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Currency converter

Euro vs Australian Dollar
1.6469
05 Nov 2024 10:16
Price Change (% chg)
0.0002
(0.01%)
Prev Close
Prev Close

Closing price, the previous day.
1.6508
Open
Open

Opening price.
1.6473
Day's High
Day's High

The highest price over the last trading day.
1.6526
Day's Low
Day's Low

The lowest price over the last trading day
1.6459
Week High
Week High

Price range high in the last week
1.6526
Week Low
Week Low

Price range low in the last week
1.6309
Download archive
Buy
1.6469
Sell
1.6469
Open the chart in full screen view
Buy
1.6469
Sell
1.6469
Download archive
Open the chart in full screen view

EURAUD is a cross rate of the Australian dollar to the European currency.

The Australian dollar is listed among the eight most wide-spread and popular currencies on the international exchange market. Above all, the high base rate of Australia, its stable economy and the political system of the country makes AUD attractive. Another appealing factor is the hands-off policy of the national currency's exchange rate determination propagated by the Australian CB. The Australian dollar rate depends highly on the base rate differences of Australia and the USA and on the economic indicators of the country.

The Australian dollar is considered a commodity currency.

Australia is the world's leader of the gold output and also a great oil and minerals exporting country. The central item of the Australian export is agricultural goods. Moreover, the Australian currency is sensitive to the price changes of minerals and agricultural commodities. The main trade partners of Australia are situated in Southeast Asia; the biggest one is China.

The high profitability of the Australian dollar makes it one of the most appealing currencies for trading.

The euro takes the second place by the trading volume on the forex market after the US dollar. About 40% of deals on the market are made with the euro. This currency is the most suitable for conservative traders who are interested in large volumes and high speed trading, and don't want to depend on the US dollar rate.

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