GBP to AUD mid-rate = 1.8411
Right now the GBP/AUD market mid-rate is 1.8411 and represents ideally how many Australian Dollar you can get for one British Pound Sterling.
You can calculate equivalent British Pound Sterling to Australian Dollar currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for GBP to AUD transfers or buying AUD travel money.
Currency Converter GBP to AUD
British Pound Sterling |
Australian Dollar |
|---|---|
| 1 GBP | 1.8411 AUD |
| 5 GBP | 9.2055 AUD |
| 10 GBP | 18.41 AUD |
| 20 GBP | 36.82 AUD |
| 50 GBP | 92.06 AUD |
| 100 GBP | 184.11 AUD |
| 250 GBP | 460.28 AUD |
| 500 GBP | 920.55 AUD |
| 1,000 GBP | 1,841.10 AUD |
| 2,000 GBP | 3,682.20 AUD |
| 5,000 GBP | 9,205.50 AUD |
| 10,000 GBP | 18,411.00 AUD |
| 50,000 GBP | 92,055.00 AUD |
| AUD Country Guides | ||
|---|---|---|
 Australia |  Christmas Island |  Cocos Keeling Islands |
 Heard And McDonald Islands |  Kiribati |  Nauru |
 Norfolk Island |  Tuvalu |
British Pound Sterling to Australian Dollar (GBP-AUD) - 10 Year History
The below table shows the historic variation in the GBP/AUD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 14 Oct 2018 | 1.8490 | Latest | |
| 07 Oct 2018 | 1.8607 | 1 Week | -0.63% |
| 14 Sep 2018 | 1.8273 | 1 Month | +1.19% |
| 17 Apr 2018 | 1.8406 | 6 Months | +0.46% |
| 14 Oct 2017 | 1.6840 | 1 Year | +9.8% |
| 14 Oct 2016 | 1.5999 | 2 Years | +15.57% |
| 15 Oct 2013 | 1.6784 | 5 Years | +10.16% |
| 16 Oct 2008 | 2.5540 | 10 Years | -27.6% |
The three things you need in order to get a good GBP to AUD exchange rate
- Know the latest GBP/AUD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Transaction Costs - Margins and Fees for GBP/AUD Transfers and Currency 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.
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.
Compare Foreign Transfers vs the Banks
Send GBP £5,000 → Receive AUD
| Provider | Receive Amount AUD | Exchange Rate | Cost | Reviews | Links to Offers |
|---|---|---|---|---|---|
 OFX | $9136.50 AUD | 1.8273 | 0.76% | ||
Banks - Average Rate      | $8854.68 AUD | 1.7762 | 3.82% |
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.
Compare Travel Money Exchange Rates vs the Banks
GBP £1,000 → Spend Australian dollar (AUD)
| Provider | Spend Amount GBP | Exchange Rate | Cost | Reviews | Links to Offers |
|---|---|---|---|---|---|
 Travelex Online UK | $1789.10 AUD Top Provider | 1.7891 | 2.83% |  | |
Banks - Average Rate | $1737.61 AUD $51 less | 1.7533 | 5.63% |
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.
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 must always be quoted in comparison to a second 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
Between April and August, the pound slumped as a “no deal” Brexit became increasingly likely. It fell 12 percent against the US dollar to $1.266 and by around 5 percent against the less volatile euro, to €1.10.
By early October, the British currency had made back around a quarter of the aforementioned loss against the dollar, to $1.31, and around half against the euro, to €1.139, but it remained vulnerable to Brexit-related news flow.
On the monetary policy front, the Bank of England finally raised UK interest rates in August, to 0.75 percent, but any support this lent to the pound at the time was limited due to suggestions from an outgoing member of the BOE that rates will need to stay low for two decades.
In October, Credit Agricole were still advising clients to “avoid GBP,” citing Brexit uncertainty.
In September, Citibank offered a GBP/USD 6-12-month forecast of $1.21.
Australian Dollar (AUD) - Market news and forecasts
The Australian dollar has struggled in 2018 but its prospects for 2019 remain good.
In the second half of September, the Aussie recovered slightly from long-term lows against the euro, yen, Swiss franc and US dollar. It did, however, slump by October 2nd (the day of this report) to a three-year low versus the Canadian dollar.
Keeping the Aussie on the backfoot this year have been matters of monetary policy. A decision in August by Australian commercial banks to raise lending rates reduced the need for the RBA to raise the nation’s benchmark rate. It is the benchmark rate, not commercial lending rates, that affect the Australian dollar’s value, and this is now unlikely to be increased earlier than 2020.
Inaction on monetary policy lends itself to lower AUD exchange rates (the Aussie bought only 71.9 US cents and 62.5 euro cents at the time of writing) but this will change next year. The inevitability of higher Australian interest rates will become the narrative in mid-2019, thinks Citibank, and this will drive capital into AUD and force its price up to 77 US cents.
An even stronger bullish view was expressed in September by UBS, which predicted a rise in AUD to 82 US cents by the end of 2019. The Swiss bank said that other hinderances to AUD, such as emerging market FX volatility and US-China trade tensions, would dissipate.
Why can't I just get the same GBP/AUD market rate I see on Google or in the Media?
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.
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.
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 our GBP to AUD currency converter to calculate equivalent amounts in each currency 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.