RateCheck

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

Euro → Australian Dollar

EUR → AUD carries steady Europe-to-Australia migration, tuition, and trade flows. The mid is liquid in European and Asian hours; most of what you're charged on a retail conversion is provider margin, not market movement.

Live rates unavailable — showing reference data. The gap shown may differ from the live figure; try again shortly.
Recipient gets at the mid-market rate
1,638.25AUD
For 1,000 EUR · 1 EUR = 1.6382 AUD
Enter the rate you were quoted above to see the gap from the mid-market rate.
Spot mid source: fallback · Indicative only

About the EUR/AUD pair

This page shows today’s wholesale EUR/AUD 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

Euros go to Australian dollars for Europeans on working-holiday visas and for those who have emigrated to Australia and bring savings across, for euro-area parents funding students at Australian universities, and for retirees moving European pensions.

Euro-area companies pay Australian subsidiaries, staff and mining-services suppliers, and tourism from Germany, France and Italy to Australia adds seasonal flows.

What moves EUR/AUD

The European Central Bank and the Reserve Bank of Australia set the policy rates. The euro reflects inflation and growth across a large, mostly service-based economy; the Australian dollar reflects commodity prices, Chinese demand and RBA policy.

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

EUR/AUD is risk-sensitive through the Australian leg: the pair tends to rise when global markets are nervous and fall when they are calm.

How to read a quote

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

Retail bank margins on international transfers are commonly a few per cent; specialist providers are often under one per cent. The cross is priced through the US dollar in the wholesale market, which adds only a fraction of what a retail margin adds.

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 EUR/AUD quote from the mid-market rate?+
Compare the rate you've been quoted with the live mid-market EUR/AUD 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 euro to Australian dollar?+
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 EUR/AUD rate.
Is the mid-market EUR/AUD 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 does EUR/AUD rise when markets fall?+
The Australian dollar is treated as a growth currency and tends to fall in stressed markets. The euro falls less, so the number of Australian dollars per euro rises. The move reflects the Australian leg more than the euro.
Do Australian banks charge to receive euros?+
Many apply a fee to incoming international payments, and euros arriving unconverted are exchanged at the receiving bank's rate. Sending Australian dollars makes the conversion visible before the money leaves.
Can a European pension be paid into an Australian account?+
Many European pension schemes pay to overseas accounts, converting at their own bank's rate. Some retirees have the pension paid in euros to a European account and transfer it themselves so the rate is visible each month.

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