RateCheck

AUD to EUR — compare your quote with the mid-market rate

Australian Dollar → Euro

AUD → EUR carries Australian travel, tuition, and property money into the eurozone. It's a liquid cross with tight wholesale pricing, so the gap you see is almost entirely the provider's margin — Australian banks tend to sit 2–3% over the mid, specialists under 0.5%.

Live rates unavailable — showing reference data. The gap shown may differ from the live figure; try again shortly.
Cost at the mid-market rate
1,638.25AUD
For 1,000 EUR · 1 AUD = 0.6104 EUR
Enter the rate you were quoted above to see the gap from the mid-market rate.
Spot mid source: fallback · Indicative only

About the AUD/EUR pair

This page shows today’s wholesale AUD/EUR mid-market rate beside the rate a bank, broker, or kiosk has quoted you. The result is the gap between the two, as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount. The mid-market rate is the rate banks trade at, not a rate you can transact at directly — providers add their margin on top, and that margin is the gap RateCheck shows.

Who sends money on this route

Australian dollars go to euros for holidays in Italy, France and Greece, for Australians of European descent supporting family in the euro area, and for parents funding students on exchange in Berlin or Amsterdam.

Australian importers pay for European machinery, cars and wine in euros, and retirees who return to Europe move superannuation income across each month.

What moves AUD/EUR

The Reserve Bank of Australia and the European Central Bank set the policy rates. The Australian dollar is a commodity currency, moving with iron ore, coal and gas prices and with Chinese demand; the euro reflects growth and inflation across a large, mainly service-based economy.

Australia's quarterly consumer price index, the monthly labour force survey and each RBA decision matter on one side. Euro-area flash inflation, the purchasing managers' surveys and the ECB meeting matter on the other.

AUD/EUR is risk-sensitive: the Australian dollar tends to fall against the euro when global markets are nervous.

How to read a quote

AUD/EUR is quoted as euros per Australian dollar, a figure below one. When sending Australian dollars, a customer rate below the mid-market rate delivers fewer euros, and the gap is the provider's margin.

Retail banks commonly build a few per cent into the rate on international transfers; specialist providers are often under one per cent. This cross is usually priced through the US dollar in the wholesale market, which adds a little to the wholesale spread but nothing like a retail margin.

The RBA’s cash rate target, its next decision date and AUD/USD on recent decision days are on the RBA cash rate page.

Common questions

How far is my AUD/EUR quote from the mid-market rate?+
Compare the rate you've been quoted with the live mid-market AUD/EUR rate — the wholesale rate banks trade at. RateCheck shows the gap as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount.
How much do banks and brokers charge to convert Australian dollar to euro?+
Retail bank margins on international transfers are commonly a few per cent; specialist providers are often under one per cent. The margin is built into the exchange rate, usually on top of any fixed transfer fee, and is rarely shown separately. RateCheck shows it as the gap between your quote and the mid-market AUD/EUR rate.
Is the mid-market AUD/EUR rate the rate I'll actually get?+
No. The mid-market (interbank) rate is the wholesale reference; providers add their margin on top. It's the rate the gap is measured from, not a rate you can transact at directly.
Why is AUD/EUR priced through the US dollar?+
Most wholesale trading in both currencies is against the US dollar. A cross rate is derived from AUD/USD and EUR/USD, and the mid-market AUD/EUR rate is the ratio of those two legs at any moment.
Do euro-area banks charge to receive Australian dollars?+
A transfer that arrives in Australian dollars is converted by the receiving bank at its own rate, and some banks apply a fee to non-euro incoming payments. Sending euros makes the rate visible before the money leaves.
Can I hold euros in an Australian bank account?+
Some Australian banks and providers offer foreign currency accounts, including euros. Holding euros defers conversion, but every conversion into or out of the account is priced with a margin.

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