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GBP to AUD - Rate Guide

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.

 

GBP/AUD update & alerts

1 GBP = 1.9186 AUD

Sell GBP - Buy AUD  Invert

GBP to AUD - Trading Range (90 Day)
30-DAY HIGH (4d)
GBP/AUD at 1.9188 is trading 1.3% above the 90-day average 1.894 with a range 1.8573 to 1.9426. There are no current rate alerts.
26-Jan-2020 16:NY 21:LON 08:SYD+1d

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GBP/AUD Exchange Rates and Providers Compared

This guide to the British Pound Sterling to Australian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/AUD Quick Calculator.

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
TorFX logo
A$9,392
Best Overall
1.878401.89%
OFX logo
A$9,496.5
A$105 more
1.8993£0^0.8%
WorldFirst logo
A$9,525
A$133 more
1.90500.5%
HSBC logo
A$9,204.17
A$188 less
1.8436£7.53.85%
Natwest Bank logo
A$9,152.46
A$240 less
1.836154.39%
Citibank International Money Transfers
Citibank logo
A$9,111.08
A$281 less
1.8266124.83%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
A$9,110
A$282 less
1.8274154.84%
Santander International Money Transfers
Santander logo
A$9,059.12
A$333 less
1.8191205.37%
Lloyds TSB logo
A$9,021.27
A$371 less
1.8115205.76%
 
TorFX logo
TorFX: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.8784 (1.89% from mid-rate)
To Amount (AUD) A$9,392
Total Cost:1.89%
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.8993 (0.8% from mid-rate)
To Amount (AUD) A$9,496.5
Total Cost:0.8%
Difference:
A$105 AUD more than using TorFX
Time:
Rate Fetched: 18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.9050 (0.5% from mid-rate)
To Amount (AUD) A$9,525
Total Cost:0.5%
Difference:
A$133 AUD more than using TorFX
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.8436 (3.71% from mid-rate)
To Amount (AUD) A$9,204.17
Total Cost:3.85%
Difference:
A$188 AUD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.8360 (4.11% from mid-rate)
To Amount (AUD) A$9,152.46
Total Cost:4.39%
Difference:
A$240 AUD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.8266 (4.6% from mid-rate)
To Amount (AUD) A$9,111.08
Total Cost:4.83%
Difference:
A$281 AUD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.8134 (5.29% from mid-rate)
To Amount (AUD) A$9,110
Total Cost:4.84%
Difference:
A$282 AUD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.8191 (4.99% from mid-rate)
To Amount (AUD) A$9,059.12
Total Cost:5.37%
Difference:
A$333 AUD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.8115 (5.38% from mid-rate)
To Amount (AUD) A$9,021.27
Total Cost:5.76%
Difference:
A$371 AUD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/26/2020 - 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.


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)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

 

Australian Dollar (AUD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.

At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

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.

For AUD forecasts and predictions read our Australian Dollar Forecasts report.

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