1. Exchange Rates
  2. United States dollar (USD)
  3. British pound sterling (GBP)

Convert USD to GBP at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible USD to GBP rate, these are :

  1. The USD/GBP foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 United States dollar equals
British pound sterling 1=


Right now the USD/GBP market rate is and represents how many British pound sterling you can get for one United States dollar. You can calculate with the current mid-rate using our USD to GBP calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same USD/GBP market rate I see on Google or in the Media?

When you look up the current United States dollar to British pound sterling exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

USD to GBP mid-rate on google

USD to GBP mid-rate on google search

Getting a great USD to GBP mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below USD to GBP calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific United States dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

USD to GBP mid-rate calculator

$
£
1 USD equals
GBP 1USD=GBP

Loading USD/GBP Chart

United States dollar - Recent Performance

The US dollar has stabilized since September having tumbled in the first eight months of the year. Within the September-December period, EUR/USD, for example, pulled back from levels above 1.20 to the mid-1.17s and USD/CAD climbed into the mid-1.28s, from the mid-1.20s. Against the Japanese yen, the dollar traded in the first week of December above 113, having been below 108 in September.

A better-than-expected US payrolls number in December affirmed investor expectations for future US interest rate hikes in December 2017 and March of 2018.

Interest rates are the principal driver of foreign exchange rates but the dollar has also been supported in recent months by Donald Trump’s planned tax cuts, which are expected to boost the US economy.

In a note to clients in December, Dutch bank ING predicted that the dollar would weaken throughout 2018. The bank forecast EUR/USD at 1.30 before 2018 was done, representing a 9.5% depreciation in the dollar's value from December 2017 rates.

British pound sterling - Recent Performance

Between mid-September and mid-October, sterling fell 3.5% against the dollar to $1.319, taking “cable” back to levels experienced in the three-month period following 2016’s EU referendum.

Against the euro, within the same period, sterling fell by 1.3% to €1.121 but it remains within the middle third of its 2017 range.

In mid-October, opinions on the British currency were mixed. Although Bank of England hawkishness meant that 75% of economists were predicting a November interest rate hike, which would normally be sterling-supportive, a “no deal” Brexit was looking increasingly possible and that prompted some pretty gloomy predictions.

In a “no deal” scenario, both ING and J.P. Morgan predicted that the pound would lose 13% of its value against the dollar by falling to $1.15.

Other negative news for the UK came in October with the ONS’ surprise downward revision to the UK’s wealth by some £490 billion! Ratings agencies had already been downbeat on the UK’s finances. In September, Moody’s downgraded the UK’s credit rating from Aa1 to Aa2 on the grounds that “fiscal pressures will be exacerbated by [the UK’s] departure from the EU.”

On a more positive note, in September, HSBC cancelled its forecast for the pound to fall to parity with the euro. HSBC’s revised year-end forecasts now place GBP/EUR at €1.12 and GBP/USD at $1.35.

Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers


  • Translate page:
Level 2, AMP Tower, 50 Bridge Street, Sydney, NSW 2000, Australia

Disclaimer | Copyright | Privacy Statement


DISCLAIMER

Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service



COPYRIGHT

This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.