AUD/GBP: what to know
The AUD/GBP rate shows how much GBP you get for 1 AUD. Right now, 1 AUD buys 0.5188 GBP at the mid-market rate. In the other direction, 1 GBP is worth 1.9275 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while GBP responds to Bank of England policy and the UK economy.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the AUD/GBP rate has ranged between 0.4776 and 0.5366 — a change of +7.28% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.