Buy Euros (EUR) at the Best Exchange Rates Online or In-store
At The Currency Shop, we keep things nice and simple. Because every company has different exchange rates and fees, finding the best deal can be difficult. That’s where we step in. We bring together all your options, highlight the fees and rates per provider, and show you the best possible deals.
Where to buy euros?
You can buy euros (EUR) from almost every place in Australia that offers currency exchange. It is a very popular currency to exchange from Australian dollars. Places you can make cash transactions and buy euros include online, in-store at money exchangers, banks, Australia Post and the airport.
To find out exactly where you can buy euros, you can use our handy city and suburb guides, just click on the links below:
When is the best time to buy euros with Australian dollars?
Find the best time to buy euros with Australian dollars with our rate tracker. It keeps track of the EUR to AUD or AUD to EUR exchange rate and emails you when the exchange rate gets to the rate your chose to buy euros.
The eur to aud exchange rate is historically 1.4400. In the last 10 years the EUR/AUD exchange rate hit a high of 1.8800 in late 2019, and a low of 1.1600 in the middle of 2012. Currently it is 1.6300, which means €100 could buy you A$163 at the best exchange rate.
The aud to eur exchange rate is historically 0.6600. Over the last decade, the AUD/EUR hit a high of 0.8600 in the middle of 2012 and a low in late 2019 at 0.5200. Currently its around 0.6100, so A$100 could buy you €61.00 at the best exchange rate.
What is the cheapest way to buy euro in Australia?
The cheapest way to buy euros (EUR) in Australia is online. Most online money exchangers, like S Money do not charge a transaction fee and their exchange rates are the same as the cash rate you see on Google.
The most expensive place to buy EUR is at the airport, because they know you have no other options until you get to Europe. They charge a commission fee and give very poor foreign exchange rates. For an exchange of $1,000 Australian dollars, you can lose up to A$100 at the airport.
The most expensive way to pay for euros is with a credit card. Most credit cards will charge a higher interest rate, up to 20% for cash advances. Therefore if you buy A$1,000 at the airport, you will pay an additional A$200 on your foreign currency exchange.
How to buy euros in Australia?
Buying euros in Australia is relatively easy.
- Take your valid photo id (driver’s license or passport) with you.
- Bring your preferred payment method. Most places accept cash, debit card and credit card to pay for your euros.
- Ask for the euros amount and the money exchanger will let you know how much Australian dollars you need to pay.
- Make your payment in Aussie dollars and receive your euros.
What are the currency denominations in Europe
The coins are called 'cents' and the notes are called 'euros'.
Coins: 1¢, 2¢, 5¢, 10¢, 20¢, 50¢, €1 and €2
Euro: €5, €10, €20, €50, €100, €200 and €500
Similar to the Australian Dollar, the euro is divided into 100 to make their coins.
There are 19 countries in Europe that use the euro. They are:
- Austria, Belgium, Cyprus, Estonia, Finland
- France, Germany, Greece, Ireland
- Italy, Latvia, Lithuania, Luxembourg, Malta
- the Netherlands, Portugal, Slovakia, Slovenia and Spain
How much is A$100 worth in euros
Historically the Australian dollar is worth about 0.66 euros. Therefore, AU$100 will buy you €66.00
In some years the exchange rate has been as low as 0.5200 euro and it makes buying EUR and spending in Europe relatively more expensive for an Australian. In other years the exchange rate has been as high as 0.8600 euros, which means it's cheaper for Australians to buy EUR.
Major banks tend to predict the AUD to EUR exchange rate and present reasons why the EUR change against the Aussie exchange rate.
How do I get the best exchange rate at a money exchanger?
Often people need to buy pounds in Europe, so knowing how to get a good rate is handy.
- Step 1: Find a location that has 3 currency exchange services in a small area. This is easy in places like Paris, Berlin, Barcelona, Dublin, Athens or Rome.
- Step 2: Visit each one and ask how many EUR you will receive for $500 (Australian dollars). This way you have their service fee or commission fees included as well as their exchange rate for AUD to EUR.
- Step 3: Visit the currency exchange service that offered the second best amount of EUR and tell them the offer you received from the best place. Ask them if they can give you a better rate.
This should take about 40 minutes. Most stores will accept cash, money card, debit card and credit card. To save time and increase your spending money, buy your EUR online before you travel.
Why should I choose The Currency Shop?
Many people are not aware of the true cost of transferring money. But it is pretty standard to lose up to 8% of your money each time you transfer money internationally, depending on your method. We think this is far too much. That’s why we help you find the best way to transfer your money and avoid those costly hidden fees and charges. And it works. On average, we save our customers $4,000 each year.
How does it work?
It’s pretty simple. Whether you need travel money or would like to transfer money overseas we just need a little info to point you in the right direction. First, you tell us what you are looking for then we compare hundreds of providers to find the best deal for your current situation. We’ll highlight all the available options and recommend the best one for you. You can then decide which option you prefer, and click through to their site to secure the deal.
Is it safe?
Yes. The Currency Shop holds an Australian Financial Services Licence (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.
What does it cost?
The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.
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