Australians headed for Europe will have more money in their pockets this year after the local dollar climbed to its highest level against the euro in more than 12 months, thanks to political turmoil in France.

The Aussie dollar is on track for its best monthly performance for 2024 – climbing 1.2 per cent so far in June – to trade at €0.62 after hitting €0.6238 late last week, a level last seen around this time last year.