Convert Australian Dollars (AUD) to Euros (EURO)


Euros (EUR)

The Euro exchange rate fluctuates depending on the economic performance of the 18 different countries which make up the Eurozone and the currency experienced extreme turbulence during the worst stages of the global financial crisis. Germany (as the currency bloc’s largest economy) has been buoying the region ever since markets collapsed and has helped safeguard the Euro on several occasions. The AUD/EUR exchange rate recorded its lowest figure in recent years in December 2008, coming in at 0.4878. However, shortly after this the Eurozone’s economy flat-lined, nations like Greece and Ireland were plunged into chaos and the Euro weakened considerably. The Eurozone’s recession saw output plummet in various sectors, including industrial production, retail sales and motor sales. In early 2009 the Eurozone entered what is referred to as the ‘Eurozone Crisis’. What followed next was a series of banking dramas and bailouts, all of which undermined demand for the Euro. The Eurozone Crisis was largely attributed to ‘financialization’, whereby loans were being given to ‘risky’ candidates for six years prior to the recession, which went on to cause property bubbles and international trade imbalances.

In August 2013 the AUD/EUR exchange rate reached its peak, attaining 0.8552. Signs that the Eurozone had returned to growth helped the Euro push away from record lows in the months which followed. However, in 2014 the Euro faced fresh issues as persistently low inflation levels saw  the European Central Bank adopt a raft of additional policy measures to help support the Eurozone and stave off deflation. The Australian Dollar, in comparison, was still performing well in the foreign exchange market, creating a strong AUD/EUR exchange rate in the process.

Latest AUD/EUR Market News


Australian Dollar Euro Exchange Rate Firms as Iron Ore becomes Top-Performing Commodity

  Thursday 25th August, 2016

Euros (EUR)

The Australian Dollar was in high demand against a majority of its peers over Wednesday, rising significantly on supportive news from the commodities sector. The next direct news from Australia...

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AUD EUR Exchange Rate Trended Lower after Less Dovish ECB Minutes

  Friday 19th August, 2016

Euros (EUR)

Although the AUD EUR exchange rate had been boosted by strong Australian data those gains were later lost thanks to the diminished odds of the European Central Bank (ECB) engaging...

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