Get more pounds with the best AUD > GBP exchange rate as of Sep 24, 2018
Best AUD > GBP exchange rates

Best AUD > GBP exchange rates as of Sep 24, 2018

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When sending money from Australia to the UK, here’s how to find the best exchange rate for your Aussie dollars to British pounds.

Whether you’re investing in a business in London or sending money to your mom in Edinburgh, a strong exchange rate will get you more bang for your Australian buck.

Get the best rate for your AUD > GBP exchange

We’ve gathered today’s best rates to inform your foreign exchange decisions when sending money from Australia to the UK.

Refreshing in: 60s | Mon, 24 Sep 04:10pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3771 Inverse: 0.7262 1.2940 Inverse: 0.7728 0.849448 Inverse: 1.1772 6.8580 Inverse: 0.1458 0.761934 Inverse: 1.3125 72.816151 Inverse: 0.0137 18.8610 Inverse: 0.0530 54.234347 Inverse: 0.0184
1 AUD = 0.7262 Inverse: 1.3771 1.0000 0.9396 Inverse: 1.0643 0.6168 Inverse: 1.6212 4.9799 Inverse: 0.2008 0.5533 Inverse: 1.8074 52.8758 Inverse: 0.0189 13.6960 Inverse: 0.0730 39.3825 Inverse: 0.0254
1 EUR = 1.1772 Inverse: 0.8494 1.6212 Inverse: 0.6168 1.5233 Inverse: 0.6565 1.0000 8.0734 Inverse: 0.1239 0.896976 Inverse: 1.1149 85.721777 Inverse: 0.0117 22.2039 Inverse: 0.0450 63.8466 Inverse: 0.0157
1 GBP = 1.3125 Inverse: 0.7619 1.8074 Inverse: 0.5533 1.6983 Inverse: 0.5888 1.1149 Inverse: 0.8970 9.0007 Inverse: 0.1111 1.0000 95.567557 Inverse: 0.0105 24.7542 Inverse: 0.0404 71.1799 Inverse: 0.0140

How does the Australian dollar trade against the British pound historically?

The Australian dollar was introduced in 1966 to replace the Australian pound. At the time, the dollar was maintained under the Bretton Woods system, a monetary management system that established the rules for the commercial and economic relationships among the US, Canada, Western Europe, Australia and Japan.

Under the Bretton Woods agreement, currencies were pegged to the price of gold, with the US dollar a reserve currency linked to gold. But the Australian dollar was effectively pegged to the British pound under this agreement.

The global financial crisis in 2008 had an effect on both the Australian dollar and British pound. The Australian dollar reached highs of 2.474488 per pound in October 2008 from 2.065693 per pound in July 2008. By August 2009 the Aussie dollar had dropped to under two dollars per pound. And in 2011, the Australian dollar became the fifth most traded currency in the world behind the US dollar, euro, yen and British pound.

Even though “Brexit” — or Britain’s proposed exit from the European Union voted by referendum in June 2016 — greatly affected many currencies around the world, its effect on the Australian dollar was minimal. The AUD/GBP exchange rate went from 0.519547 in June 2016 to 0.572899 in July 2016. With the UK’s exit from the UN scheduled for March 2019, experts predict that the British economy will remain volatile.

AUD > GBP exchange rate history

We’ve put together the annual average exchange rate for the Australian dollar against the British pound from 2007 to 2016.

2016201520142013201220112010200920082007
AUD = GBP0.5511050.4922310.5477960.6192120.6538050.6440860.5948750.5045560.4584580.418793

Here’s the monthly average exchange rate for the Australian dollar over the past 12 months.

MonthAUD = GBP
Jan. 20170.756946
Dec. 20160.749271
Nov. 20160.743091
Oct. 20160.755159
Sept. 20160.763109
Aug. 20160.769542
July 20160.767398
June 20160.775202
May 20160.773476
April 20160.779029
March 20160.755444
Feb. 20160.724475

What affects AUD > GBP exchange rates?

Five main factors affect the Australian dollar and British pound: monetary policy, price inflation, confidence and sentiment, economic growth using the gross domestic product (GDP) and the balance of payments. These factors can offer a comprehensive view of the direction a currency is going.

A clear example of how this works happened in 2015. Heavy flooding in Australia’s eastern states — particularly in Queensland — affected Australia’s GDP and inflation. A primary factor used to gauge the health of a country’s economy, the GDP went on to affect how the Australian dollar traded in global markets. From June 2015 to February 2016, the Australian dollar remained above 2.0 to the pound.

Compare today’s rates from providers who can send AUD to GBP

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$0 3 - 5 days AUD 0.00 0.549 GBP 2,743 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day AUD 0.00 0.548 GBP 2,742 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 Within an hour AUD 3.99 0.548 GBP 2,739 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
$8 1 - 2 days AUD 5.00 0.548 GBP 2,736 Exchange money on your terms. Go to site Show details

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Bottom line

Ultimately, how a currency pair trades is subject to many factors. Since currency value is relative to other currencies, it’s difficult to accurately project exactly how much an exchange rate will be in the future. However, with Brexit looming, the Australian dollar could strengthen over the British pound in the next few years.

When choosing a money transfer service for currency exchange, it’s best to look for an exchange rate that’s closest to the mid-market rate and comparable to historically low exchange rates within the past year.

What is the mid-market rate?

The mid-market rate is what your money’s actually worth on the global market compared to another currency. It’s the midpoint between worldwide supply and demand for that currency — and the rate banks and transfer services use when they trade among themselves.

Use the mid-market rate as a baseline to compare against the rates provided by your bank or transfer service. With it, you’ll discover which companies offer the best rates.

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