When Is the Best Time to Buy Euros With Australian Dollars?
Planning a trip to Europe and wondering when to buy your euros? Timing your currency purchase can make a noticeable difference to how much spending money you take overseas.
This guide explains when the best time to buy euros with Australian dollars is, what affects the AUD/EUR exchange rate, and how to get the most value for your travel money.
The Best Time to Buy Euros With AUD
The best time to buy euros is when the Australian dollar is strong against the euro. A higher AUD/EUR conversion rate means your Australian dollars buy more euros.
Because exchange rates move daily, there’s no single “perfect” moment — but there are clear patterns:
- The Aussie dollar tends to perform better when global markets are stable
- Strong Australian economic data often boosts the dollar
- Weakness in the Euro zone can push the euro lower
- Rising commodity prices (especially iron ore) usually support the Aussie dollar
When these factors align, the AUD/EUR rate improves, making it a better time to buy euros.
Why Timing Matters
Even small movements in the exchange rate can change how much you receive.
For example:
- At 0.62, $1,000 AUD = €620
- At 0.58, $1,000 AUD = €580
That’s a €40 difference — simply based on timing.
If you’re exchanging a larger amount for a long trip, the difference can be even more significant.
How to Know When to Buy Euros
1. Watch the Trend, Not the Daily Fluctuations
Exchange rates move constantly. Instead of reacting to every small change, look for multi‑week trends. If the AUD has been rising steadily, that’s usually a favourable window.
2. Start Monitoring Early
Begin checking the AUD/EUR rate 4-8 weeks before your trip. This gives you time to buy when the rate is stronger.
3. Lock In a Good Rate
Many currency providers allow you to lock in today’s rate for pickup later. This protects you if the Aussie dollar drops unexpectedly.
4. Avoid Airport Exchanges
Airport kiosks money changers typically offer weaker rates and higher fees. Buying ahead of time almost always gives you better value.
5. Compare Providers
A small difference in the rate between providers can mean more euros in your pocket.
Should You Buy Euros Now or Wait?
Here’s the simplest rule:
If today’s AUD/EUR rate is higher than its recent average, it’s generally a good time to buy.
You don’t need to predict the market — just aim to buy when the Aussie dollar is performing better than usual.
If you’re travelling soon, it’s often smarter to buy gradually rather than waiting for a “perfect” moment that may never come.
What Affects the AUD/EUR Exchange Rate?
Understanding what moves the rate can help you decide when to buy.
Australian Factors
- Reserve Bank of Australia (RBA) interest rate decisions
- Employment and wage data
- Inflation trends
- Commodity prices (iron ore, coal, gas)
- Economic growth forecasts
European Factors
- European Central Bank (ECB) policy announcements
- Eurozone inflation and GDP
- Energy prices
- Political or economic uncertainty
When Australia looks stronger than Europe, the AUD usually rises — making it a better time to buy euros. Learn how exchange rate works?
Best Strategy for Travellers
Most travellers don’t need to “time the market.”
Instead, use this simple, low‑risk approach:
- Start checking the rate early
- Buy a portion when the Aussie dollar rises
- Lock in the rest if the rate looks favourable
- Avoid last‑minute airport exchanges
This spreads your risk and usually results in a better overall rate.
Buy Euros in Australia With a Trusted Provider
If you want competitive rates, transparent pricing, and no hidden fees, buying euros in Australia through a reputable currency exchange provider is essential.
At Danesh Exchange, we offer:
You can check today’s live AUD/EUR rate on our website and secure it instantly.
Frequently Asked Questions (FAQ)
Is it better to buy euros in Australia or Europe?
Rule of Thumb
The further a country is from Australia, the less likely your Australian dollar will be accepted — and the more likely you’ll get a better exchange rate by converting your money in Australia.
Since Europe is far from Australia and Aussie dollar isn’t used or recognised there, travellers almost always get better value exchanging euros in Australia rather than waiting until they arrive.
Can I lock in the euro rate?
Yes — many providers allow you to lock in the rate online and pick up later.
How far in advance should I buy euros?
It depends on how much you’re exchanging.
- For larger amounts, it’s best to start watching the rate and buy around 4-8 weeks before you travel. This gives you time to wait for a better exchange rate.
- For smaller amounts (under $1,000), buying within the week of your trip is usually fine, as small rate movements won’t make a big difference
Does the AUD/EUR rate change on weekends?
Markets close on weekends, but retail exchange rates may still adjust based on global sentiment.