The live mid-rate GBP to AUD exchange rate is 1.9829. Compare currency conversion rates - Reduce FX costs.
The best GBP to AUD exchange rate is our partner deal rate of 1.973 from OFX . This is -0.5% compared to the mid-market rate 1.9829.
The standard OFX GBP-AUD rate is 1.957, -1.3% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Australian dollar (AUD) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to AUD exchange rate is 1.973 from OFX, -0.5% from the mid-market rate 1.9829. The next best rate is 1.971 from XE, -0.6% from the mid-rate. Wise with 1.969 is -0.7% from the mid-rate.
The Western Union rate is 1.9631 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 1.8816 at -5.1%, the Royal Bank of Scotland rate is 1.8935 at -4.5%, and the Barclays Bank rate is 1.9135 at -3.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Sterling to Aussie comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-AUD mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/AUD | Change | Period |
|---|---|---|---|
25 Nov 2024 | 1.9387 | 2.7% ▲ | 2 Week |
10 Sep 2024 | 1.9659 | 1.3% ▲ | 3 Month |
10 Dec 2023 | 1.9080 | 4.4% ▲ | 1 Year |
11 Dec 2019 | 1.9214 | 3.7% ▲ | 5 Year |
12 Dec 2014 | 1.9060 | 4.5% ▲ | 10 Year |
14 Dec 2004 | 2.5407 | 21.6% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to AUD (British pound to Australian dollar)*.
*Converted at the current GBPAUD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The GBP to AUD exchange rate is currently hovering around 1.9808, reflecting a 1.5% premium over its three-month average of 1.9524, and indicates a period of relative stability for the pound. Recent market updates suggest that the GBP found support from an upward revision of the UK's services PMI, which highlighted a resilient private sector that avoided contraction last month. However, FX analysts note that further upside for the pound may be constrained by comments from Bank of England Governor Andrew Bailey, who indicated potential interest rate cuts in 2025 as inflation expectations calm down. As a result, Sterling's trajectory may remain lateral amid a scarcity of major economic releases from the UK.
Read our full review of recent GBP to AUD forecasts.
There are several ways to save on exchange rates when converting British pound to Australian dollar:
Generally speaking, if you are buying Australian dollar with British pound, then it's better for the GBP/AUD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/AUD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | Australia (AUD) |  Christmas Island (AUD) |
 Cocos Keeling Islands (AUD) |  Heard and McDonald Islands (AUD) |  Kiribati (AUD) |
 Nauru (AUD) |  Norfolk Island (AUD) |  Tuvalu (AUD) |
There are no limits on the amount of money that can be sent to or from Australia. However, there may be fees and exchange rates that apply when sending money internationally, and these costs can vary depending on the method of transfer and the country where the money is being sent.
If you are sending a large amount of money to or from Australia, it is a good idea to compare the fees and exchange rates offered by different money transfer providers to find the most cost-effective option.
Read more at our Australia (AUD) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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