United Kingdom - Pound Sterling - Currency Guide

This is a currency guide to the United Kingdom, the Pound Sterling currency plus sending (GBP) transfers and travel tips for the United Kingdom.

 
 
CountryUnited Kingdom
FlagUnited Kingdom
Country CodeGB
Domestic Currency Pound Sterling
Currency Symbol£
Currency CodeGBP
Exchange RateUSD/GBP = 0.7715
Telephone Prefix+44

Quick Conversions from US Dollar to Pound Sterling

USD

GBP

U$ 1
£ 0.7715
U$ 5
£ 3.8575
U$ 10
£ 7.7150
U$ 20
£ 15.43
U$ 50
£ 38.58
U$ 100
£ 77.15
U$ 250
£ 192.88
U$ 500
£ 385.75
U$ 1,000
£ 771.50
U$ 2,000
£ 1,543
U$ 5,000
£ 3,858
U$ 10,000
£ 7,715
U$ 50,000
£ 38,575
U$ 100,000
£ 77,150
More amounts

USD

GBP

U$ 1.2961
£ 1
U$ 6.4805
£ 5
U$ 12.96
£ 10
U$ 25.92
£ 20
U$ 64.81
£ 50
U$ 129.61
£ 100
U$ 324.03
£ 250
U$ 648.05
£ 500
U$ 1,296
£ 1,000
U$ 2,592
£ 2,000
U$ 6,481
£ 5,000
U$ 12,961
£ 10,000
U$ 64,805
£ 50,000
U$ 129,610
£ 100,000
More amounts

To calculate specific USD/GBP amounts use our Convert USD to GBP quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to GBP Rate Guide.

United Kingdom Currency Info

The British pound (ISO: GBP) is one base unit of sterling – that being the name of Britain's currency – and is subdivided into 100 pence.

Contributing to around 13% of all foreign exchange deals, the pound, or sterling, is the world’s fourth most traded currency.

Reputedly, sterling is 1200 years old. It is said that Anglo-Saxon traders used silver pennies in the eighth century called ‘sterlings’, 240 of which would equal one pound in weight.

Due to its membership of the European Union, Britain could have adopted the euro as its currency upon its introduction in 1999, however the British government opted against this because it wanted to retain monetary policy independence and because it perceived euro adoption as offering only small economic benefits.

In recent years, the most significant event to affect sterling’s valuation was the UK’s vote to leave the European Union on June 24th 2016 – a day on which the exchange rate for GBP/USD fell by as much as 11%.

In the past two decades, the pound’s highest valuation against the dollar occurred in November 2007 when GBP/USD reached 2.1161. Its lowest value came in October 2016, three-and-a-half months after the historic ‘Brexit’ vote, when GBP/USD reached 1.1905.


Frequently Asked Questions


What currency should I use in the United Kingdom?

The domestic currency in the United Kingdom is the Pound Sterling.

What is the Pound Sterling currency code and symbol?

The three letter currency code for the Pound Sterling is GBP — symbol is £.

How much is U$100 US Dollars in Pounds Sterling?

U$ 100 converts to £ 77.15

Which countries use the Pound Sterling?

It is the domestic currency in United Kingdom, Guernsey, Isle of Man, Jersey and South Georgia and South Sandwich Islands.

Is the Pound Sterling a closed currency?

No, the Pound Sterling is freely available and convertible. See guide: What is a closed currency?


Pound Sterling (GBP) in the markets

With the Bank of England holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For more details read the full article Pound Sterling Forecasts.

The interactive chart below shows the USD to GBP exchange rate and trend for the previous 3 months:

ALERT: 1-DAY ▼ 0.6% 🔔 |
USD/GBP at 0.7716 was trading 0.5% above the 90-day average 0.7679 with a range 0.7493 to 0.7823. ALERT: USD/GBP is DOWN 0.6% for 1-DAY.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

Travel, Currency and Money saving tips for the United Kingdom

England is still one of the most popular tourist destinations in the world. Be sure to get out of London as England's smaller cities and beautiful country villages are fascinating and boast a robust culture. England is not known as a budget location and if you don't keep an eye on your budget it can be expensive.

ATMs are everywhere and all major credit cards are accepted  though you could purchase a Prepaid Travel Card if you prefer not to carry your credit card with you all the time while travelling.

In the United Kingdom, the National Rail service is known to always expensive, no matter how long your trip is. Depending how worried you are about your budget, by booking your ticket with the National Rail over a week in advance and during off peak hours, you can secure you tickets for for up to 50% less.

For more travel tips and ideas on ways to save money when traveling in the United Kingdom read our UK Travel guide.

Is the Euro accepted in the UK?

The United Kingdom does not currently use the euro as its currency and it is extremely unlikely to replace the pound in the near future. You may find some shops that will accept the Euro but watch out for the EUR/GBP exchange rates they offer.

 

Travel money for the United Kingdom

Save money and time by Ordering your Pounds Sterling online from Travelex, you get better rates and can pick up the GBP cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Pounds Sterling otherwise you may get much worst exchange rates.

