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

Convert GBP to AUD at Best Exchange Rates

There are three important types of information that you need to know if you are to have any chance of getting the best possible GBP / AUD rate :

  1. Find the Market GBP to AUD mid-rate - the starting point.
  2. Check your FX provider's transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News, Research and Forecasts for both currencies.

1. Market GBP/AUD mid-rate

The closer your final exchange rate is to the market GBP/AUD midrate the better deal you are getting.
1 British pound sterling equals
Australian dollar 1GBP=AUD

Right now the GBP/AUD market rate is and represents how many Australian dollar you can get for one British pound sterling.

The GBP/AUD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. The closer your final exchange rate is to the market GBP/AUD midrate the better deal you are getting. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the currencies were exchanged in a transaction (bought or sold) in the international markets.

GBP to AUD Exchange Rate Calculator

£
$
1 GBP equals
AUD 1GBP=AUD

Compare rates for: Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
Loading GBP/AUD Chart

British pound sterling to Australian dollar (GBP-AUD) Recent History

WhenExchange RateDate
1 Week ago1.823518 Apr 2018
1 Month ago1.83626 Mar 2018
6 Months ago1.710327 Oct 2017
1 Year ago1.702525 Apr 2017
2 Years ago1.877325 Apr 2016
5 Years ago1.504126 Apr 2013
10 Years ago2.127427 Apr 2008

There are three important types of information that you need to know if you are to have any chance of getting the best possible GBP / AUD rate :

  1. Market GBP to AUD mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for British pound sterling and Australian dollar.

1. Market GBP/AUD mid-rate

Right now the GBP/AUD market rate is and represents how many Australian dollar you can get for one British pound sterling.

The GBP/AUD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the GBP / AUD was traded (bought or sold) in the international markets.

1 British pound sterling equals
Australian dollar 1=

2. Transaction Costs - Margins and Fees for GBP/AUD Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

GBP to AUD Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from GBP to AUD.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending GBP 5,000 to AUD

 OFX
1GBP=1.8218AUD
$9109.00 AUD (1.18%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $9109.00 AUD
Exchange Rate: 1.8218
(Inverse 1AUD=GBP 0.5489)
Fees: GBP 0
Total Cost : 1.18% (from mid-rate: 1.8436)
This is the amount of money that could be received by your transfer at rate GBP/AUD=1.8218 and inclusive of the fee of GBP 0.
Rate timestamp : Wed Apr 25 2018 14:12:31 GMT+0000 (UTC)
Bank Rates - Average
1GBP=1.7544AUD
$8745.68 AUD (5.12%)
This is the average GBP to AUD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $8745.68 AUD
Exchange Rate: 1.7544
(Inverse 1AUD=GBP 0.5700)
Fees: GBP 15
Total Cost : 5.12% (from mid-rate: 1.8436)
Receive AUD $363 less than with   OFX
This is the amount of money that could be received by your transfer at rate GBP/AUD=1.7544 and inclusive of the fee of GBP 15.

Travel Money GBP to AUD - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying AUD Cash with GBP 2,000

 Travelex Online
1GBP=1.7875AUD
$3575.00 AUD (3.04%)
Great rates on all foreign currency at Travelex UK - Order Online here for convenient store & airport collection or Free Next Day Home Delivery *
Select our Buy Back Guarantee and we'll buy your left over foreign cash when you get back at the same rate & no fees. #
* Home delivery is free for all orders of £500 or more. For orders below £500 the following charges apply: Up to £299.99 = £3.95. Between £300 and £499.99 = £1.95
Orders paid for via Debit card incur no additional fees, Credit card fee 1.5%
Price Details
Receive: $3575.00 AUD
Exchange Rate: 1.7875
(Inverse 1AUD=GBP 0.5594)
Fees: GBP 0 *
Total Cost : 3.04% (from mid-rate: 1.8436)
Amount of money that could be received by your currency exchange at rate GBP/AUD=1.7875 and inclusive of the fee of GBP 0 *.
Rate timestamp : Wed Apr 25 2018 15:00:03 GMT+0000 (UTC)
Bank Rates - Average
1GBP=1.7428AUD
$3450.74 AUD (6.41%)
This is the average GBP to AUD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $3450.74 AUD
Exchange Rate: 1.7428
(Inverse 1AUD=GBP 0.5738)
Fees: GBP 20 (1%)
Total Cost : 6.41% (from mid-rate: 1.8436)
Receive AUD $124 less than with   Travelex Online
Amount of money that could be received by your currency exchange at rate GBP/AUD=1.7428 and inclusive of the fee of GBP 20 (1%).
Rates snapshot: 04/25/2018

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 GBP/AUD market rate I see on Google or in the Media?

When you look up the current British pound sterling to Australian dollar 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.

GBP to AUD mid-rate on google

GBP to AUD mid-rate on google search

Getting a great GBP to AUD 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 GBP to AUD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific British pound sterling cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for British pound sterling and Australian dollar

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 is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the GBP vs AUD, you should pay attention to both British pound sterling and Australian dollar news and forecasts.

British pound sterling (GBP) - Market news and forecasts

Like most currencies, the pound was strong against the US dollar in early 2018. By late March, in line with the broader market for dollar pairs, GBP/USD had fallen back from January’s 19-month high of 1.434 to 1.4, but remained up 4% on the year and 17% higher than 2017’s low of 1.2.

Mirroring the standoff between UK and EU Brexit negotiators, the pound-euro exchange rate did little in the six-month period between October ’17 and March ’18. The pound continues to buy roughly 1.14 euros.

Like most other G10 currencies, the pound gained significantly in early 2018 against the Australian dollar and lost out against the yen.

According to a Reuters survey of FX analysts in March, the pound will end the year buying 1.41 US dollars (entering 2018, most analysts predicted rates between 1.3 and 1.35) and 1.12-1.14 euros.

Australian dollar (AUD) - Market news and forecasts

The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.

In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.

Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.

Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.

In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.

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