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Check out our Australian Dollar exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.

History of the Australian Dollar

The Australian dollar, known as AUD, was established in 1966 as a replacement for the Australian pound. It was originally set to be named the "Royal", which was a name that the Prime Minister of the time, Robert Menzies, though to be fitting. The name was not well accepted by the public and quickly was changed to the "dollar". The establishment of the AUD created a decimal system that had never been used in the country before. Each dollar is comprised of 100 cents, with coins representing fractions of this value. Until the early 90s, there were one and two cent coins, but they were discontinued and have not since been reinstated. The smallest value currently in circulation is the five cent coin, and all purchases made thus have to be rounded up or down to multiples of five to make change.

Historical British Pound Sterling to Australian Dollar Conversion Rates

For the most part, the Australian currency maintained a peg to the British pound to reflect its connection with the country. However, a mere five years after the establishment of the AUD, Australia decided to cut its ties with Britain and moved onto pegging the US. Too many fluctuations resulted from this option, so the AUD started to peg the trade weighted index and eventually stopped referencing foreign currency entirely. Until 1966, there was a steady conversion rate between the Australian dollar and the British of .4 GBP to AUD that reflected the pegging system. After that, the AUD did improve a little, reaching a peak of .68 GBP to AUD in 1976. Up until the last 10 years, that number has oscillated between .68 and .38, with the worst times for the AUD occurring from the late 80s to the present.

Convert GBP to AUD - Recent Currency Exchange Rates

Over the last ten years, the currency rates between the AUD and GBP have headed back towards historical levels. The AUD has gone back to levels that fluctuate around .4 GBP to AUD, which is likely a reflection of Australia's decision to no longer peg with foreign currency. The best time in recent years for the Australian dollar was in 2005 when the rate was .42 GBP to AUD. The worst rate in history for the AUD was in 2001 where the exchange was .36 GBP to AUD. Rates are expected to remain steady as they have been for over 20 years now, unless Australia begins to peg against other currency once again.

Today's Australian Dollar exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.