What is the
best Send Money conversion rate for GBP to AUD?
The best GBP to AUD exchange rate is 2.0791 from Wise. This is -0.45% compared to the mid-market rate 2.0885.
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
St George Bank - Sterling to Aussie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
St George Bank and other foreign exchange providers against the latest GBP-AUD mid-rate and the possible savings of using various providers.
How do St George Bank GBP-AUD rates compare between providers?
Looking at the
full comparison table
the best GBP to AUD exchange rate is 2.0791 from Wise, -0.45% from the mid-market rate 2.0885. The next best rate is 2.0781 from OFX, -0.5% from the mid-rate. Then XE with 2.076 is -0.6% from the mid-rate.
The Western Union rate is 2.0677 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.9817 at -5.1% the Royal Bank of Scotland rate is 1.9943 at -4.5% and the Barclays Bank rate is 2.0154 at -3.5% compared to the mid-rate 2.0885.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like St George 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.
Compare GBP to AUD Transfer Rates