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Best AUD to GBP exchange rates today
Get the best rate to send money from Australia to the UK.
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.
Today’s mid-market rate
Refreshing in: 60s | Sat, Feb 29, 01:45PM GMT
Buy British pounds with Australian dollar online
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When is the best time to buy?
The price of currency depends on political events, natural disasters and other factors around the world. As Australia’s unemployment increases in 2019 and a looming trade war between the US and China, the value of the AUD will decrease.
How does the Australian dollar trade against the British pound historically?
The global financial crisis in 2008 affected both the Australian dollar and British pound. The Australian dollar reached 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.
Even though “Brexit” vote — or Britain’s proposed exit from the European Union voted by referendum in June 2016 — affected many currencies around the world, the Australian dollar didn’t move much. The AUD to GBP exchange rate went from 0.519547 in June 2016 to 0.572899 in July 2016. With the UK’s exit from the UN still in talks, experts predict that the British economy will remain volatile.
AUD to GBP exchange rate history
We’ve put together the average exchange rate for the Australian dollar against the British pound from the past week.
|Feb 22||Feb 23||Feb 24||Feb 25||Feb 26||Feb 27||Feb 28|
|1 AUD =||0.5113 Inverse: 1.9556||0.5100 Inverse: 1.9608||0.5115 Inverse: 1.9550||0.5080 Inverse: 1.9685||0.5073 Inverse: 1.9713||0.5106 Inverse: 1.9584||0.5076 Inverse: 1.9699|
Average exchange rate over the past 6 months.
|Oct 2019||Oct 2019||Nov 2019||Dec 2019||Jan 2020||Feb 2020|
|1 AUD =||0.5457 Inverse: 1.8325||0.5319 Inverse: 1.8802||0.5259 Inverse: 1.9015||0.5148 Inverse: 1.9424||0.5244 Inverse: 1.9071||0.5147 Inverse: 1.9428|
Average exchange rate over the past 10 years.
|1 AUD =||0.4922|
What affects AUD to GBP exchange rates?
Five main factors affect the Australian dollar and British pound are 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.
Ultimately, how a currency pair trades is subject to many factors, so consider current events and their effect on global markets.
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.
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