How many australian dollars can you buy with 100 euro

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given that the extreme volatility in global currencies lately.

If you’re planning a trip to Australia in the near future, you may want to exchange some of your money into Australian dollars, the country’s official currency. The international symbol for the currency is AUD.

Australian dollars are unique when compared to other currencies in that the notes are made of polymer and are fully waterproof. Outside of Australia, AUD can be used in the island states of Kiribati, Nauru and Tuvalu.

This post has everything you need to know about converting euros to Australian dollars, including where to secure the best exchange rates and how to avoid paying high fees on your conversion.

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How to Convert EUR to AUD

Fortunately, converting EUR to AUD is fairly simple. You can either make the conversion using a calculator or you can do it by hand.

1. Use a Currency Calculator

Using a currency conversion calculator is often the easiest way to get an estimate when you’re converting currency. Since exchange rates fluctuate on a daily basis, using a calculator can ensure your math is correct.

Keep in mind that exchanging currency often comes with added fees that a conversion calculator won’t be able to predict. For instance, credit card companies and ATM networks usually charge a conversion fee of 2% or more on foreign currency transactions. Individual merchants may also charge supplemental fees if you ask them to convert the price of an item to your home currency at checkout.

2. Calculate it Manually

The other option is to do the calculation manually using a simple mathematical formula. However, in order to do this, you need to know the current exchange rate. At the time of writing, $1 EUR is worth $1.48 AUD.

Once you know that information, multiply the amount you have in EUR by the current exchange rate. The resulting number will show you the amount of Australian dollars that you have to spend on your trip.

Manual Currency Conversion Example

Let’s say you have $500 euros and would like to figure out how much AUD you have for a trip to Australia (before any fees are deducted). Using the current exchange rate, the formula for your conversion would look like this:

$500 EUR x 1.48 = $740 AUD

How to Buy AUD

When you’re ready to buy Australian dollars, it’s a good idea to plan ahead to ensure that you pay the fewest fees. Here are three ways to get the currency you need while minimizing the fees you’ll be charged:

• Exchange at a bank or credit union before your trip: Heading to your bank before your trip is often the most cost-effective way to exchange currency. Since you have an existing relationship with them, your bank is likely to give you the best exchange rates and charge the lowest fees. For example, Barclays Bank UK doesn’t charge its account holders an exchange fee or a delivery fee for foreign currency orders, however you could be charged a fee if you purchase the currency with your Barclaycard credit card.
• Use your bank’s ATM abroad for withdrawals where possible: Similarly, if you need to exchange more money while you’re on your trip, try to find an in-network ATM. For example, HSBC has ATMs in Australia with no withdrawal fee. Most banking apps have an “ATM locator” feature to help you find the closest option, and using an ATM affiliated with your bank can help you avoid excess fees.
• Order currency online: If your bank doesn’t offer online shipping, you can also use a third party to get currency delivered to your door. However, be aware of inflated costs with some of these vendors. You may have to pay an exchange fee, shipping fee, and/or be required to make a significant minimum purchase.

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What to Avoid When Exchanging Currency

• Exchanging currency at the airport: While exchanging currency at the airport is unquestionably convenient, these kiosks often offer some of the worst exchange rates while charging some of the highest fees.
• Currency exchange stores and kiosks: You can find Travelex and other exchange stores throughout Australia, along with currency exchange kiosks that look like ATMs. Still, you’ll likely pay a premium to use one of these convenient locations.

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