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

Compare rates for: Currency Exchange or Foreign Transfers
Loading USD/GBP Chart

United States dollar - market update

Chief among FX themes in 2017 was the dramatic weakness of the US dollar. Unfortunately for those holding US currency, 2018 has started in much the same way that 2017 ended.

In 2017, the US Dollar Index (DXY) recorded its worst annual performance since 2003, with a decline of nearly 10%. In the first seven weeks of 2018, the index managed to give up a further 4%. A DXY price of 88.62 on February 15th (the time of this report) took the dollar’s value back to 2014 levels. Of special note in early 2018 is USD/JPY, which fell nearly 6% by mid-February.

Importantly, the dollar’s trajectory has recently decoupled from that of US interest rates. Despite US yields climbing steadily in 2018, the dollar has sunk. Explanations for this came in February from Crédit Agricole, whose analyst said that dollar traders “remained uninspired by US economic prospects” and likely held the belief that higher interest rates would bring forward the end of the US’ current expansionary cycle; and from Standard Chartered, whose analyst said that traders were choosing to focus on the US’ ever-widening twin deficits, which were now “pretty nasty.”

“It’s easy to see the weak-dollar story persisting,” said ING in February. The bank has forecast a 15% rise in EUR/USD in 2018, to 1.3.

Entering the new year, analysts had been bearish the dollar. In December, a Societe Generale analyst said that the currency “looked expensive” given the more balanced outlook for global growth, and TD Securities said that the macro landscape favoured a “steady depreciation of the dollar in 2018.”

British pound sterling - market update

Like most currencies, the British pound was strong against the US dollar in early 2018. GBP/USD climbed in late January to a 19-month high of 1.434; then, in line with the broader market for dollar pairs, GBP/USD fell slightly to 1.4 by mid-February.

Against the euro, the pound is little changed since the summer of last year. A GBP/EUR rate of 1.129 in mid-February was more or less identical to that in mid-September, five months earlier.

Brexit continues to be a key driver of GBP rates. Sterling was supported in January after news broke that the Netherlands and Spain had agreed to seek a Brexit deal that would keep Britain as close to the EU as possible – indicative of a softer Brexit. It was then hit in the second week of February when the EU’s chief Brexit negotiator warned that a transitional deal between the EU and the UK was “not a given,” as some investors had come to believe.

2018 Forecasts: At the turn of the year, the majority of banks were forecasting year-end rates for GBP/USD between 1.30 and 1.35. Far more optimistic was ING, which believed sterling would rally to buy 1.5 US dollars by year-end. ING cited the return of broad US dollar weakness, a “positive re-appraisal of the UK economic outlook” and a likely “hawkish re-pricing of Bank of England policy expectations” as reasons for bullishness.

For GBP/EUR, Danske Bank predicted 1.16 for year-end, while UBS went with a much lower rate of 1.05.

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