Here's my MEL <-> EUR Qsuite reference, takes into account recent redemption fee hike and includes Velocity costs for comparison.
Reward availability
Velocity | -331 days, 0000 AE(S/D)T
QAvios | -361 days, 0300 AST (-361, 1000 AEST / 1100 AEDT)
Off-peak periods
28 Apr 2025 - 26 Jun 2025...