AUD to GBP Forecast
This year the AUD GBP exchange rate is being heavily influenced by the looming exit of Britain from the Eurozone (or Brexit). So what are the major banks predicting for the rest of 2018 and 2019 amongst all the political uncertainty from Brexit? This article presents the different bank outlooks and is updated regularly.
How is the AUD to GBP Performing Today?
The Pound Sterling (GBP) has been on a roller coaster ride ever since "Brexit" was voted for and announced in June 2016. The GBP saw massive falls in 2016, only to gradually rise in 2017.
This year, the GBP continues to fall as the UK is heading into a period of uncertainty, while Brexit is finalised. The Aussie dollar is also falling this year, but not as drastically as the Pound.
With both the AUD and GBP dropping, the AUD to GBP exchange rate has wobbled anywhere between 0.5400 and 0.5800.
Currently, the AUD to GBP rate is around 0.5500, nearing 6-month lows.
AUD to GBP Bank Forecasts
ANZ made an adjustment higher to its AUD to GBP forecast recently. However, ANZ is the most pessimistic on the Aussie dollar, predicting the AUD to GBP exchange rate will end 2018 at 0.5380.
The Commonwealth Bank (CBA) sees the AUD to GBP exchange rate rising from current levels to 0.5714 by the end of 2018.
National Australia Bank raised its AUD to GBP exchange rate predictions by 10% for end of the year. They are now expecting the rate to rise to 0.5950.
Westpac predicts the AUD to GBP to rise up to 0.5750 from current levels by the end of the year.
Compare Australian Dollar to British Pound Exchange Rates
Compare exchange rates from Australian banks and foreign exchange leaders.
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Long term AUD to GBP Forecasts
Major banks have lowered predictions for the Australian Dollar and the British Pound Sterling this year. Even so, top banks are expecting the AUD to GBP to rise by the end of 2018 to 0.5700. In 2019, the average AUD to GBP exchange rate is predicted to fall 3.5% to 0.5500 by December.
Here are major bank forecasts for the AUD to GBP exchange rate:
- ANZ bank is the most pessimistic. They expect a further AUD to GBP exchange rate drop to 0.5000 at the end of 2019 from 0.5380 in December.
- CBA on the other hand, are looking for a gradual rise in the AUD to GBP rate to 0.5848 over the course of 2019, from 0.5714 at the end of 2018.
- Westpac, like CBA, forecasts the AUD to GBP exchange rate to gradually increase next year to 0.5814 in December. This is from 0.5750 at the end of this year.
- NAB predicts the AUD to GBP exchange rate to decline to 0.5360 by the end of 2019, from 0.5950 at the end of this year. This is a touch lower than ANZ.
- RBC (Royal Bank of Canada) expects the AUD to GBP to rise 6% to 0.5848 before year-end, before declining slightly to 0.5814 by the end of 2019.
GBP to AUD Forecasts
To convert from GBP to AUD all you need to do is divide 1 by the rate.
For example, if the AUD to GBP exchange rate is 0.5500, then 1 Australian dollar is worth £0.5500 Pounds. You divide 1 by 0.5500 to find the GBP AUD exchange rate of 1.8181. In this example, £1 Pound Sterling is equivalent to $1.8181 Australian dollars.
To save you some time, we have already calculated the "Big 4" bank December 2018 forecasts for you in the table below.
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AUD to GBP Exchange Rate Calculator
General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.