AUD/GBP Exchange Rates

Check out the latest on the AUD/GBP exchange rate here. We provide timely updates and analyses, making it easier for you to stay informed about this crucial currency exchange pairing.

Exchange Rates

£
1.00 British Pound =1.15 Euros
1.00 BGR =1.15300946 EUR
1.00 EUR =0.85300946 BGR
Our currence converter displays mid-market exchange rates. You won’t receive these rates when making transfers.
Last updated:  Jan 1, 2024

About the Australian Dollar

  • The Australian Dollar was introduced in 1966.
  • The Australian Dollar is used in Australia, Kiribati, Nauru, and Tuvalu.
  • The Australian Dollar is considered a major currency and the world’s 6th most-traded currency.
  • The Australian Dollar symbol is $ (A$ or AU$).
  • It is regulated by The Reserve Bank of Australia (RBA).

AUD/GBP History

2023

In 2023, the AUD/GBP average exchange rate is 0.5297.
The highest rate point of the year was on 2023-02-15 when the rate was 0.5739.
The lowest rate point of the year was on 2023-08-18 when the rate was 0.5023.

2010-2023

Between 2010 and 2023, the AUD/GBP average exchange rate was approximately 0.5701.
The highest rate in this period was on 2014-12-29, when the rate was 0.7917.
The lowest rate in this period was on 2015-08-26, when the rate was 0.4525.

AUD/GBP Predictions and Expectations

The AUD/GBP currency pair has experienced significant fluctuations over the years, and as we move into 2024, various factors are expected to influence its performance. Drawing insights from leading financial institutions and analysts, a comprehensive outlook for the AUD against the GBP unfolds, reflecting a mix of cautious optimism and analytical predictions based on economic indicators, interest rate differentials, and global economic trends.

Steady Growth Anticipated

The National Australia Bank (NAB) forecasts a steady performance for the AUD against the GBP in the first half of 2024, with a modest increase to 0.54 GBP by the year’s end. Similarly, the Commonwealth Bank predicted the AUD to climb to 0.59 GBP by the end of 2024, suggesting a potential strengthening of the Australian dollar. Westpac also shares this positive outlook, expecting the AUD to reach 0.57 GBP by December 2024​​.

AUD-GBP Prediction

Economic Factors at Play

Interest rates play a pivotal role in currency valuation, and the Bank of England’s (BoE) aggressive rate hikes in 2023, contrasted with the Reserve Bank of Australia’s (RBA) more cautious approach, have impacted the AUD/GBP exchange rate. However, with inflation rates showing signs of stabilization and the global economic outlook improving, these dynamics are likely to shift, potentially favoring the AUD as economic growth in Australia is expected to outpace that of the UK​​.

Varied Predictions for the Long Term

Looking further ahead, predictions for the AUD/GBP pair vary, with some analysts forecasting slight fluctuations but a general trend of appreciation for the AUD. For instance, forecasts for 2025 and beyond indicate a gradual strengthening of the Australian dollar, though predictions acknowledge the inherent volatility of currency markets and the influence of unforeseen economic factors​​.

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