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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 = 1.8747 AUD

GBP to AUD - Trading Range (90 Day)
14-DAY LOW (3d)
At 1.8653 GBP/AUD is trading 1.8% above its 90-DAY average with range 1.7734 to 1.8983. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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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$9,252
Best Overall
1.850401.48%
OFX logo
A$9,316
A$64 more
1.8632£0^0.8%
WorldFirst logo
A$9,344
A$92 more
1.868800.5%
HSBC logo
A$9,066.38
A$186 less
1.816£7.53.46%
Natwest Bank logo
A$9,015.87
A$236 less
1.8086153.99%
Citibank International Money Transfers
Citibank logo
A$8,975.41
A$277 less
1.7994124.43%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
A$8,974
A$278 less
1.8001154.44%
Santander International Money Transfers
Santander logo
A$8,923.66
A$328 less
1.7919204.98%
Lloyds TSB logo
A$8,886.81
A$365 less
1.7845205.37%
 

TorFX logo

TorFX: Foreign Transfer GBP→AUD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.8504 (1.48% from mid-rate)
To Amount (AUD) A$9,252
Total Cost:1.48%
Time:16:20 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:1.8632 (0.8% from mid-rate)
To Amount (AUD) A$9,316
Total Cost:0.8%
Difference:
A$64 AUD more than using TorFX
Time:
Rate Fetched: 16:20 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:1.8688 (0.5% from mid-rate)
To Amount (AUD) A$9,344
Total Cost:0.5%
Difference:
A$92 AUD more than using TorFX
Time:16:20 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:1.8160 (3.31% from mid-rate)
To Amount (AUD) A$9,066.38
Total Cost:3.46%
Difference:
A$186 AUD less than using TorFX
Time:16:20 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:1.8086 (3.71% from mid-rate)
To Amount (AUD) A$9,015.87
Total Cost:3.99%
Difference:
A$236 AUD less than using TorFX
Time:16:20 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:1.7994 (4.2% from mid-rate)
To Amount (AUD) A$8,975.41
Total Cost:4.43%
Difference:
A$277 AUD less than using TorFX
Time:16:20 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:1.7864 (4.89% from mid-rate)
To Amount (AUD) A$8,974
Total Cost:4.44%
Difference:
A$278 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:1.7919 (4.59% from mid-rate)
To Amount (AUD) A$8,923.66
Total Cost:4.98%
Difference:
A$328 AUD less than using TorFX
Time:16:20 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:1.7845 (4.99% from mid-rate)
To Amount (AUD) A$8,886.81
Total Cost:5.37%
Difference:
A$365 AUD less than using TorFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 11/11/2019 - 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
A$1,811.5
Best Overall
1.8115£0^3.55%
Post Office Money Foreign Currency
Post Office Money logo
A$1,799.8
A$12 less
1.799804.17%
Citibank Foreign Currency
Citibank logo
A$1,767.45
A$44 less
1.7853£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
A$1,752
A$59 less
1.7717£106.73%
Lloyds TSB logo
A$1,749.53
A$62 less
1.7672£106.85%
Santander Foreign Currency
Santander logo
A$1,749.53
A$62 less
1.7672£106.85%
Natwest Bank logo
A$1,740.69
A$71 less
1.7672£157.32%
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→AUD
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.8115 (3.55% from mid-rate)
To Amount (AUD) A$1,811.5
Total Cost:3.55%
Time:
Rate Fetched: Mon Nov 11 2019 16:15:02 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Post Office Money logo

Post Office Money: Travel Money GBP→AUD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.7998 (4.17% from mid-rate)
To Amount (AUD) A$1,799.8
Total Cost:4.17%
Time:16:20 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Travel Money GBP→AUD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.7853 (4.95% from mid-rate)
To Amount (AUD) A$1,767.45
Total Cost:5.9%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→AUD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.7672 (5.91% from mid-rate)
To Amount (AUD) A$1,752
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→AUD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.7672 (5.91% from mid-rate)
To Amount (AUD) A$1,749.53
Total Cost:6.85%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→AUD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.7672 (5.91% from mid-rate)
To Amount (AUD) A$1,749.53
Total Cost:6.85%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→AUD
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.7672 (5.91% from mid-rate)
To Amount (AUD) A$1,740.69
Total Cost:7.32%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 11/11/2019 - See full table

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)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

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.

Earlier in the year the pound was the worst-performing major currency by some margin. 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.

Read more in the article GBP Forecasts.

 

Australian Dollar (AUD)

At the end of October the AUD 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. 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