Convert 1 British Pound Sterling (GBP) to Australian Dollar (AUD)
Exchange rates used for currency conversion updated on 17th May 2012 ( 17/05/2012 )
Below you will find the latest exchange rate for exchanging British Pound Sterling (GBP) to Australian Dollar (AUD) , a table containing most common British Pound Sterling / Australian Dollar conversions and a GBP/AUD chart with the pair's evolution.
The British Pound Sterling (GBP) to Australian Dollar (AUD) rates are updated every minute using our advanced technology for live forex currency conversion.
*Disclaimer: AVERAGE intraday quotes were used for this conversion. The exchange rate the system calculated between British Pound Sterling and Australian Dollar on 17/05/2012 is 1 GBP = 1.6011 AUD
Monetary policies affecting the pound sterling (GBP) are dispersed amongst 8 separate central banks throughout the territories, dependencies, and countries of the United Kingdom. The Bank of England is the primary central bank and is responsible for monetary policy and currency issuance in England, Wales, Scotland, and Northern Ireland. This floating currency is the third most widely held reserve currency in the world. The future of the GBP is dependent upon the political decision of whether or not to allow the GBP to be absorbed by the euro, effectively placing all of the United Kingdom into the eurozone.
About Australian Dollar (AUD)
The Australian dollar (AUD) is the official currency of the Commonwealth of Australia as well as 7 territories and 3 surrounding countries. The AUD is symbolized with the "$" symbol and each dollar is subdivided into 100 cents. The coins are issued in 5¢, 10¢, 20¢, 50¢ , $1, $2 increments and the banknotes are printed in $5, $10, $20, $50, $100 denominations. The AUD is the fifth most traded currency in worldwide currency markets.
Unique attributes of the AUD are that the banknotes are printed on polymer as opposed to paper which is the traditional stock for currency banknotes. This polymer is more durable and allows for more advance security features than does its paper counterpart. The AUD banknotes are also printed in different lengths in order to make denomination differentiation easier.