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Best Exchange Rates

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GBP to USD - Compare Exchange Rates

British Pound Sterling to United States Dollar - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

Compare GBP/USD Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from GBP to USD. The total costs are calculated against the latest mid-market rate.

Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
6,457.5 USD
Best Overall
1.2915£0^0.72%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
6,454 USD
3.5 USD less
1.290800.78%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
6,478.5 USD
21 USD more
1.295700.4%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
6,470.68 USD
13 USD more
1.3009£260.52%Bank Transfers - Online1-2 days
 
Currencies Direct logo
6,451 USD
6.5 USD less
1.290200.82%Bank Transfers - Online & Phone1-2 days
HSBC logo
6,321.5 USD
136 USD less
1.2662£7.52.81%Online, Branch, Bank Transfers2-3 days
 
Natwest Bank logo
6,286.58 USD
171 USD less
1.2611153.35%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
6,257.94 USD
200 USD less
1.2546123.79%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
6,258 USD
199 USD less
1.2554153.79%Online, Branch, Bank Transfers2-3 days
 
Santander logo
6,222.01 USD
235 USD less
1.2494204.34%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
6,202.59 USD
255 USD less
1.2455204.64%Online, Branch, Bank Transfers2-3 days
 
CurrencyFair logo
Your amount above the CurrencyFair GBP3000 maximum
NaN USD less
 
OFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2915 (0.72% from mid-rate)
USD amount:6,457.5 USD
Total Cost:0.72%
Time:
Rate Fetched: Fri Feb 22 2019 10:10:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2908 (0.78% from mid-rate)
USD amount:6,454 USD
Total Cost:0.78%
Difference:
3.5 USD less than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
WorldFirst: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2957 (0.4% from mid-rate)
USD amount:6,478.5 USD
Total Cost:0.4%
Difference:
21 USD more than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
TransferWise: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£26 GBP (0.5% + £1)
Exchange Rate:1.3009 undefined
USD amount:6,470.68 USD
Total Cost:0.52%
Difference:
13 USD more than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Currencies Direct: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2902 (0.82% from mid-rate)
USD amount:6,451 USD
Total Cost:0.82%
Difference:
6.5 USD less than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.3/5.0
Reviews:
HSBC: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.2662 (2.67% from mid-rate)
USD amount:6,321.5 USD
Total Cost:2.81%
Difference:
136 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Natwest Bank: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.2611 (3.06% from mid-rate)
USD amount:6,286.58 USD
Total Cost:3.35%
Difference:
171 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Citibank: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.2546 (3.56% from mid-rate)
USD amount:6,257.94 USD
Total Cost:3.79%
Difference:
200 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo

Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.2455 (4.26% from mid-rate)
USD amount:6,258 USD
Total Cost:3.79%
Difference:
199 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Santander: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.2494 (3.96% from mid-rate)
USD amount:6,222.01 USD
Total Cost:4.34%
Difference:
235 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
Lloyds TSB: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.2455 (4.26% from mid-rate)
USD amount:6,202.59 USD
Total Cost:4.64%
Difference:
255 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
CurrencyFair: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:GBP 7.5 (0.15%)
Transfer Speed:1 day
Services:Bank Transfers - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the UK by the FCA for the provision of payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

The below table shows a snapshot of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Providers
Ratings & Reviews
Amount USD($)Exchange RateFee GBPTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Travelex Online UK logo
1,271.6 USD
Best Overall
1.2716£0^2.25%Online order, Branch pickup, Home delivery2-3 days
Post Office Foreign Currency
Post Office logo
1,246.6 USD
25 USD less
1.246604.17%Online order, Branch pickup, Home delivery2-3 days
Citibank Foreign Currency
Citibank logo
1,224.14 USD
47 USD less
1.2365£105.9%Branch-
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,213 USD
59 USD less
1.2271£106.73%Branch-
 
