The value of the British Pound is driven by a few factors, including inflation, interest rates, and the economy. The UK economy is quite unstable at the moment and the demand for the British Pound seems to be going down. Now, you may be wondering what may be in store for the future of the British Pound. Be sure to regularly check the exchange rates as they are prone to changing quite often. How does the US Dollar compare to the Australian Dollar and British Pound Exchange rates?Īt the moment, AUD 1.48 is worth 1 USD, with 1 USD being worth 0.83 GBP. At the lower end, you could expect to pay the price of AUD 1,730 (currently GBP 965.55) for 7 days at a budget hotel room, and a comfortable hotel room for AUD 2,130 (currently GBP 1,188.79) for 7 days. If you were to stay at a luxury hotel for 7 days, this would instead be as high as AUD 5,000 (currently GBP 2,790.60). A typical fast-food meal at Burger King or McDonald’s would instead be AUD 10 (currently GBP 5.58), you could find a Cheeseburger for AUD 3 (currently GBP 1.67).Īs for accommodation, on the other hand, you could grab yourself a basic hotel room for AUD 1,300 (currently GBP 725.56) for 7 days. A French Restaurant, on the other hand, would be around AUD 48 (currently GBP 26.79) for two. If you’re going to an Asian Restaurant, expect to pay around AUD 35 (currently GBP 19.53) for a meal for two. If you want to eat out in England, you should expect to pay differently depending on the restaurant you’re going to. We’ve compiled some of the average costs for you. If you’re thinking of travelling to England, you can still make it work despite the Australian Dollar to British Pound exchange rates! All it takes is some budgeting and setting aside the time to sort out your currency now, ensuring you know what currencies you need to convert Australian Dollars to. Contrary to popular belief, the GBP is still stronger than the USD despite earlier events, as the exchange rate for AUD to USD is 1 AUD equals 0.67 USD. Australian Dollar to British Pound Sterling Exchange ratesĬurrently, the exchange rate for AUD to GBP is 1 AUD equals 0.56 Pounds. If you want the best chance at getting the best exchange rates out there, we recommend using a currency converter to find the actual value, along with putting on rate alerts to stay informed. This doesn’t mean avoiding it at all costs, though, as currency forecasts and predictions can be wrong, due to the unpredictable nature of currency exchange rates. The outlook of the US dollar is quite positive, however, this might not be the case for the British Pound. While the British Pound has remained strong over the years, it seems like it is now falling, due to higher interest rates and fear of a recession. The British Pound then took even more of a beating when many UK citizens voted to leave the European Union in 2016. Although, the GBP still remained quite strong. During the Great Financial Crisis of 2008 to 2009, many investors fled to the USD out of panic due to other currencies weakening to the USD. Today, the USD comprises more than 60% of foreign exchange holdings.ĭespite the redemption of the USD, the British Pound Sterling has stayed stronger than the USD. However, after World War II, the USD began to rise in international trade. To put it into perspective, one pound would be around 5 USD. It had a nominal premium over other major currencies, even the USD. But why is that the case? To understand the GBP exchange rate, we’ll first need to consider other factors, such as its past and the British economy.īefore World War II, and (arguably) World War I, British Pounds were popular among those exchanging currency. The UK Pound has remained quite a strong currency over the years and seems to be getting only stronger as inflation continues.
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