Market Trends
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EUR to AUD conversion rates
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AUD
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EUR to AUD charts
EUR/AUD Live Chart
EUR/AUD Historical Chart
What impacts the EUR/AUD exchange rate
The EUR/AUD currency pair denotes the value of the Euro in terms of the Australian dollar and pits two of the leading currencies traded in the forex market against each other. The EUR, along with the US dollar, is considered a stable, reserve currency. On the other hand, the AUD is a riskier currency whose value is closely correlated with the prices of commodities such as iron ore, coal, gold and even crude oil.This currency pair sees ample price action when the market sentiment changes - a risk-on sentiment can turn this pair bearish while a risk-off sentiment drives sellers away from the AUD and into safer currencies instead, turning EUR/AUD bullish. Being a volatile currency pair, it offers interesting opportunities to earn profits if traded carefully.The Euro and the Australian dollar are heavily influenced by the release of key economic data from Europe and Australia respectively, in addition to monetary policy and interest rate decisions by the European Central Bank (ECB) and the Reserve Bank of Australia (RBA). Some important economic data that can drive price action in this forex pair include GDP, employment, inflation, business confidence, consumer sentiment and trade balance.
EUR to AUD exchange rate - FAQ
How do gold prices impact the exchange rate of EUR/AUD?

Gold is considered a safe haven asset among traders and usually strengthens when the markets trade with a risk-off sentiment, in times of high economic uncertainty. However, the AUD enjoys a strong positive correlation with gold, as it is a key export out of Australia. As a result, EUR/AUD does not see as much movement whenever gold prices fluctuate.

How volatile is the EUR/AUD currency pair?

The cross currency pair, EUR/AUD, sees significant volatility whenever global economic conditions change, e.g., during the financial crisis in 2008-09 and the more recent US-China trade war. During such times, this pair trades bullish and strengthens as traders move away from the riskier AUD and towards the safer EUR.

How easy is it to trade EUR/AUD?

Cross pairs like EUR/AUD offer significant volatility and hence, many opportunities for earning profits. However, trading such highly volatile currency pairs requires traders to have good knowledge of various trading strategies to identify strong trends in the forex market.