EUR/AUD: what to know
The EUR/AUD rate shows how much AUD you get for 1 EUR. Right now, 1 EUR buys 1.6075 AUD at the mid-market rate. In the other direction, 1 AUD is worth 0.6221 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while AUD responds to commodity prices and Chinese demand.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the EUR/AUD rate has ranged between 1.6097 and 1.7995 — a change of -8.87% 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.