Australian Dollar

Australian Dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. The Australian dollar was legal tender of Papua New Guinea until 1 January 1976, when the Papua New Guinean kina became the sole legal tender. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. In 2016, the Australian dollar was the fifth most traded currency in the world, accounting for 6.9% of the world's daily share (down from 8.6% in 2013). It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

1 Australian Dollar to British Pound exchange rates chart

1 AUD to GBP exchange rates graph
1 AUD to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 AUD to GBP exchange rates table

Exchange AUD to GBP
1 Australian Dollar = 0.555 British Pound
2 Australian Dollar = 1.110 British Pound
5 Australian Dollar = 2.776 British Pound
10 Australian Dollar = 5.551 British Pound
Exchange Australian Dollar to British Pound
1 Australian Dollar to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best AUD/GBP rate at Wexchange in Melbourne

1 AUD to GBP exchange rates at Wexchange in Melbourne
1 Australian Dollar = 0.549 British Pound
Wexchange
Wexchange

The WeXchange service is provided by WeXchange Pty Ltd ABN 52 155 326 846, under AFSL 411932 & AR 472473. We have four locations across Australia equipped with state-of-theart automatic cash counters, and an online store to ensure we are meeting your needs wherever you are, twentyfour hours a day and seven days a week. We welcome all enquiries so contact our friendly service team online or pop in-store today. WeXchange is a foreign exchange service provider that is committed to providing...

Best AUD/GBP rate at United Currency Exchange in Melbourne

1 AUD to GBP exchange rates at United Currency Exchange in Melbourne
1 Australian Dollar = 0.558 British Pound
United Currency Exchange
United Currency Exchange

United Currency Exchange was founded in 2006 and firstly established in Victoria, Australia. The company operates specifically as a foreign currency exchange dealer servicing international tourists and budget travellers. As the business operates in financial services industry, United Currency Exchange is committed to deliver excellent customer services as well as professionalism throughout its services. We buy and sell foreign currencies at very competitive exchange rates with no commissions,...

Best AUD/GBP rate at Danesh Exchange in Melbourne

1 AUD to GBP exchange rates at Danesh Exchange in Melbourne
1 Australian Dollar = 0.551 British Pound
Danesh Exchange
Danesh Exchange

At Danesh Exchange, we provide top class service for sending and receiving money worldwide. We have been providing service since 2001. Our 10 Minute, awards winning service means that you can access your money anywhere in the world within 10 minutes. We offer up to date and competitive exchange rates and followed by the quickest and safest possible transaction. Why we are recommended? Lower Fees Better Rates Faster Transactions Safe and Secure Flexible with more control

Best AUD/GBP rate at Thomas Exchange Global in London

1 AUD to GBP exchange rates at Thomas Exchange Global in London
1 Australian Dollar = 0.557 British Pound
Thomas Exchange Global
Thomas Exchange Global

Thomas Exchange Global was established in 1993 and has grown to become one of the leading providers of wholesale, retail, travel and commercial foreign exchange services to businesses and individual private clients in the UK. As a dedicated foreign exchange specialist, we have the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide you with an unprecedented level of service that sets the standard in the foreign exchange industry. We are...

1 AUD to GBP exchange rates news

Australian Dollar Can Hang On Again, But Downward Bias Remains

The Australian Dollar remains in unfamiliar territory just above the long downtrend that marked much of this year. What’s more it may well stay there

conditional neutral
'Risk off' return wipes $54 billion from ASX

Australian shares plummeted this week after a "risk off" market sent the market into a nose-dive on Tuesday and Wednesday, wiping $54 billion from the boards in the past five sessions.

indicative negative
US-China trade-deal hopes almost spare a red finish

Brexit upheavals were offset by conciliatory comments from China’s trade envoy ahead of meeting with US officials.

conditional negative
Is a weaker currency Australia's next big tourist attraction?

A record 9 million overseas tourists came to Australia last year and tourism industry insiders say it is not just the lure of unforgettable sights pulling them onto the planes — the falling Australian dollar is also helping.

conditional positive
Australian dollar up
Australian dollar up

Aussie dollar rises slightly against the greenback.

conditional neutral
British Pound Weekly Technical Forecast: Sterling Seeks Further Brexit News

The Pound faced a tumultuous trading week with a breakdown in Brexit optimism as members of Parliament voiced outrage over a proposed Brexit deal text.

subjunctive neutral
Sterling scarred by Brexit turmoil; Asia shares cling to trade hopes

By Wayne ColeSYDNEY (Reuters) - The British...

conditional neutral
GBP/JPY Price Forecast - British pound bounces from the ¥145 level

The British pound bounced a bit from the ¥145 level during the trading session on Friday as perhaps a bit of short covering was going on. Quite frankly, this is a small reprieve and what has been extraordinarily volatile market.

conditional neutral
GBP/JPY Weekly Price Forecast - British pound rolls over for the week

The British pound initially tried to rally during the week but found enough resistance at the previous downtrend line to roll over again. It looks as if we are starting to trace out a descending channel, which of course is negative.

conditional neutral
NZ dollar rallies against British pound on Brexit turmoil - sharechat.co.nz

The New Zealand dollar climbed against the British pound amid intensifying political turmoil in the UK over the government's Brexit plans. The kiwi also strengthened against the US currency

conditional neutral

1 AUD to GBP currency converter