AUD to EUR Forecasts
The AUD EUR has taken a hit over the last month, dropping 4%. Anti-Eurozone talk is escalating, which is driving uncertainty and volatility in the Euro. With so many moving parts influencing the Australian dollar and the Euro, what are the major banks saying about the AUD to EUR next year? This article shows the different bank outlooks and is updated regularly.
AUD to EUR Bank Predictions for 2019
The AUD to EUR exchange rate peaked in early June around 0.65, but has since fallen again. Recent declines were more than the major banks were originally expecting.
A falling AUD EUR trend this year is being driven by a weaker Australian dollar, rather than strength in the Euro.
In fact, the Euro has been under pressure lately with political issues in Turkey and Italy and slower economic growth in major Eurozone countries. Meanwhile, the Australian dollar hit 3-year lows earlier in the month.
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What are the AUD to EUR Bank Forecasts Today?
ANZ bank has the AUD EUR rate declining to 0.6100 by the end of 2019.
CBA also expects the AUD EUR rate to remain above 0.6100 by the end of Q4 2019.
In contrast, NAB is the most optimistic and expects the AUD EUR rate to remain above 0.6400 by the end of Q4 2019.
Westpac has the most negative outlook for the AUD EUR with a forecast below 0.5900 for the end of the year.
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What about AUD to EUR Long Term Forecasts?
The major banks changed their expectations for the AUD to EUR in 2018 and this has spilled over in 2019. Now the banks outlooks for 2019 are still negative, with most of them expecting a flat to lower trend by the end of the year.
- ANZ bank thinks the exchange rate will be relatively flat in 2019, with the AUD to EUR expected to be 0.5500 by the end of the year.
- In 2019, NAB is expecting the AUD to EUR exchange rate to trend lower and end the year at 0.5800.
- Westpac expects the AUD to EUR to decline from 0.6300 at the end of 2018 to 0.6000 by the end of 2019.
EUR to AUD Forecasts
Exchange rates are the relative prices between two currencies and this is why currencies are expressed in pairs. The major Australian bank forecasts are in Australian dollar terms, or the currency pair AUD/EUR. But if you're interested in bank forecasts in Euro terms or EUR/AUD you can calculate it.
To convert from EUR to AUD all you need to do is divide 1 by the rate.
For example, if the AUD to EUR exchange rate is 0.63, then 1 Australian dollar is worth €0.63 or 63 Euros. You divide 1 by 0.63 to find the EUR to AUD exchange rate of 1.5873. In this example, 1 Euro is equivalent to $1.5873 Australian dollars.
To save you time, we have already calculated the "Big 4" bank December 2018 forecasts for you in the table below.
|AUD to EUR Forecast||EUR to AUD Forecast|