Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
UkForex Foreign Exchange Transfers
Quick Calc

Best Exchange Rates | Compare Foreign Exchange Rates from Banks & Currency Providers

         Intn'l Transfer Rates            Foreign Cash/Travel Money

GBP/AUD Exchange Rate

GBP 1.00 = AUD Mid-Rate       /
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your Overseas Transfers and Travel Money/Card transactions. We also provide currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.
* Note exchange rates are different for each transaction type : Select Exchange Rate Type

Monday, 01 September 2014 - Market Commentary
Daily currency news provided by UkForex

: GBP/USD drifted lower on Friday although it did spike to a high of 1.6610 as the London session finished. It eventually fell to a low of 1.6564 very late on but has staged a rapid recovery in Asia to open this morning at 1.6630. It’s been a whippy last few sessions of trading compounded somewhat by the fact it’s a public holiday in the U.S. today and markets have started thinning out. US data released on Friday was generally pretty strong with Chicago PMI – the biggest release on the day – printing better than market forecasts at 64.3 - it was part of the reason why we saw cable drift lower on Friday. The focus this week will be on UK PMI’s, monetary policy decisions and U.S. Non-Farm Payrolls. It’s a busy week starting with UK Manufacturing PMI this morning.
We expect a range today in the GBP/USD rate of 1.6580 to 1.6665
: EUR/USD was thumped lower on Friday. Attention in the morning was centred on European inflation data but it didn’t really surprise with the CPI Flash Estimate y/y printing at 0.3% (as expected). The European unemployment rate was also released and caused little fuss, printing at 11.5%. The pair fell to a low of 1.3126 late on Friday in reaction to the stronger than expected US data as well as re-positioning ahead of the long weekend in the U.S. Meanwhile the Russia/Ukraine situation continues to weigh on sentiment. There’s also growing and louder calls for the ECB to act this week when officials meet to decide on monetary policy. According to a report from Reuters, Benoit Coeure, an ECB official said over the weekend that the central bank was ready to adjust policy and provide additional liquidity to banks if needed. Draghi’s recent comments at Jackson Hole add weight to the argument that the bank will do something this Thursday too. EUR/USD eventually fell to a low of 1.3117 early this morning but has recovered a little to open this morning at 1.3135.
We expect a range today in the GBP/EUR rate of 1.2600 to 1.2685
⇒ view full report Charts : EUR/USD EUR/AUD EUR/JPY EUR/CHF EUR/CAD EUR/CNY
: It’s been a steady start for AUD/USD and NZD/USD and they open this morning at .9345 and .8385 respectively. Manufacturing PMI and HSBC Final Manufacturing PMI from China printed in line with market expectations overnight and so failed to cause any shockwaves. Narrow ranges will likely continue in both currency pairs with it being a public holiday in the U.S. today but also ahead of the RBA monetary policy announcement on Tuesday. The high value of the Aussie dollar is likely to be a topic for discussion at the central bank although it’s widely expected that the RBA will leave interest rates unchanged again. Despite this the language in the statement will likely cause some reaction in the market.
We expect a range today in the GBP/AUD rate of 1.7755 to 1.7880
We expect a range today in the GBP/NZD rate of 1.9800 to 1.9910
⇒ view full report
Whilst numbers out of Europe outperformed on Friday they were not enough to stop the Greenback’s gains as the US posted their own impressive numbers with geopolitical events also further weighing on broader risk sentiment. In European trade the Euro found momentum underpinned by inflation on forecast. Following the strong release expectations surrounding further accommodative measures have been wound back in the lead up to this week’s European Central Bank meeting. The combination of the crisis in the Ukraine and positive US results later on saw the US fight back and open half a cent stronger against the Euro. US Consumer sentiment and the Chicago PMI numbers lead the way surpassing expectations. The robust releases are a good sign for the US economy and are pointing to the time frame to an interest rate increase being closer than previously anticipated. The coming week should begin slowly with Labour Day in the US however a heavy economic docket should bring volatility back into a recently quiet market.
Learn more about
⇒ view full report Charts : USD/EUR EUR/USD USD/JPY

$100K money transfer via OzForex and a Bank

Recently, a friend was preparing to transfer $200K overseas. I suggested he split the money transfer into two, to try OzForex. ⇒ read article

What Emerging Currency jitters mean for the AUD ?

The possibility of a Global Emerging Currency (GEC) and the Australian economy being affected. ⇒ read article

Top Five Tips for Buying Property Overseas

Once you have agreed to the terms of an overseas property purchase, you will then need to make arrangements to pay for it.⇒ read article

High or Low AUD, who Benefits?

How does the gyrations of the Aussie Dollar affect Shoppers, Travellers, Importers, Exporters, Money Transfers, Tourism ? ⇒ read article

Get the best foreign currency exchange rate

There are lots of ways; most importantly you need some information. When you use our Best Exchange Rate calculator you can see who is offering ⇒ read article

Get a Multi-Vendor Quote

If you are sending a larger amount, ask for a Multi-Vendor Quote and see what special rates and deals are on offer from our vendors Get a Quote

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

Top Five Tips for Buying Property Overseas from the UK

Whatever your motivation for buying overseas property, the following top five tips can help assure that you have a more positive experience in doing so. ⇒ read article

BestExchangeRates in the Money

“A check with the foreign-exchange comparison website shows a big variation in the exchange rates available when sending money and buying cash.” ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook