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EUR/AUD

Euro (EUR) to Australian dollar (AUD) exchange rate.

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Product Type: CurrenciesMarket: Global
Trading Hours:  24 hours, Mon-Fri.
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Description:

Euro against Australian dollar (EUR/AUD) is a cross pair of the euro, which is the 2nd most commonly-traded currency in the foreign exchange market. The EUR (nicknamed “fiber” or “fibre”) and the AUD (nicknamed “Aussie”) are the official currencies of the world’s largest trading bloc and the 12th largest national economy, respectively. EUR/AUD indicates how much of the Aussie is needed to buy one euro. EUR/AUD's exchange rate is greatly affected by the Eurozone and Australia’s respective economic policies, unemployment rates, import/export data and gross domestic product (GDP) growth.   

Interesting Facts:

  • Both the euro and Australian dollar are Majors. The euro is the single currency of the Eurozone, consisting of 19 of the 28 EU members. It is also one of the top three reserve currencies in the world.
  • Australia is known as the Land of Plenty. Immensely rich in natural resources, it is one of the worlds’ top exporters of metals, minerals and agriculture commodities and byproducts.
  • Aussie exports are directed mainly to Northeast Asia (a third of which to China, a fifth to Japan, and another fifth to South Korea and India).