AUD to GBP Exchange Rate Forecasts for 2022

This article looks at what the banks are predicting for the AUD to GBP exchange rate over the long term in 2022.

AUD to GBP: edging lower

Top banks in Australia and New Zealand have a more optimistic outlook for the Great British Pound Sterling (GBP) compared to the Aussie (AUD) - reflected in their AUD to GBP exchange rate forecasts in 2022. Generally, their outlook for the GBP is more positive compared to the AUD, which is why the AUDGBP edges slightly lower over time.

AUDGBP forecasts from bank majors 2022

AUDGBP Forecast Chart 2022

Source: Multinational bank aggregate data

AUD to GBP

Australian Dollars (AUD)
⇆
GBP

So is this a good rate?

0.5177
Low
0.5031		 Average
0.5128		 High
0.5225

Today's rate is higher than the average rate to buy GBP. This chart compares today's rate to the average rate from the past 90 days.

Track this Rate

AUD to GBP

⇆
Wholesale exchange rate updated

AUD to GBP Chart

AUD to GBP Predictions in 2022

In the short term

While the banks have predicted for the AUD to GBP to edge lower in the long term, there are plenty of influences on both the Australian dollar and the British Pound that can influence the AUDGBP cross rate in the short term. These include:

  • Central bank policies to raise interest rates encourages greater currency flows to the GBP compared to AUD
  • Economic growth in the UK rises faster and for longer than Australia from higher vaccination rates and opening up of their economy
  • China’s demand for Australian commodities disappoints, weighing on the Aussie
AUDGBP performance

What do bank analysts think about the AUD GBP in the long term?

The best time to exchange AUD to GBP

If you are travelling to England and need to buy British pounds, the best AUD to GBP exchange rate for you is when it is high. Alternatively, if you are selling Pounds currency either in cash or through a transfer, you want the rate to be as low as possible.

Whether you are buying or selling British Pounds, no one can tell you when this "right" time is, but you can track the rate for free.

You set the rate you would like and let us to the work. We will email you when the AUD gets within the range you would like to buy British Pounds.

Latest AUD GBP news

2024 AUD GBP Forecasts

The Australian dollar (AUD) has been on a wild ride against the British Pound (GBP) in 2023 but 2024 may spell a different story. The Australian dollar (AUD) weakened considerably against the British Pound (GBP) in 2023 but it could strengthen slightly in 2024. The AUD peaked at almost 58p in February 2023, before sinking to almost 50p in August as multiple economic factors weighed down sentiment. The relative weakness in the Australian dollar has made the cost of travel more expensive for many Australians, with the United Kingdom our fourth most popular international destination, according to ABS data.

UK Currency

2023 AUD GBP Forecasts

This article focuses on what banks predict for the AUD to GBP exchange rate over long term in 2023. The 2024 AUD GBP Forecasts are out now With most of 2023 out of the way, attention turns to 2024. Now that most economists have released their predictions for the AUD GBP exchange rate, head here to find out the most up to date forecasts:

Best Credit Cards for Travel for Australians in 2022

Best Travel Money Cards for the UK

Planning a trip to the UK from Australia? Whether you’re exploring the bustling streets of London, the historic sites of Edinburgh, or the charming countryside of Wales, having the right travel money card can make your journey smoother. In the UK, you are likely to pay for accommodation, food, transport, and entertainment, as well as withdraw cash from ATMs with your card. So which is the best option to take with you? In this guide, we’ll dive into the best travel money cards for Australians heading to the UK, ensuring you have a seamless and cost-effective experience.

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