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MARKET OPEN AS OF Apr 26, 08:26 UTC
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FOREX
EUR/AUD
1.70805000
EUR/AUD
?The EUR/AUD is a significant currency pair that denotes the exchange rate between the Australian dollar (the official currency of Australia) and the Euro (the common currency of the European Union). The unit of measurement is the number of Australian dollars required to purchase one Euro. The Euro's introduction in 1999, which supplanted the European Currency Unit (ECU) as the official currency of
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Forex trading, also known as foreign exchange or FX trading, involves purchasing one currency and selling another at the same time to speculate on the movement of exchange rates. It is one of the most actively traded markets in the world.
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You can follow the EUR/AUD market and trading news through the PSFX website and trading platform.
AUD can be strengthened by higher interest rates in Australia than in the Eurozone, resulting in a decline in EUR/AUD. In contrast, the EUR/AUD may increase in response to the Eurozone's higher rates in comparison to Australia.
Trading volumes for EUR/AUD are higher during the European session, which is when Euro markets are open, and the Asian session, which is when Australian markets are active.
The bid-ask spread, which is frequently significantly higher than that of main pairs such as EUR/USD, and potential overnight fees for positions that are held for more than a day are among the trading costs. These fees are subject to change among brokers.
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