EUR/AUD FX rate, up until May 25, 2023

The Euro to Australian exchange rate history reveals a peak in March 2020, before declining well until mid 2022. Exchange rates fluctuate against each other constantly. As of May 25, 2023, the exchange rate was avalued at 1.65 Australian dollars per euro. The rate in which one currency performs against another depends on the demand that it generates at any given time. Exchange rates are affected by several factors including international trade, tourism and geopolitical tensions.

Euro gains strength against the Brexit Pound

One good example of geopolitical risks having a negative effect on the strength of a currency is to look at the British Pound post Brexit referendum. The average annual exchange rate of the Euro to GBP increased significantly between 2015 and 2018.

The Euro vs the world

Since 2016, the euro has performed well against several other currencies. The Euro to U.S dollar had seen its annual average exchange rate increase by .07 between 2016 and 2018, after slightly decreasing in 2019. Against the Indian Rupee, the Euro had performed even better, with the average annual exchange rate equaling 78.84 in 2019.