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    Compare Bank of England Exchange Rates

    Exchange Rates aren't all the same! Its hard to predict the currency markets but you can always save money by comparing Bank of England margins and fees to those charged by your bank or FX provider.

    Bank of England

    The Bank of England (BoE) is the central bank of the United Kingdom. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.

    Interest rates, inflation, and exchange rates are all intrinsically linked. When the BoE manipulates interest rates this impacts both the inflation in the UK and also the relative value of the British pound compared to other currencies.

    BoE Recent Interest Rate Decisions:

    The BoE raised interest rates by 0.5 percentage points to 1.75 per cent early August, the largest increase in 27 years and forecast that the UK will enter a recession by the end of the year.

    Read our guide to the Relationship between Interest Rates and Currencies.

    Exchange rates published by Central Banks such as the Bank of England are the latest interbank mid-market exchange rates, here are some of the most popular GBP exchange rates:

    Pound Sterling to US dollar

    GBP to USD at 1.2095 is 1.1% below its 90-day average 1.2226 with range 1.1826-1.2653.
    GBP to USD
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    Pound Sterling to Euro

    GBP to EUR at 1.1812 is just 0.5% above its 90-day average 1.175 with range 1.1519-1.1966.
    GBP to EUR
    Pound Sterling to Australian dollar

    GBP to AUD at 1.7352 is 1.1% below its 90-day average 1.7545 with range 1.7296-1.7794.
    GBP to AUD
    Pound Sterling to Indian rupee

    GBP to INR at 96.14 is near its 90-day average 96.06 with range 93.53-98.12.
    GBP to INR
    Pound Sterling to Turkish lira

    GBP to TRY at 21.71 is 4.5% above its 90-day average 20.78 with range 18.76-21.94.
    GBP to TRY
    Pound Sterling to United Arab Emirates dirham

    GBP to AED at 4.4425 is 1.1% below its 90-day average 4.4906 with range 4.3438-4.6476.
    GBP to AED
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    Pound Sterling to Canadian dollar

    GBP to CAD at 1.5572 is just 1.0% below its 90-day average 1.5724 with range 1.5431-1.6122.
    GBP to CAD
    Pound Sterling to New Zealand dollar

    GBP to NZD at 1.9159 is 1.1% below its 90-day average 1.938 with range 1.9159-1.9634.
    GBP to NZD
    Pound Sterling to Malaysian ringgit

    GBP to MYR at 5.3907 is near its 90-day average 5.4 with range 5.2555-5.5423.
    GBP to MYR
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    Pound Sterling to South African rand

    GBP to ZAR at 19.94 is just above its 90-day average 19.87 with range 19.17-20.53.
    GBP to ZAR

    You Can Save Money when you Compare Bank of England Exchange Rate Margins & Fees

    The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus Bank of England market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.


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