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By , unemployment rates in a number of countries are at a minimum level. The situation in the EU affects all countries in Europe, even those who are not part of the European Union or have not introduced the euro and have retained their national currency. The Australian dollar, also called the "aussie", is a typical commodity currency, as its price is influenced by the prices of minerals exported by Australia.
The largest importer of iron ore, coal and other natural resources is China, the state of its economy also has an impact on the volume of exports and, accordingly, the rate of the Australian dollar. The trade turnover between the European Union and Australia is not decisive for the economies of these regions. The volume of exports from the European Union to Australia is 1.
Import from Australia to the EU is on the 26th place with a share of 0. The main products that Australia exports are coal, gold, some fruits and lead, cars from Europe to Australia, spare parts to them and pharmaceutical products. The growth of the currency pair means strengthening of the euro against the Australian dollar, that is, to buy EUR, more AUD is required.
The downgrade indicates strengthening of the AUD. Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time. Also, the currency is used in nine countries that are not members of the euro area. The issue of the Australian dollar, as well as the regulation of the Australian banking and monetary system is carried out by the Reserve Bank of Australia RBA. We use the mid-market rate for our Converter.
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View live Euro / Australian Dollar chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. Find the current Euro Australian Dollar rate and access to our EUR AUD converter, charts, historical data, news, and more. This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the.