1 Oct 2020 at 4 PM
Foreign exchange through a currency exchange broker can you save you money. Secure excellent exchange rates, no fee money transfer.
Currency exchange rates are interbank as of 1st Oct 2020 16:11 - 1 British Pound = 1.79 Australian Dollar - 1 GBP = 1.79 AUD
Making a Australian Dollar to British Pound money transfer? Sending money from UK to Australia? Save money with leading currency Exchange broker TorFX, click here for a FREE no-obligation quote
When you’re making an international currency transfer the exchange rate you secure can make a big difference to how much you receive.
If you want to make your money go further, a leading currency transfer provider could help you achieve a better rate than a bank and help you avoid transfer fees.
A currency provider can also help you stay on top of the latest exchange rate movements and time your transfer effectively.
If you’re wondering what difference this could make, check out the example below…
In October 2018 the GBP/AUD exchange rate was trading in the region of AU$1.86.
By December 2018 the rate had fallen to AU$1.72.
If you needed to move £200,000 to Australia, the difference in the exchange rate would have left you AU$28,000 worse off.
However, currency transfer providers offer services which can help you protect your transfers from exchange rate volatility, including forward contracts – which allow you to fix a rate for up to two-years in advance.
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