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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(A$)Exchange RateFee GBPTotal CostDeal Links
WorldFirst logo
9,047 AUD
Best Overall
1.809400.5%
TorFX logo
8,919 AUD
128 AUD
1.783801.91%
OFX logo
9,020 AUD
27 AUD
1.804£0^0.8%
HSBC logo
8,740.37 AUD
307 AUD
1.7507£7.53.87%
Natwest Bank logo
8,691.85 AUD
355 AUD
1.7436154.41%
Citibank International Money Transfers
Citibank logo
8,652.68 AUD
394 AUD
1.7347124.84%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
8,651 AUD
396 AUD
1.7354154.86%
Santander International Money Transfers
Santander logo
8,602.95 AUD
444 AUD
1.7275205.38%
Lloyds TSB logo
8,567.09 AUD
480 AUD
1.7203205.78%
WorldFirst: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.8094 (0.5% from mid-rate)
AUD amount:9,047 AUD
Total Cost:0.5%
Time:12:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
TorFX: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.7838 (1.91% from mid-rate)
AUD amount:8,919 AUD
Total Cost:1.91%
Difference:
128 AUD less than using WorldFirst
Time:12:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer GBP→AUD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.8040 (0.8% from mid-rate)
AUD amount:9,020 AUD
Total Cost:0.8%
Difference:
27 AUD less than using WorldFirst
Time:
Rate Fetched: 12:20 Local
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:1.7507 (3.73% from mid-rate)
AUD amount:8,740.37 AUD
Total Cost:3.87%
Difference:
307 AUD less than using WorldFirst
Time:12:20 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:1.7436 (4.12% from mid-rate)
AUD amount:8,691.85 AUD
Total Cost:4.41%
Difference:
355 AUD less than using WorldFirst
Time:12:20 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:1.7347 (4.61% from mid-rate)
AUD amount:8,652.68 AUD
Total Cost:4.84%
Difference:
394 AUD less than using WorldFirst
Time:12:20 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:1.7221 (5.3% from mid-rate)
AUD amount:8,651 AUD
Total Cost:4.86%
Difference:
396 AUD less than using WorldFirst
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:1.7275 (5% from mid-rate)
AUD amount:8,602.95 AUD
Total Cost:5.38%
Difference:
444 AUD less than using WorldFirst
Time:12:20 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:1.7203 (5.4% from mid-rate)
AUD amount:8,567.09 AUD
Total Cost:5.78%
Difference:
480 AUD less than using WorldFirst
Time:12:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - 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(A$)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
1,755 AUD
Best Overall
1.755£0^3.49%
Post Office Money Foreign Currency
Post Office Money logo
1,742.6 AUD
12 AUD
1.742604.17%
Citibank Foreign Currency
Citibank logo
1,711.22 AUD
44 AUD
1.7285£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,696 AUD
59 AUD
1.7154£106.73%
Lloyds TSB logo
1,693.89 AUD
61 AUD
1.711£106.85%
Santander Foreign Currency
Santander logo
1,693.89 AUD
61 AUD
1.711£106.85%
Natwest Bank logo
1,685.34 AUD
70 AUD
1.711£157.32%
Travelex Online UK: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.755 (3.49% from mid-rate)
AUD amount:1,755 AUD
Total Cost:3.49%
Time:
Rate Fetched: Sun Aug 25 2019 10:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Post Office Money: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:1.7426 (4.17% from mid-rate)
AUD amount:1,742.6 AUD
Total Cost:4.17%
Time:12:20 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→AUD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7285 (4.95% from mid-rate)
AUD amount:1,711.22 AUD
Total Cost:5.9%
Time:12:20 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:1.7110 (5.91% from mid-rate)
AUD amount:1,696 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:1.7110 (5.91% from mid-rate)
AUD amount:1,693.89 AUD
Total Cost:6.85%
Time:12:20 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:1.7110 (5.91% from mid-rate)
AUD amount:1,693.89 AUD
Total Cost:6.85%
Time:12:20 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:1.7110 (5.91% from mid-rate)
AUD amount:1,685.34 AUD
Total Cost:7.32%
Time:12:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

GBP to AUD interbank exchange rate = 1.8185

 
 

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

In early August the US labels China a "currency manipulator" pushing the GBP/AUD rate back up through the 1.8 level. 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)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, 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 unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

 

Australian Dollar (AUD)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

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