GBP/AUD: what to know
The GBP/AUD rate shows how much AUD you get for 1 GBP. Right now, 1 GBP buys 1.8798 AUD at the mid-market rate. In the other direction, 1 AUD is worth 0.5320 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while AUD responds to commodity prices and Chinese demand.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the GBP/AUD rate has ranged between 1.8634 and 2.0695 — a change of -8.76% 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.