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GBP/AUD - Convert Compare Save

British Pound Sterling to Australian Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the British Pound Sterling to Australian Dollar exchange rate, has news, forecasts and GBP to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

GBP/AUD Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/AUD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive AUD($)Exchange RateFee GBPTotal CostDeal Links
OFX logo
9,082 AUD
Best Overall
1.8164£0^0.73%
HSBC logo
8,891.14 AUD
191 AUD
1.7809£7.52.81%
Natwest Bank logo
8,841.4 AUD
241 AUD
1.7736153.36%
Citibank International Money Transfers
Citibank logo
8,801.33 AUD
281 AUD
1.7645123.79%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
8,802 AUD
280 AUD
1.7656153.79%
Santander International Money Transfers
Santander logo
8,751.35 AUD
331 AUD
1.7573204.34%
Lloyds TSB logo
8,723.96 AUD
358 AUD
1.7518204.64%
 
OFX: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.8164 (0.73% from mid-rate)
AUD amount:9,082 AUD
Total Cost:0.73%
Time:
Rate Fetched: Mon Jun 17 2019 18:09:12 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.7809 (2.67% from mid-rate)
AUD amount:8,891.14 AUD
Total Cost:2.81%
Difference:
191 AUD less than using OFX
Time:20:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.7736 (3.07% from mid-rate)
AUD amount:8,841.4 AUD
Total Cost:3.36%
Difference:
241 AUD less than using OFX
Time:20:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.7645 (3.56% from mid-rate)
AUD amount:8,801.33 AUD
Total Cost:3.79%
Difference:
281 AUD less than using OFX
Time:20:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.7518 (4.26% from mid-rate)
AUD amount:8,802 AUD
Total Cost:3.79%
Difference:
280 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.7573 (3.96% from mid-rate)
AUD amount:8,751.35 AUD
Total Cost:4.34%
Difference:
331 AUD less than using OFX
Time:20:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.7518 (4.26% from mid-rate)
AUD amount:8,723.96 AUD
Total Cost:4.64%
Difference:
358 AUD less than using OFX
Time:20:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount AUD($)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
1,775.5 AUD
Best Overall
1.7755£0^2.96%
Citibank Foreign Currency
Citibank logo
1,721.81 AUD
54 AUD
1.7392£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,707 AUD
68 AUD
1.7259£106.73%
Lloyds TSB logo
1,704.29 AUD
71 AUD
1.7215£106.85%
Santander Foreign Currency
Santander logo
1,704.29 AUD
71 AUD
1.7215£106.85%
Natwest Bank logo
1,695.68 AUD
80 AUD
1.7215£157.32%
Travelex Online UK: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.7755 (2.96% from mid-rate)
AUD amount:1,775.5 AUD
Total Cost:2.96%
Time:
Rate Fetched: Mon Jun 17 2019 18:15:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7392 (4.95% from mid-rate)
AUD amount:1,721.81 AUD
Total Cost:5.9%
Time:20:22 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7215 (5.91% from mid-rate)
AUD amount:1,707 AUD
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7215 (5.91% from mid-rate)
AUD amount:1,704.29 AUD
Total Cost:6.85%
Time:20:22 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7215 (5.91% from mid-rate)
AUD amount:1,704.29 AUD
Total Cost:6.85%
Time:20:22 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.7215 (5.91% from mid-rate)
AUD amount:1,695.68 AUD
Total Cost:7.32%
Time:20:22 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

GBP to AUD interbank exchange rate = 1.8294

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on GBP/AUD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

GBP to AUD Forecasts

Brexit and 2019's RBA policy shift are the dominating themes for GBP/AUD. A "no deal" Brexit is likely to induce exchange rates near A$1.60, HSBC has said.  Read more

GBPAUD blended flags

GBP and AUD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs AUD, you should pay attention to the recent market trends for both currencies.

 

British Pound Sterling (GBP)

The pound slipped to a 5-month low of 1.12 euros in June. Against the US dollar, it climbed away from May’s multi-month low of $1.256 to $1.27, but was still 5 percent lower than March's high of $1.338.

Brexit paralysis in the UK has led to declines in business investment and two months of economic contraction (for the months of March and April).

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is predicted by betting markets, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is receiving some support from the Bank of England which, surprisingly, is the only major central bank to be considering raising interest rates this year.

Read more in the article GBP Forecasts.

 

Australian Dollar (AUD)

In late May the Australian dollar stabilized after a shocking mid-April to mid-May period, during which it suffered across-the-board losses, including losses worth 5 percent against the US dollar. May’s closing exchange rate of US69.3¢ keeps the Aussie near long-term lows, but it’s an improvement on May-17's rate of 68.7¢ — its lowest weekly closing rate since early 2016.

A stuttering domestic economy and elevated US-China trade tensions (which threaten commodities demand and risk appetite) have driven the Aussie lower.

In an effort to support economic growth and boost inflation, which remains well below target, Australia's central bank cut interest rates in early June, and is expected to do so at least once more this year, making the Australian dollar susceptible to yield-chasing capital outflows.

Read more in the article AUD Forecasts.

Why can't I just get the GBP/AUD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / AUD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

GBPAUD blended flags

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates