The Australian Dollar rates below were last updated 3 minutes ago
G'day! Popping off to Australia soon? Our free comparison service compares the best Australian Dollar exchange rates from the biggest currency suppliers in the UK so you can see at a glance who is offering the top deals. We are currently comparing 25 suppliers selling Aussie Dollars in the UK with exchange rates ranging from 1.5018 to 1.5830.
Wait, there's more! Many of the top suppliers listed above offer us exclusive exchange rates that are better than any other website which means if you order through us you could save even more money. We are so confident that you won't find better Australian Dollar exchange rates on any other UK website that we challenge you to let us know if you find a better deal!
The Australian Dollar is the official unit of currency in the Commonwealth of Australia, the Pacific Islands, and 7 other territories including Christmas Island, Norfolk Island and the Cocos Islands. It carries the International Standard Currency Code: AUD, and is represented by the dollar sign ($) or A$ to distinguish it from other dollar currencies. The Australian Dollar is currently now the 7th most-traded currency in the world (it was the fifth most traded last year); largely due to its exposure to the Asian commodities market, but it is not yet considered a reserve currency.
Monetary policy is set by the Reserve Bank of Australia who are responsible for regulating cash flow and managing interest rates in an effort to ensure the Australian Dollar maintains its value. Banknotes are printed by Note Printing Australia – a subsidiary of the Reserve Bank of Australia – and coins are struck by the Royal Australian Mint based in the suburb of Deakin, Canberra.
The Aussie Dollar is one of the most popular currencies that we compare, with the typical UK traveller taking approximately £1000 (A$1,583.00 (as of Saturday 22nd of October 2016) based upon data from 1st of July to 30th of September 2016, in cash with them when they go. This is significantly lower than it was three years ago when the typcial traveller took A$2024 per trip. You should try and budget about A$150 per day for your visit.
All British Citizens will need a visa for entry to Australia. There are two ways that you can apply for a visa:
For information on all visas for entering Australia you can speak to the Australian High Commission who are based in London. In some cases you may need to allow additional time for visa applications so that you can undergo a medical examination especially if you are 75 years or older.
If you are looking to work your way across Australia you should be aware that there is a common fraud using adverts claiming to help you extend a working holiday visa. These often end up with you having your visa withdrawn or invalidated. You must also ensure that you have a valid passport for the entirety of your working visa in Australia.
As a part of the entry requirements for Australia you must make sure that you have enough money for the whole of your stay in Australia and have access to emergency funds in case you run out of money. For more information on Entry requirements you can visit the UK Foreign and Commonwealth Office travel information page.
Over the past week the Australian Dollar has increased by 0.44% from last Sunday's rate of 1.576 to today's rate of 1.5830 which means £750 will buy you $5.25 more now than it would have a week ago. During this period the best rate we recorded was 1.588 on Friday and the worst rate was 1.5732 on Wednesday.
The 90 day outlook has seen the Australian Dollar rate drop by 8.87% from 1.737 on 25th July 2016 to 1.5830 today. Based on these figures, £750 would have bought you $115.50 more three months ago that it would have today. We recorded a high rate of 1.75 on 14th September 2016 and a low rate of 1.5732 on 19th October 2016.
Compare Holiday Money are partners of the Foreign & Commonwealth Office Know Before You Go campaign which provides official government advice for British travellers heading abroad.
The FCO release travel alerts containing important information for travellers to any countries where the safety or security of British citizens is at risk.
Posted by Matthew Weston on 21st October 2016
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