GBP-AUD FX rate for UK Pension to Australia

How Much is a UK Pension worth in Australia?

Most UK Aged pension recipients in Australia will get their UK pension paid direct into their Australian bank account, in Australian dollars.

This page shows the GBP-AUD Exchange Rates History since 2017.  Rising from 1.64 Australian Dollars per British Pound, in August 2017 up to 1.97 in March 2020.

The conversion is done before it reaches the Australian bank, and this seems to avoid any bank charges from the bank receiving a foreign currency. (The GBP being the foreign currency).

  • A normal bank transfer from the UK, of £600 on 12 Aug 2019 would have received $1,006.12 into the Australian bank account, after fees.
  • A UK Government Pension payment, of £600 on that same day would have received $1,066.47 into the Australian bank account.
  • This meant about an extra $50 for the recipient.

The following information shows actual rates for specific dates and is given for indicative information only.

The actual GBP-AUD Exchange Rates used for receipt of the UK pension into Australia in 2017-19, with no other fees being charged as it arrives as local currency in Australian Dollars, have been:

GBP AUD Exchange Rates History

  • 1.813842069 – 7 September 2020
  • 1.817738398 – 10th August 2020
  • 1.803740476 – 13 July 2020
  • 1.824318864 – 15 June 2020
  • 1.889863773 – 18 May 2020
  • 1.969579774 – 21 April 2020 (2nd highest rate in this period)
  • 1.972379358 – 23 March 2020 (highest rate in this period)
  • 1.936619718 – 24 February 2020 (3rd highest rate in this period)
  • 1.907440545 – 27 January 2020
  • 1.886862157 – 23 December 2019
  • 1.903342184 – 2 December 2019
  • 1.864869545 – 4 November 2019
  • 1.825906257 – 8 October 2019
  • 1.790348649 – 9 September 2019
  • 1.777447472 – 12 August 2019
  • 1.793148234 – 15 July 2019
  • 1.830812745 – 17 June 2019
  • 1.848187486 – 20 May 2019
  • 1.816035558 – 17 April 2019
  • 1.831822905 – 25 March 2019
  • 1.825531055 – 25 February 2019
  • 1.829427384 – 29 January 2019
  • 1.776350727 – 27 December 2018
  • 1.736983376 – 4 December 2018
  • 1.792657585 – 6 November 2018
  • 1.823222120 – 9 October 2018
  • 1.793234819 – 10 September 2018
  • 1.728296006 – 13 August 2018
  • 1.782555992 – 16 July 2018
  • 1.760563380 – 18 June 2018
  • 1.789338490 – 21 May 2018
  • 1.815314015 – 23 April 2018
  • 1.816439621 – 23 March 2018
  • 1.770462942 – 26 February 2018
  • 1.759466636 – 30 January 2018
  • 1.732105749 – 27 December 2017
  • 1.771271069 – 4 December 2017
  • 1.689332718 – 6 November 2017
  • 1.679548603 – 9 October 2017
  • 1.626298776 – 11 September 2017 (Lowest rate in this period)
  • 1.641700000 – 14 August 2017

GBP-AUD Exchange Rate Chart 2017-2020

FX-Rate GBP-AUD

The current full new State Pension is £175.50 for 2020/21. It was £168.60 for 2019/20. In 2018/19 it was £164.35 per week.

The full pension is payable if you have the full 35 qualifying years. You’ll get a proportion of the new State Pension if you have between 10 and 35 qualifying years.

GBP-AUD Exchange Rates History in Australian Dollar terms:

If we assume that you get £150 per week, (32 eligible years), then the actual amount in Australian dollars, based on 4 weeks at £150 per week = £600.00,  appearing as a credit in your bank, would have been:

  • £1,088.31 on 7 Sep 2020 ( 1.31% More from 9 Sep 2019 )
  • £1,090.64 on 10 Aug 2020 ( 2.27% More than 12 Aug 2019)
  • $1,082.24 13 Jul 2020 (0.59% More than Jul 2019)
  • $1,094.59 on 15 Jun 2020 (0.16% LESS than Jun 2019)
  • $1,133.92 on 18 May 2020 (2.25% More than May 2019)
  • $1,181.75 on 21 Apr 2020 (8.45% MORE than Apr 2019)
  • $1,183.43 on 23 March 2020 (7.67% MORE than Mar 2019)
  • $1,161.97 on 24 February 2020 (6.09% MORE than Feb 2019)
  • $1,144.46 on 27 January 2020 (4.26% MORE than Jan 2019)
  • $1,132.12 on 23 December 2019 (6.22% MORE than Dec 2018)
  • $1,142.01 on 2 December 2019 (9.58% MORE than Dec 2018)
  • $1,118.92 on 4 November 2019  (4.03% MORE than Nov 2018)
  • $1,095.54 on 7 October 2019 (0.15% MORE than Oct 2018)
  • $1,074.21 on 9 September 2019 (0.16% LESS than Sep 2018)
  • $1,066.47 on 12 August 2019 (2.84% MORE than Aug 2018)
  • $1,075.89 on 15 July 2019
  • $1,098.49 on 17 June 2019
  • $1,108.91 on 20 May 2019
  • $1,089.62 on 17 April 2019
  • $1,099.09 on 25 March 2019
  • $1,095.32 on 25 February 2019
  • $1,097.66 on 28 January 2019
  • $1,065.81 on 27 December 2018
  • $1,042.19 on 4 December 2018
  • $1,075.59 on 6 November 2018
  • $1,093.93 on 9 October 2018
  • $1,075.94 on 10 Sept 2018 (10.26% MORE than Sep 2017)
  • $1,036.98 on 13 August 2018 (5.27% MORE than Aug 2017)
  • $1,069.53 on 16 July 2018
  • $1,056.34 on 18 June 2018
  • $1,073.60 on 21 May 2018
  • $1,089.19 on 23 April 2018
  • $1,089.86 on 23 March 2018
  • $1,062.28 on 26 February 2018
  • $1,055.68 on 30 January 2018
  • $1,039.26 on 27 December 2017
  • $1,062.76 on 4 December 2017
  • $1,013.60 on 6 November 2017
  • $1,007.73 on 9 October 2017
  • $ 975.78 on 11 September 2017
  • $ 985.02 on 14 August 2017

Australian Bank Charges for Receipt of UK Pension

As most UK Aged pension recipients in Australia get their UK pension paid direct into their Australian bank account, in Australian dollars, and the conversion is done before it reaches the Australian bank, this seems to avoid any bank charges for the bank receiving a foreign currency (The GBP being the foreign currency).



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