XE EUR Exchange Rate Today: Costs of an international money transfer
We only compare secure providers which we have researchedtested and approved. Important information
We want to find the best deal for you. So although we may receive a referral fee if you choose one of these providers. It won't affect the ranking of the providerthe exchange rates or any fees you are charged. Our results are sorted in order of cheapest to most expensive cost to you. Learn more.
XE exchange rate for EUR transfers
XE's AUD to EUR exchange rate is 0.5923.
Rememberexchange rates change all the timeso before you convert your AUD to EURtake a look on the XE's website or app to get the live rate. We’ve also got lots of information and tools - including our comparison table - to help you check and compare the XE exchange rate conveniently. This makes it easier than ever to get the best available deal whether you want to convert currency for a paymentfor spending with your cardor for travel.
Does XE use the mid-market exchange rate?
XE AUD to EUR rate today is 0.5923.
The XE exchange rate is less favourable than the mid-market rate for this pair. That means that XE calculates the AUD to EUR retail exchange rate by taking the mid-market exchange rate for this pairand adding a mark-up - a percentage fee.
What is the mid-market rate for AUD - EUR today?
If you're about to travel to Europeor if you’re planning on sending an international payment to someone thereyou’ll need to know the AUD to EUR exchange rate.
The live AUD to EUR exchange rate is 0.595863. This is the mid-market exchange ratewhich is the rate used on global wholesale markets. The mid-market exchange rate is not always available to retail customers buying travel money or sending payments. In this casethe provider or bank you use can set their own exchange ratewhich may include a fee.
What is the mid-market rate?
The mid-market rate - which is also often called the wholesale rate - is the exchange rate that’s quoted on global marketsand also the rate you’ll usually find when you use a Google search or a currency converter tool.
When banks and money transfer services buy and sell large volumes of currenciesthey’ll usually get the mid-market exchange rate for conversion. Howeverthis rate is not often available for retail customers sending a payment overseas or exchanging travel money. Insteadbanks and currency exchange services will calculate their own retail exchange rates which include a markup - a fee - added on to the wholesale or mid-market rate.
Exchange rate margins vary depending on the bank or providerand the currencies in question - but it’s common to find a markup of about 3% being used. You’ll only be able to calculate the markup being added by comparing the exchange rate your bank offers you against the mid-market rate which you can get from Google. That’s a hassleand means that customers often pay this markup without really knowing about or noticing it. If you’re converting a large amount of money or sending a high value paymentthe markup can end up being the highest of all the costs involved - even if you don’t realise you’re paying it.
How to check the XE exchange rate for EUR money transfers
Get the XE exchange rate on the XE's websiteor by downloading the XE app. If you’re considering converting money with XE it’s worth registering an account online or in appwhich lets you see all the details of costsdelivery times and more.
What is the XE currency conversion fee for AUD to EUR?
If you want to convert AUD to EUR with XEyou’ll pay a conversion fee of 120.72 AUD. Currency conversion fees do vary based on factors like the amount you’re exchangingand market conditions. Keep an eye on the latest costs and exchange rates available from XEso you will know what to expect.
How much does a EUR transfer cost with XE?
A transfer of $20000 AUD to Europe costs $120.72 AUD with XE.
This fee represents the markup within XE's exchange rate. We calculate this by taking the difference between their exchange rate0.5923and the mid-market exchange rate0.595863and multiplying it by the amount sent$20000.
How does the XE Euro rate compare with other providers?
When you convert your Australian Dollar to EUR with XEthe rate you get - along with any applicable fees - will dictate the overall cost of your conversion or transfer. Comparing the rate you’re offered by XE with some other services is a good way to make sure you’re getting a good deal on your currency conversion.
Before you pick the right bank or provider for your currency conversion needsyou’ll also want to consider how long your payment will take to be processedand the security measures in place to keep your money safe throughout.
How to send money to Europe with XE?
You can send money to Europe with XE online or in the XE app. Here’s what you’ll need to do:
Log into your account with XEor register if you’re a new customer
Online or in the XE appnavigate to the Send Money pages
Enter the amount in AUD you want to sendor the amount in EUR that the recipient should get in the end
Add the recipient details and follow the prompts to fund the payment - your money will be sent and deposited in your recipient’s account directly
Is XE safe?
Yes. It is safe to transfer money with XE.
It’s important to use a properly licensed and regulated provider when you send money or make a currency exchange. Here at Exiap we only review reliablesafe and licensed serviceswhich are properly regulated both here and internationally.
Frequently asked questions XE EUR rate
What exchange rate XE uses to send AUD to EU?
XE's exchange rate is 0.5923. Their effective fee for sending $20000 AUD to Europe from the Australia is $120.72 AUD.
How long does it take to send money with XE?
The amount of time it takes to send money with XE will depend on various factors like the payment value and specific service you use. You'll often be able to see an estimate of delivery time before you confirm your transferand can track your payment by logging into your account.
What is the mid-market rate?
The mid-market exchange rate is the rate that banks and providers use when they buy and sell currencies on wholesale markets. This exchange rate is sometimes passed on to retail customersalthough some providers calculate their retail exchange rate by adding a markup to the mid-market ratewhich is an extra fee.