 
Travel Money Providers Amount GBP(£)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
702.40 £
Best Overall
0.70240^8.96%
U.S. Bank Foreign Currency
U.S. Bank logo
681.30 £
£21 less
0.6813011.69%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
674.48 £
£28 less
0.6813U$1012.57%
Wells Fargo Bank logo
667.67 £
£35 less
0.6813U$2013.46%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7024 (8.96% from mid-rate)
To Amount (GBP)702.40 £
Total Cost:8.96%
Time:
Rate Fetched: Sat Feb 22 2020 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.6813 (11.69% from mid-rate)
To Amount (GBP)681.30 £
Total Cost:11.69%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.6751 (12.5% from mid-rate)
To Amount (GBP)674.48 £
Total Cost:12.57%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.6813 (11.69% from mid-rate)
To Amount (GBP)667.67 £
Total Cost:13.46%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates

the United Kingdom Trip Checklist    

 
  1. Compare GBP travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in the United Kingdom
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to the United Kingdom

When searching around for information on how to get a good exchange rate when sending money to the United Kingdom you need to start with finding out the latest Pound Sterling foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to the United Kingdom

When sending money to the United Kingdom it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Pound Sterling amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted GBP amount will be transfered to the recipient account you specify in the United Kingdom.

Use our Send to Pounds Sterling calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Pounds Sterling deposited into the recipient bank account and less margins and fees kept by the banks!

  

USD to GBP International Money Transfers

  

Foreign Transfer Providers Receive GBP(£)Exchange RateFee USDTotal CostDeal Links
XE logo
7,619 £
Best Overall
0.761901.24%
OFX logo
7,653 £
£34 more
0.76530^0.8%
TransferWise logo
7,667.69 £
£49 more
0.7707U$510.61%
Wells Fargo Bank logo
7,396.66 £
£222 less
0.741184.13%
HSBC logo
7,390.9 £
£228 less
0.7402U$154.2%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7,346 £
£273 less
0.7389154.78%
Bank of America International Money Transfers
Bank of America logo
7,298.28 £
£321 less
0.7372U$1005.4%
U.S. Bank International Money Transfers
U.S. Bank logo
7,298.28 £
£321 less
0.7372U$1005.4%
 
XE logo
XE: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.7619 (1.24% from mid-rate)
To Amount (GBP)7,619 £
Total Cost:1.24%
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.7653 (0.8% from mid-rate)
To Amount (GBP)7,653 £
Total Cost:0.8%
Difference:
£34 GBP more than using XE
Time:
Rate Fetched: 18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:0.7707 (0.1% from mid-rate)
To Amount (GBP)7,667.69 £
Total Cost:0.61%
Difference:
£49 GBP more than using XE
Time:18:04 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.7410 (3.95% from mid-rate)
To Amount (GBP)7,396.66 £
Total Cost:4.13%
Difference:
£222 GBP less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.7402 (4.06% from mid-rate)
To Amount (GBP)7,390.9 £
Total Cost:4.2%
Difference:
£228 GBP less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.7357 (4.64% from mid-rate)
To Amount (GBP)7,346 £
Total Cost:4.78%
Difference:
£273 GBP less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7372 (4.45% from mid-rate)
To Amount (GBP)7,298.28 £
Total Cost:5.4%
Difference:
£321 GBP less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7372 (4.45% from mid-rate)
To Amount (GBP)7,298.28 £
Total Cost:5.4%
Difference:
£321 GBP less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates

Pound Sterling to US Dollar - Historical Rates

PeriodChange*GBP/USDDate
1 Day+0.6%1.288120 Feb 2020
7 Day-0.7%1.304714 Feb 2020
30 Day-1.4%1.314422 Jan 2020
3 Month+1%1.283523 Nov 2019
1 Year-0.6%1.304021 Feb 2019
5 Year-15.8%1.539022 Feb 2015
10 Year-16%1.543123 Feb 2010

*For period to 21-Feb 21UTC when GBP/USD was 1.2961

Pound Sterling to Euro - Historical Rates

PeriodChange*GBP/EURDate
1 Day+0.1%1.194020 Feb 2020
7 Day-0.8%1.204714 Feb 2020
30 Day+0.9%1.184622 Jan 2020
3 Month+2.6%1.164623 Nov 2019
1 Year+3.9%1.149921 Feb 2019
5 Year-11.6%1.351822 Feb 2015
10 Year+4.7%1.140823 Feb 2010

*For period to 21-Feb 21UTC when GBP/EUR was 1.1949

Pound Sterling to Australian Dollar - Historical Rates

PeriodChange*GBP/AUDDate
1 Day+0.4%1.948220 Feb 2020
7 Day+0.6%1.943614 Feb 2020
30 Day+1.8%1.921222 Jan 2020
3 Month+3.4%1.892123 Nov 2019
1 Year+6.6%1.834521 Feb 2019
5 Year-0.4%1.962622 Feb 2015
10 Year+13.3%1.725623 Feb 2010

*For period to 21-Feb 21UTC when GBP/AUD was 1.9556


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