreign currencies, including Australian dollars. This card can be ordered online for free or in a branch, and it offers $0 international transaction fees.
Both cards allow you to shop in-store, online, or over the phone, and use ATMs. You can also track your spending and reload currency on-the-go using their respective apps.
It is important to note that travel money cards may come with fees for opening and closing your account, ATM withdrawals, topping up, or exchanging money. Therefore, they may be more suitable for longer trips rather than one-off short trips.
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Exchange rate fluctuations
Exchange rates are subject to constant fluctuations, influenced by a multitude of factors such as economic performance, political events, and market sentiment. These factors can cause rates to shift rapidly, sometimes within mere hours or days. For instance, the EUR/AUD exchange rate witnessed a 30-day high of 1.7833 and a low of 1.7283 within the last 30 days, translating to a change of -1.54%. Over the last 90 days, the high reached 1.8437 while the low dipped to 1.6564, resulting in a change of 5.58%.
To make informed decisions when exchanging euros to Australian dollars, it is crucial to monitor these exchange rate fluctuations. Websites like Wise offer tools to track live exchange rates and compare money transfer providers, ensuring you get the best value for your currency conversion. Additionally, reviewing the exchange rate history can help forecast future trends and identify optimal exchange times.
The time of day can also impact exchange rates. Typically, the foreign exchange market is most liquid during the overlap of trading hours in the UK and US markets, which is between 8 am GMT and 5 pm EST. During this period, the difference between the bid and ask rates narrows, resulting in more favourable exchange rates for individuals. Operating outside these hours may result in less competitive rates due to the need for insurance against fluctuations.
It is worth noting that traditional providers, such as banks, often incorporate extra costs into their exchange rates, resulting in hidden markups that increase the overall expense. These hidden fees can significantly impact your currency conversion, so it is advisable to opt for providers that offer transparent mid-market rates without hidden charges.
By staying vigilant about exchange rate fluctuations, comparing providers, and considering timing factors, you can maximise the value of your currency exchange when converting euros to Australian dollars.
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Frequently asked questions
You can exchange euros to Australian dollars at Travelex stores.
The exchange rate is constantly fluctuating, but as of May 26, 2025, 1 euro is approximately equal to 1.75 Australian dollars.
Yes, banks offer currency exchange services, but they often have extra costs which they pass on to customers by marking up the exchange rate.
Yes, you can use a travel money card to lock in the exchange rate whenever you want. You can also load multiple currencies onto your card.
Euros are not widely used in Australia, so it is best to exchange them for Australian dollars.
