The Citibank GBP to AUD rate is 2.0245. This is -2.7% below the mid-rate. Compare Citibank currency conversion rates - Reduce FX costs.
The Citibank GBP to AUD exchange rate is 2.0245. This is -2.7% compared to the latest GBP-AUD mid-market rate 2.0808.
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 2.0704 from OFX, -0.5% from the mid-market rate 2.0808. The next best rate is 2.0683 from XE, -0.6% from the mid-rate. Then Wise with 2.0662 is -0.7% from the mid-rate.
The Western Union rate is 2.06 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 1.9745 at -5.1%, the Royal Bank of Scotland rate is 1.987 at -4.5%, and the Barclays Bank rate is 2.008 at -3.5% compared to the mid-rate 2.0808.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank 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 Citibank Sterling to Aussie comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest GBP-AUD mid-rate (see Market Data below ) and the possible savings of using various providers.
Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.
FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.
When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.
While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
British pound (GBP) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/AUD | Change | Period |
|---|---|---|---|
14 Apr 2025 | 2.0850 | 0.1% ▼ | 2 Week |
28 Jan 2025 | 1.9900 | 4.6% ▲ | 3 Month |
28 Apr 2024 | 1.9122 | 8.9% ▲ | 1 Year |
29 Apr 2020 | 1.9026 | 9.5% ▲ | 5 Year |
01 May 2015 | 1.9283 | 8% ▲ | 10 Year |
03 May 2005 | 2.4442 | 14.8% ▼ | 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.
Recent forecasts for the GBP to AUD exchange rate reflect ongoing geopolitical and economic tensions, significantly influenced by U.S. tariffs on both currencies. Analysts note that the British pound (GBP) has shown mixed performance, with a recent slip against stronger currencies despite better-than-expected retail sales data from the UK, which reported a 0.4% increase in March as opposed to an anticipated contraction. This mixed data may indicate underlying weaknesses in the UK economy, and the upcoming Confederation of British Industry’s distributive trades survey could further affect Sterling, particularly if it adds to existing pessimism.
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 in Australia plus living and doing business 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
News2025-04-10
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
News2025-03-19
The global currency landscape is experiencing notable shifts as the euro strengthens against major currencies, influenced by economic policies, geopolitical events, and fluctuating oil prices.
Further reading on the Australian dollar (AUD) - Guides, Reviews & News from our research team.
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
^ Scroll back up to ^
^
