Are you planning to visit Europe anytime soon? Then know that your 1 Australian dollar to Eur exchange rate is currently at 0.606468 Euros as of writing. Service fees and currency conversion rates at varying platforms can fluctuate. The best thing, however, is that buying EUR from Australia is no longer limited to banks and money changers. You have several options to get the best possible EUR rates, such as the ones below.
Six Ways To Buy Euros
Euro is the official currency of more than 20 destination countries in the world including the infamous Vatican City – despite being an unofficial member of the European Union. If you are going to any European countries soon, it would be best to buy EUR in advance rather than being ransacked with fees at Australian airports. If you are on a travel budget, here are some of the best AUD to EUR exchange hacks to save most of your hard-earned money from fees.
1. Buy foreign currency online
Availing an AUD to EUR exchange rate online is the cheapest way to buy Euros. Foreign Xchange is revolutionising how Australians acquire foreign currency by simplifying the process and providing one of the best exchange rates in the country.
Foreign Xchange allows you to click and collect your AUD to EUR conveniently from the nearest Australia Post in your area for only an additional $30 postal fee. It is handy and easy to use with a currency converter that helps you see how much your transaction will get you. Changing your Australian dollars into Euro notes has no hidden transaction fee.
Save money by ordering Euros online at the comfort of your home – all at the touch of a few buttons
2. Get a travel money card
Travel cards like the cash passport issued by Mastercard International Incorporated are among the best-known money cards in the country. They allow you to carry one or multiple currencies in one handy debit card. This is also a great way to save money when exchanging AUD to EUR online with a small exchange rate fee.
Once you purchase your Euro through a money card, you also lock in the rate that you purchased them for, which can be a great way to secure a great rate. A money card is widely accepted in various countries as it can load up to 11 currencies, including the Euro. You also don’t have to carry around a massive load of cash when you travel to Europe, which can be great from a security point of view.
Exchanging your Australian Dollars into a money card will be much cheaper than ordering cash in-store or with a local bank or travel agent. While overseas, you can easily top up your money card with more Euros if you spend more than expected or start overindulging. Properly budgeting your spending can help you avoid running out of funds during your trip.
3. Using ATMs and Credit Cards in Europe
Using ATMs and credit cards in Europe and other countries can be a convenient way to access cash and purchases. Here are some tips to help you use ATMs and credit cards in Europe:
- Inform Your Bank: Before you travel, inform your bank of your travel plans. This will help prevent your transactions from being flagged as suspicious and your card blocked.
- Use a Credit Card with No Foreign Transaction Fees: Some credit cards charge foreign transaction fees for purchases abroad. Using a card with no foreign transaction fees can help you avoid these extra charges.
- Use an ATM with a Low Withdrawal Fee: When withdrawing cash from an ATM, look for one with a low withdrawal fee. This can help you save money on transaction costs.
- Have a Backup Card: It’s always a good idea to have a backup card in case your primary card is lost or stolen. This ensures you have access to funds in an emergency.
- Use Contactless Payments: Many European places accept contactless payments, which can be a quick and easy way to purchase. Just tap your card or mobile device to pay.
4. Travellers Cheques
Although relatively uncommon and considered slightly outdated, traveller’s cheques can be a great way to save money when exchanging AUD for EUR before your big trip. It is also a safe and secure way to carry Euros overseas rather than withdraw cash. Traveller’s cheques can be exchanged for Euros through currency exchange services when you reach your chosen destination.
The great thing about this currency is that if you lose, misplace, or even someone steal them from you, they are pretty worthless because you’re the only person who can exchange them for Euros. However, you may struggle to find a place to trade them in Europe, especially in rural areas or where English is not commonly spoken.
That being said, exchanging Australian Dollars into Euros cash can still be a great way to back up and have a second payment method when you start your holiday. Ordering Euros online can be the cheapest way to get your hands on other currencies.