Lloyds TSB logo
1,211.76 USD
60 USD less
1.224£106.85%Branch-
 
Santander logo
1,211.76 USD
60 USD less
1.224£106.85%Branch-
 
Natwest Bank logo
1,205.64 USD
66 USD less
1.224£157.32%Branch-
Travelex Online UK: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.2716 (2.25% from mid-rate)
USD amount:1,271.6 USD
Total Cost:2.25%
Time:
Rate Fetched: Fri Feb 22 2019 10:30:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Post Office: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:1.2466 (4.17% from mid-rate)
USD amount:1,246.6 USD
Total Cost:4.17%
Time:12:11 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
Citibank: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.2365 (4.95% from mid-rate)
USD amount:1,224.14 USD
Total Cost:5.9%
Time:12:11 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo

Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.2240 (5.91% from mid-rate)
USD amount:1,213 USD
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
Lloyds TSB: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.2240 (5.91% from mid-rate)
USD amount:1,211.76 USD
Total Cost:6.85%
Time:12:11 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Santander: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.2240 (5.91% from mid-rate)
USD amount:1,211.76 USD
Total Cost:6.85%
Time:12:11 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
Natwest Bank: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.2240 (5.91% from mid-rate)
USD amount:1,205.64 USD
Total Cost:7.32%
Time:12:11 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the UK by the FCA for the provision of payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

GBP to USD mid-rate = 1.3057

Right now the GBP/USD market mid-rate is 1.3057 and represents ideally how many United States Dollar you can get for one British Pound Sterling.

This GBP/USD Converter calculates equivalent British Pound Sterling to United States Dollar amounts at the market mid-rate:

GBP / USD mid-rate converter


£GBP


$USD
1 British Pound Sterling equals
1.3057 United States Dollar

Compare how much you can save on
GBP/USD exchange rates for:

Foreign Transfers Travel Cash/Cards

 
 
1 Week GBP to USD Chart
Loading GBP/USD rates

British Pound Sterling

United States Dollar

1 GBP 1.3057 USD
5 GBP 6.5285 USD
10 GBP 13.06 USD
20 GBP 26.11 USD
50 GBP 65.29 USD
100 GBP 130.57 USD
250 GBP 326.43 USD
500 GBP 652.85 USD
1,000 GBP 1,305.70 USD
2,000 GBP 2,611.40 USD
5,000 GBP 6,528.50 USD
10,000 GBP 13,057.00 USD
50,000 GBP 65,285.00 USD
100,000 GBP 130,570.00 USD
See more

British Pound Sterling

United States Dollar

0.7659 GBP 1 USD
3.8295 GBP 5 USD
7.6590 GBP 10 USD
15.32 GBP 20 USD
38.30 GBP 50 USD
76.59 GBP 100 USD
191.48 GBP 250 USD
382.95 GBP 500 USD
765.90 GBP 1,000 USD
1,531.80 GBP 2,000 USD
3,829.50 GBP 5,000 USD
7,659.00 GBP 10,000 USD
38,295.00 GBP 50,000 USD
76,590.00 GBP 100,000 USD
See more

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British Pound Sterling to United States Dollar (GBP-USD) - 10 Year History

The below table shows the historic variation in the GBP/USD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of GBP versus other currencies : GBP historical charts.

DateExchange RatePeriodChange
22 Feb 20191.3057Latest
15 Feb 20191.28931 Week+1.27%
23 Jan 20191.30821 Month-0.19%
26 Aug 20181.28586 Months+1.55%
22 Feb 20181.39511 Year-6.41%
22 Feb 20171.24522 Years+4.86%
23 Feb 20141.66325 Years-21.49%
24 Feb 20091.447610 Years-9.8%

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

The GBP/USD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the GBP / USD was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market GBP/USD midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good GBP to USD exchange rate

  1. Know the latest GBP/USD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for British Pound Sterling and United States Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the GBP vs USD, you should pay attention to both British Pound Sterling and United States Dollar news and forecasts.

British Pound Sterling (GBP) - Market news and forecasts

20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Currency News and Forecasts - British Pound Sterling

Japan Allows Fintech Payments Specialists to Compete with Banks
Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates