Understanding the Table:
The comparison table above helps you see the total cost of your Post Office currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
The best GBP to AUD exchange rate is 2.0725 from Wise. This is -0.45% compared to the mid-market rate 2.0819.
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.
The above Post Office - Sterling to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Post Office and other foreign exchange providers against the latest GBP-AUD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best GBP to AUD exchange rate is 2.0725 from Wise, -0.45% from the mid-market rate 2.0819. The next best rate is 2.0715 from OFX, -0.5% from the mid-rate. Then XE with 2.0694 is -0.6% from the mid-rate.
The Western Union rate is 2.0611 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.9766 at -5.1% the Royal Bank of Scotland rate is 1.9891 at -4.5% and the Barclays Bank rate is 2.009 at -3.5% compared to the mid-rate 2.0819.
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 like Post Office or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: