What is the Australian dollar (AUD) to euro (EUR) exchange rate history?

Welcome to the AUD EUR history summary. This is the Australian Dollar (AUD) to Euro (EUR) exchange rate history summary page, detailing 180 days of AUD EUR historical data from Friday 12/05/2023 to Monday 6/11/2023 Highest: 0.62890 EUR on 18 Jun 2023. Average: 0.60550 EUR over this period. Lowest: 0.58562 EUR on 18 Aug 2023.

When was the Australian dollar adopted?

The Australian dollar was adopted on February 14, 1966 and replaced the Australian pound at a conversion rate of 2 AUD per Australian pound. The Australian Dollar refers to Australia’s official currency and is abbreviated as AUD.

What happened to the Australian dollar in 1967?

In 1967, the sterling got devalued against the USD. However, AUD kept its peg to the USD at the rate of 1 AUD = 1.12 USD, and thus officially left the sterling system. The first paper notes of the Australian dollar were published in 1966 in denominations of $1, $2, $10, and $20.

Why is the AUD worth so much?

Australia is one of the largest exporters of iron ore and coal in the world; hence, the value of AUD depends heavily on the prices of commodities. During the 2015 energy recession, oil prices reached a ten-year low, and the prices of both iron ore and coal plunged to a recent low.