AUD to EUR – Australian Dollars to Euro
When converting Australian dollars to Euro (AUD to EUR), or EUR to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/EUR currency conversion rates.
AUD to EUR Overview: From the establishment of the Euro zone, until the financial market crisis of 2008, the AUD and EUR both traded in a relatively stable and correlated fashion. However since 2008 this close correlation has broken down considerably. The Australian economy has maintained upward momentum through its close links to the quickly developing Asian economies. The EURO however has been plagued by sovereign debt issues from its smaller nations, as Germany remains its engine for growth.
|Historical Ranges:||1 year||5 years||10 years|
|AUD/EURO||.6568 – .7339||.6025 – .8620||.4734 – .8620|
|EURO/AUD||1.3625 – 1.5225||1.1601 – 1.6598||1.1601 – 2.1123|
Current Official Cash Rates:
Reserve Bank of Australia (RBA): 1.00% European Central Bank (ECB): -0.30%