AUD/EUR: what to know
The AUD/EUR rate shows how much EUR you get for 1 AUD. Right now, 1 AUD buys 0.6197 EUR at the mid-market rate. In the other direction, 1 EUR is worth 1.6138 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while EUR responds to ECB policy and eurozone growth.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the AUD/EUR rate has ranged between 0.5557 and 0.6192 — a change of +10.65% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.