EUR/AUD: how the euro aussie pair works

• EUR
• AUD

What EUR/AUD is

EUR/AUD, often called the "euro aussie", is a currency pair that prices the euro in Australian dollars. The euro is the base currency and the Australian dollar is the quote currency. The price tells you how many Australian dollars one euro buys.

It is a cross pair, meaning a pair without the US dollar. Its price comes from the two USD pairs behind it, EUR/USD and AUD/USD. For background on how pairs are grouped, see majors, minors and exotics and currency pairs.

How to read the quote

A platform shows two prices:

• Bid: the price at which you can sell the euro against the Australian dollar.
• Ask: the price at which you can buy it.
• Spread: the gap between ask and bid. This is a trading cost you pay when you open a position.

If the price rises, the euro has strengthened against the Australian dollar, or the Australian dollar has weakened, or both. If it falls, the reverse is true.

Pip size and pip value per lot

A pip is the standard unit of price movement. For EUR/AUD, as for most pairs that do not include the Japanese yen, the pip sits at the fourth decimal place. Most platforms quote one more digit after it, called a pipette (a tenth of a pip). Confirm the digits for the symbol in the contract specification in your platform.

A lot is the trade size. One standard lot is a fixed amount of euros set in the contract specification. Because the quote currency is the Australian dollar, the value of one pip per lot is fixed in AUD. If your account is in USD or PKR, that AUD amount is converted at the current rate. Your pip value in account currency therefore changes as AUD/USD moves, even if your lot size stays the same.

Use the calculator to get the value of one pip for your lot size, in AUD and in your account currency:

Margin and leverage

Margin is the amount of your funds the broker sets aside to keep a position open. Leverage is the ratio between position size and that margin. Higher leverage means less margin per lot. It also means a smaller move against you can wipe out your funds.

Leveraged forex and CFD trading can lose money fast. Size positions so that a normal move does not reach your stop-out level. See risk management.

Check the margin needed to open a EUR/AUD position at a chosen leverage:

What tends to move EUR/AUD

The pair reacts to news on both sides. A strong euro story can be cancelled out by a strong Australian dollar story at the same time.

Euro side

• ECB policy: decisions and guidance from the European Central Bank on interest rates and its balance sheet.
• Euro-area inflation: flash and final inflation readings shape expectations for ECB moves.
• PMIs: purchasing managers' surveys for manufacturing and services. These are early signals of activity.
• German data: industrial output, business sentiment surveys and factory orders. Germany is the largest euro-area economy.
• Energy prices: the euro area imports much of its energy. Gas and oil price moves feed into inflation and growth.

Australian dollar side

• RBA policy: rate decisions, statements and meeting minutes from the Reserve Bank of Australia.
• China demand: China is a major buyer of Australian exports, so Chinese activity data often moves the Australian dollar.
• Iron ore and metals: export commodity prices affect Australia's trade income.
• Global risk appetite: the Australian dollar often weakens when markets turn cautious and strengthens when risk appetite returns.

For a framework to read these releases, see fundamental analysis. To see how EUR/AUD relates to pairs such as GBP/AUD, see pair correlations. Exness lists an economic calendar on its website and in the Exness Trade app (on the website and in the Exness Trade app).

Liquidity by session and spread behaviour

• Asia-Pacific session: Australian data and Chinese releases come out here. Australian dollar activity is higher, but euro liquidity is thinner.
• European session: euro-area and German data come out here. Liquidity usually improves as both currencies are actively traded.
• European and US overlap: often the deepest liquidity of the day for crosses that are built from USD pairs.
• Daily rollover and late US hours: liquidity thins, and spreads on crosses often widen.

Spreads on crosses are usually wider than on the main USD pairs, because the price is built from two quotes. They can widen sharply around high-impact news, at the weekly open and on holidays.

At Exness, orders opened from 15 minutes before to 90 seconds after high-impact news fall under higher margin requirements. For forex this is 1:200 (0.5%).

EUR/AUD at Exness: what the sourced facts say

Exness publishes the following conditions at account and platform level. These are not EUR/AUD-specific values:

Exness does not publish a dated EUR/AUD contract specification in our sources. Check the following in the specification in your platform before trading:

• the symbol's digits
• the contract size
• the current spread
• the swap rates
• whether the pair falls under the minors group for leverage

Compare account types on account types. For Pakistani clients, Exness states that clients registered from Islamic countries, including Pakistan, are assigned swap-free status automatically. See swap fees and Islamic finance.

Legal position in Pakistan

Per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. Also per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Read law and regulators before opening any offshore account.

Frequently asked questions

What does "euro aussie" mean?

It is a market nickname for EUR/AUD: the euro priced in Australian dollars.

Why does my EUR/AUD pip value change when my lot size stays the same?

The pip value is fixed in AUD. If your account is in another currency, the conversion rate changes, so the pip value in your account currency changes too.

Is EUR/AUD more expensive to trade than EUR/USD?

Cross pairs usually have wider spreads than the main USD pairs. Check the live spread for both symbols in your platform.

Does this page give EUR/AUD analysis or trade ideas?

No. It explains how the pair works and what tends to move it. It does not give price levels, forecasts or buy and sell ideas.

Where do I find the exact Exness EUR/AUD specification?

In the contract specification for the symbol in your trading platform, or in the Exness personal area. Conditions can change, so check them before each trade.