1. Exchange Rates
  2. Australian dollar (AUD)
  3. British pound sterling (GBP)

Convert AUD to GBP at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible AUD to GBP rate, these are :

  1. The AUD/GBP foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Australian dollar equals
British pound sterling 1=


Right now the AUD/GBP market rate is and represents how many British pound sterling you can get for one Australian dollar. You can calculate with the current mid-rate using our AUD to GBP calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same AUD/GBP market rate I see on Google or in the Media?

When you look up the current Australian dollar to British pound sterling exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

AUD to GBP mid-rate on google

AUD to GBP mid-rate on google search

Getting a great AUD to GBP mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below AUD to GBP calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Australian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

AUD to GBP mid-rate calculator

$
£
1 AUD equals
GBP 1AUD=GBP


Compare rates for: Currency Exchange or Foreign Transfers
Loading AUD/GBP Chart

Australian dollar - market update

It was an excellent end to 2017 for the Australian dollar. In the final three weeks of the year, the currency made the most of an impressive year-end rally in commodities and climbed by three cents against the US dollar, or roughly 4%, to end the year a whisker above 0.78. Things haven’t been so easy in early 2018, however.

In early 2018 (to February 15th), despite a marginal climb to 0.79 against a faltering US dollar, the Australian dollar has been broadly weak, having fallen towards multi-month or multi-year lows against the New Zealand dollar (1.0705), euro (0.635) and yen (84).

Entering 2018, most forecasts for AUD/USD for year-end lay between 0.7 and 0.75 (mostly bearish AUD). By far the most optimistic forecast came from Commonwealth Bank, which predicted the return of broad US dollar weakness and a subsequent rise in AUD/USD to 0.85.

Goldman Sachs have predicted that iron ore prices – crucial to Australia’s national income – will fall 30% in 2018. If the bank is correct, this will weigh on the Australian dollar.

Among those who will be happy with further declines in the Aussie’s value are Australian exporters and those at Australia’s central bank. In 2017, RBA statements regularly complained that AUD appreciation was contributing to “subdued price pressures in the economy” and was weighing on the “outlook for output and employment.”

British pound sterling - market update

Like most currencies, the British pound was strong against the US dollar in early 2018. GBP/USD climbed in late January to a 19-month high of 1.434; then, in line with the broader market for dollar pairs, GBP/USD fell slightly to 1.4 by mid-February.

Against the euro, the pound is little changed since the summer of last year. A GBP/EUR rate of 1.129 in mid-February was more or less identical to that in mid-September, five months earlier.

Brexit continues to be a key driver of GBP rates. Sterling was supported in January after news broke that the Netherlands and Spain had agreed to seek a Brexit deal that would keep Britain as close to the EU as possible – indicative of a softer Brexit. It was then hit in the second week of February when the EU’s chief Brexit negotiator warned that a transitional deal between the EU and the UK was “not a given,” as some investors had come to believe.

2018 Forecasts: At the turn of the year, the majority of banks were forecasting year-end rates for GBP/USD between 1.30 and 1.35. Far more optimistic was ING, which believed sterling would rally to buy 1.5 US dollars by year-end. ING cited the return of broad US dollar weakness, a “positive re-appraisal of the UK economic outlook” and a likely “hawkish re-pricing of Bank of England policy expectations” as reasons for bullishness.

For GBP/EUR, Danske Bank predicted 1.16 for year-end, while UBS went with a much lower rate of 1.05.

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