Best Pound to Australian Dollar Exchange Rate Today: Achieve a money transfer rate just 60 pips away (a spread of 0.60%) from the live market rate, find out more below.
Live Market Rate: 1.8023
Best Australian Dollar Rate Today on the Retail Market:
1.7914 on amounts of 5K-50K at Horizon Currency.
- approx. 1.795 on amounts over 50K at Horizon Currency.
Key GBP/AUD Statistics:
The best British Pound to Australian Dollar exchange rate of the year to date (past 365 days) was 1.9841 achieved on 16-04-2020.
Today's exchange rate is at 1.8023, this is 9.16% off the best exchange rate of the past year-to-date.
The best British Pound to Australian Dollar rate of the last month (last 30 Days to date) was at 1.8264, today's conversion is 1.32% off that rate.
Why Some Rates are Better than Others
Those seeking a strong GBP to AUD exchange rate rate are advised that all currency providers offer significantly different exchange rates to those being quoted on financial news websites, as shown by our data above.
Essentially, the retail foreign exchange market is discretionary as providers can pass on whatever rate they desire.
We monitor the markets and are able to arrive at the exchange rate you should be more or less aiming for when it comes to Australian dollar transfers.
A good independent currency provider should have access to the wholesale interbank markets and is therefore able to compete directly with your bank on currency exchange.
These are the very markets that the banks themselves trade at; and this is the Australian dollar rate you see when using normal currency converters.
You will see these rates are highly discretionary and the higher the spread charged, the less currency you get.
So the worst GBP-AUD rates you see quoted are actually great for the provider as the difference ends up in their pockets.
But by being tighter on the spreads offered Horizon Currency deliver you more currency and by doing so hope to attract custom away from the traditional players.
In addition, specialists are able to offer personally assigned dealers that are reactive to market moves.
An independent provider also allows you to set up hedging strategies to take advantage of beneficial rate movements while simultaneously protecting yourself from adverse turns in the market.