Economic, trading and political relations It has a particularly strong presence in the Asia-Pacific market. Since then, the AUD has grown to be one of the most popular currencies traded on the live markets. Introduced in 1966, it was made to replace the Australian pound, which was the currency it inherited as a former British colony.įor many years, the AUD was pegged to the USD, although this was dropped in 1983 when it floated freely for the first time. The AUD, also known as the ‘Aussie dollar’, is the official currency circulated in Australia and its external territories. If you’re planning on money transfers from UK to Australia, be sure to check out the top money transfer providers to find the best service for you and save money in the process. Due to this, there are significant overseas money transfer flows from the UK to Australia. Similarly, the UK has been a very popular destination for Australians looking to work abroad. Australia is one of the most popular expatriate destinations for British citizens looking to work abroad, with the hot climate and English being the predominant language used making it an attractive option. Thanks to the historic, cultural and political ties between Australia and the UK, there are very few barriers against UK to Australia money transfers. Summary written by Daniel Webber UK to Australia Guide Summary The information presented in the review is accurate as of the date of the review.Ĭheck with the providers directly for the most current information.įXcompared does the research to help you compare international money transfer providers from around the globe. Opinions expressed therein are solely those of the reviewer. FXcompared is not an FX trading platform and should not be used to inform anyĪll reviews are prepared by FXcompared. Reflect any special rates individual customers may be offered by a provider, either on sign up or ratesįor any repeat transfers.
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