AUD to GBP Exchange Rate Forecasts for 2022

This article looks at what the banks are predicting for the AUD to GBP exchange rate over the long term in 2022.

AUD to GBP: edging lower

Top banks in Australia and New Zealand have a more optimistic outlook for the Great British Pound Sterling (GBP) compared to the Aussie (AUD) - reflected in their AUD to GBP exchange rate forecasts in 2022. Generally, their outlook for the GBP is more positive compared to the AUD, which is why the AUDGBP edges slightly lower over time.

AUDGBP forecasts from bank majors 2022

AUDGBP Forecast Chart 2022

Source: Multinational bank aggregate data

AUD to GBP

AUD
*Wholesale exchange rate updated

AUD to GBP

Wholesale exchange rate updated

AUD to GBP Predictions in 2022

In the short term

While the banks have predicted for the AUD to GBP to edge lower in the long term, there are plenty of influences on both the Australian dollar and the British Pound that can influence the AUDGBP cross rate in the short term. These include:

  • Central bank policies to raise interest rates encourages greater currency flows to the GBP compared to AUD
  • Economic growth in the UK rises faster and for longer than Australia from higher vaccination rates and opening up of their economy
  • China’s demand for Australian commodities disappoints, weighing on the Aussie
AUDGBP performance

What do bank analysts think about the AUD GBP in the long term?

The best time to exchange AUD to GBP

If you are travelling to England and need to buy British pounds, the best AUD to GBP exchange rate for you is when it is high. Alternatively, if you are selling Pounds currency either in cash or through a transfer, you want the rate to be as low as possible.

Whether you are buying or selling British Pounds, no one can tell you when this "right" time is, but you can track the rate for free.

You set the rate you would like and let us to the work. We will email you when the AUD gets within the range you would like to buy British Pounds.

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