Best pound to Australian dollar exchange rate | 1 GBP = 2.04 AUD

Find the best exchange rate when converting your British pounds to Australian dollars.

Last updated:

When sending money to Australia — whether to a loved one or for business — make your pounds go further when with a strong exchange rate.

Live Rate

= $ 2.0385

Refreshing in: 60s | Sun, Apr 05, 11:48PM GMT

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Today’s mid-market rate

The mid-market British pound–to–Australian dollar exchange rate is 1 GBP = 2.04 AUD. (Rate accurate as of Apr 06, 2020.)

Historical rate chart of GBP and AUD

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Updated: 05 Apr 2020 23:48:04 UTC

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

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,000 1 day GBP 0.00 2.018 AUD
10,091
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 5,000 Same day GBP 0.00 2.03 AUD
10,152
Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies. Go to site Show details
GBP 3,000 1 day GBP 0.00 2.018 AUD
10,091
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 1 1 - 2 days GBP 0.00 2.03 AUD
10,152
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 2,000 1 day GBP 0.00 2.018 AUD
10,091
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 2,500 1 day GBP 0.00 2.018 AUD
10,091
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 5,000 Same day GBP 0.00 2.018 AUD
10,091
Clear Capital specialises in sending over 150 currencies abroad for both individuals and businesses. Expect to receive a dedicated account manager and same-day transfers. Go to site Show details
GBP 2,500 Same day GBP 0.00 2.018 AUD
10,091
Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment. Go to site Show details
GBP 5,000 1 day GBP 0.00 2.027 AUD
10,137
Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 2.018 AUD
10,091
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 5 2 days EUR 3.00 2.028 AUD
10,142
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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GBP 50 Same day GBP 2.99 2.029 AUD
10,140
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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

With strong historical ties between the UK and Australia, the pound and the Aussie dollar has enjoyed a fairly even playing field.

On February 14, 1966, Australia introduced the Australian dollar to replace the Australian pound. The strength of the Aussie dollar became apparent when the British pound was devalued against the US dollar in 1967. The Australian dollar has better resisted global changes ever since.

More recently, the global financial crisis in 2008 affected both the British pound and Australian dollar. The Australian dollar reached highs of 2.474488 per pound in October 2008, from 2.065693 in July of 2008. It gradually strengthened and by August 2009 had dropped to under two dollars per pound.

The effects of ‘Brexit’ on currency exchange

Since Brexit — or Britain’s proposed exit from the European Union — in June 2016, the British pound has declined against several currencies, including the Australian dollar. From June 2016 to July 2016, the GBP to AUD exchange rate went from 1.9675 to 1.7520. It has remained between 1.6 and 1.7 pounds to the Aussie dollar since the Brexit vote.

Though the British pound is historically stronger than the Australian dollar, Brexit could lead to a weaker pound as the British economy remains volatile.

GBP > AUD exchange rate history

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

2016201520142013201220112010200920082007
GBP = AUD1.8258062.0361941.8262781.6230181.5303401.5533891.6836971.9917842.1873082.390299

Here’s the monthly average exchange rate for the British pound over the past 12 months.

Mar. 20171.618876

MonthGBP = AUD
Feb. 20171.614938
Jan. 20171.656809
Dec. 20161.701185
Nov. 20161.656284
Oct. 20161.622004
Sep. 20161.733502
Aug. 20161.716483
Jul 20161.745075
Jun 20161.916495
May 20161.987331
Apr 20161.867060
Mar 20161.899159

What affects GBP > AUD exchange rates?

Five main factors affect the British pound and Australian dollar, including 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.

Bottom line

By doing your research to find the best exchange rate when transferring money from the UK to Australia, you can make your money go further. With Brexit leaving the British economy on unstable ground, keep an eye on the market before exchanging your pounds to the Aussie collar.

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