5. Use Comparison Site
Comparison sites are a great way to find the best Euro exchange rate. Check out sites individually, though. Many comparison sites show historical rates and earn a commission or referral fee for sending customers to exchange sites. Checking the rate on a comparison site vs. a dedicated currency exchange site and a physical location will be your best bet to ensure you get the best deal possible for your change money.
Comparison sites are great for reading customer reviews and testimonials. They can also be sincere and upfront regarding fees or charges you may experience when using currency sites to exchange AUD to EUR directly. These websites can also bring all the information you need into one place to save you from cycling through multiple tabs in your browser or even going from shop to shop when you’re in the CBD with no service fee.
6. Do Your Research on Exchange Rates
Whether you plan to buy your Euro cash in-store, online or with your local bank, make sure that you carry out thorough research. A significant difference can be between getting the cheapest rate or paying through the nose when getting your travel money sorted. Buying your Euros online allows you to compare rates across different sites and use comparison sites. As always, make sure you are aware of any additional fees, delivery costs and commission fees you may have to pay.
Knowing how many Euros you need for your trip can help you plan your budget more effectively.
Planning Your Euro Purchase: How Many Euros Will I Need?
Determining how many Euros you’ll need for your trip to Europe will greatly help your financial circumstances during travel. This will depend on several factors, including your budget, the length of your stay, and the countries you plan to visit. Here are some tips to help you estimate your Euro needs:
- Research Your Destination: Look up the average daily expenses for your destination, including accommodation, food, transportation, and attractions. This will give you a baseline for your daily spending.
- Consider Your Budget: Decide how much you’re willing to spend per day and multiply it by the number of days you’ll be travelling. This will help you set a realistic budget for your trip.
- Think About Your Spending Habits: If you tend to spend more on souvenirs, dining out, or activities, you may need more Euros. Be honest about your spending habits to avoid running out of money.
- Include Extra for Emergencies: It’s always a good idea to have some extra cash on hand in case of unexpected expenses. This can provide peace of mind and ensure you’re prepared for any situation.
By carefully planning your Euro purchase, you can ensure you have enough foreign cash to enjoy your trip without worrying about running out of funds.
Buy Euros Online Today!
Foreignxchange.com.au is one of the country’s best foreign currency exchange platforms for ordering Euros and many other foreign currencies. Place your order online today and you could receive your cash in as little as five business days. With safe and secure delivery, you can take the hassle out of buying Euros over the counter. Safe in knowing you are getting one of the cheapest rates online. Purchase Euros today and save time and money with Foreign Xchange—excellent foreign currency rates – at your convenience.
FAQs
What is the cheapest way to buy Euros through your Australian Dollars?
The cheapest way is still through online currency exchange services. These platforms often provide better exchange rates with various payment options, allow you to compare rates, and lock in a favourable deal before completing the transaction.
Where can I buy Euros online in Australia for my travel or personal needs?
You can buy Euros online through foreignxchange.com.au. This platform offers more competitive exchange rates with no service charge than physical exchange locations like banks or currency kiosks.
Can I save money by using a multi-currency travel money card?
Yes, multi-currency travel cards can help you save on exchange fees by locking in an exchange rate when the Euro is favourable. These cards often come with low or no foreign transaction fees, and they can be used like a debit card for purchases and ATM withdrawals in Europe and other EU members. Contact your card issuer for this type of product.
Should I buy Euros before travelling or when I arrive?
Buying Euros or any currencies before travelling is usually cheaper because you can compare rates and find the best deals. Exchange rates at airports or European tourist areas tend to be higher, and additional fees might apply. Locking in your exchange rate beforehand can also protect you from sudden fluctuations.
Are there hidden fees when buying Euros through a bank or currency exchange service?
Yes, some banks and exchange services may charge hidden fees, such as service charges, poor EUR exchange rates, or ATM withdrawal fees abroad. To avoid this, always ask about additional fees and compare the total cost, not just the exchange rate. Online exchange services are often more transparent and offer better deals.