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
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.
The AUD to EUR rate is currently at 0.6165. Or to put it another way, $1 AUD is equivalent to €0.6165 EUR at the moment.
What are the AUD to EUR Bank Forecasts Today?
ANZ bank has the AUD EUR rate declining to 0.6000 by the end of 2018, the lowest of the four banks.
In contrast, CBA is the most optimistic and expects the AUD EUR rate to remain above 0.6500 by the end of Q4 2018.
NAB backtracked and raised its AUD EUR forecasts up to 0.6400 a few months ago.
Similarly, Westpac adjusted their expectations slightly a few months ago for the AUD EUR to go up to 0.6300 by the end of the year.
Compare Australian Dollar to Euro Dollar Exchange Rates
Compare exchange rates from Australian banks and foreign exchange leaders.
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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.
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AUD to EUR Exchange Rate Calculator
General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.