When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.
| Foreign Transfer Providers Ratings & Reviews | Receive GBP(£) | Exchange Rate | Fee AUD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
  TorFX provide no fee transfers with good exchange rates and excellent customer service. More▾ | 5,534 GBP Value & Rating | 0.5534 | 0 | 0.91% | Bank Transfers - Online & Phone | 1-2 days | |
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 5,537 GBP £3 more | 0.5537 | 0^ | 0.86% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate         Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 5,322 GBP £212 less | 0.5333 | 15 | 4.71% | Online, Branch, Bank Transfers | 2-3 days |
This is the current AUD-GBP mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-GBP exchange rate.
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs GBP, you should pay attention to both Australian Dollar and British Pound Sterling news and forecasts.
11-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.
By the time of this report, AUD/USD was back above $0.72 and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.
At current levels the Aussie “is very undervalued” versus the US dollar, a CIBC analyst said in late December; it was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. In the second half of 2019, the Aussie could be quoted as high as $0.78, the analyst said — 8 percent higher than rates at the time of writing.
For AUD/NZD, TD Securities expects near-term appreciation from NZ$1.05 to NZ$1.1.
Against other major currencies, the Aussie’s outlook is less optimistic. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.
31-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was still on the table. As a result, December saw sterling strike a 20-month low against the dollar ($1.248) and a 3-1/2-month low against the euro (€1.1) — 17 percent less than it had been worth relative to each currency prior to 2016's referendum on EU membership.
Impact of no-deal: The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.
In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.
How likely is no-deal? Less than a 30 percent chance, suggested an expert at Swedish bank SEB late in the year — no-deal was certainly far less likely than markets were pricing in, which made sterling significantly undervalued.
SEB forecast minimum appreciation to €1.1765 for GBP/EUR and alluded to rates around $1.37 for GBP/USD, or much higher should Brexit be cancelled via a second referendum or other means.
