ING Bank GBP to AUD Exchange Rates & Currency Deals
GBP-AUD Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your ING Bank 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 transaction type, details and click ‘GET RATES’.
GBP to AUD Market Data
British pound (GBP) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the GBP to AUD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the British pound against the Australian dollar is to review how the GBP/AUD rate has changed over time.
The table below shows the percentage change in the GBP to AUD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The GBP/USD exchange rate currently leans bullish, primarily supported by recent signals from the Bank of England (BoE) indicating a cautious approach...
GBP/AUD has a bearish tone as the Pound faces pressure despite stable interest rates from the BoE. Analysts note that a surprise in UK retail sales could support Sterling, while the AUD may gain traction from potential RBA hikes. Currently, GBP/AUD trades at 2.0112, within a narrow range
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GBP to AUD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Australian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to AUD?
The best GBP to AUD exchange rate is 2.002 from Wise. This is -0.39% compared to the mid-market rate 2.0098.
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
ING Bank - Sterling to Aussie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
ING Bank and other foreign exchange providers against the latest GBP-AUD mid-rate and the possible savings of using various providers.
How do ING Bank GBP-AUD rates compare between providers?
Looking at the full
GBP to AUD - Send Money comparison table the provider with the best GBP to AUD exchange rate is Wise at 2.002, -0.39% from the latest mid-market rate 2.0098.
The next best is OFX at 1.9998, -0.5% from the mid-rate.
Then XE at 1.9978, which is -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like ING Bank 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.