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GBP to USD - Exchange Rates

Pound Sterling to US Dollar exchange rates aren't all the same. The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees.

Foreign Exchange margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 GBP = 1.2414 USD

   Sell GBP / Buy USD  Switch

GBP to USD 90-Day Trend
ALERT:7-DAY5.6% 🔔|
GBP/USD at 1.2406 was trading 3.2% below AVG:1.2817 with LO:1.1467 and HI:1.3249 (90 days). ALERT: GBP/USD is UP 5.6% this 7-DAY period.
02-APR 4AM-NY 9AM-LON 4PM-HK 7PM-SYD

Convert GBP to USD More Charts


Quick Conversions from Pound Sterling to US Dollar

GBP USD
£ 1 U$ 1.2414
£ 5 U$ 6.2070
£ 10 U$ 12.41
£ 20 U$ 24.83
£ 50 U$ 62.07
£ 100 U$ 124.14
£ 250 U$ 310.35
£ 500 U$ 620.70
£ 1,000 U$ 1,241
£ 2,000 U$ 2,483
£ 5,000 U$ 6,207
£ 10,000 U$ 12,414
£ 50,000 U$ 62,070
£ 100,000 U$ 124,140
More amounts
GBP USD
£ 0.8055 U$ 1
£ 4.0275 U$ 5
£ 8.0550 U$ 10
£ 16.11 U$ 20
£ 40.28 U$ 50
£ 80.55 U$ 100
£ 201.38 U$ 250
£ 402.75 U$ 500
£ 805.50 U$ 1,000
£ 1,611 U$ 2,000
£ 4,028 U$ 5,000
£ 8,055 U$ 10,000
£ 40,275 U$ 50,000
£ 80,550 U$ 100,000
More amounts

To calculate your own GBP/USD amounts use our Convert GBP to USD quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/USD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

GBP to USD International Money Transfers

  

Foreign Transfer Provider Receive USD(U$) Exchange RateFee GBPDeal Links
TorFX logo
U$6,123
1.33%
Best Overall
1.22460
OFX logo
U$6,156
0.8%
U$33 more
1.2312£0^
WorldFirst logo
U$6,174.5
0.5%
U$52 more
1.23490
HSBC logo
U$5,982.51
3.59%
U$140 less
1.1983£7.5
Natwest Bank logo
U$5,949.1
4.13%
U$174 less
1.193415
Citibank International Money Transfers
Citibank logo
U$5,922.25
4.56%
U$201 less
1.187312
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
U$5,921
4.58%
U$202 less
1.187815
Santander International Money Transfers
Santander logo
U$5,888.35
5.11%
U$235 less
1.182420
Lloyds TSB logo
U$5,863.95
5.5%
U$259 less
1.177520
 
TorFX logo
TorFX: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.2246 (1.33% from mid-rate)
To Amount (USD) U$6,123
Total Cost:1.33%
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2312 (0.8% from mid-rate)
To Amount (USD) U$6,156
Total Cost:0.8%
Difference:
U$33 USD more than using TorFX
Time:
Rate Fetched: 6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.2349 (0.5% from mid-rate)
To Amount (USD) U$6,174.5
Total Cost:0.5%
Difference:
U$52 USD more than using TorFX
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.1983 (3.45% from mid-rate)
To Amount (USD) U$5,982.51
Total Cost:3.59%
Difference:
U$140 USD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.1934 (3.84% from mid-rate)
To Amount (USD) U$5,949.1
Total Cost:4.13%
Difference:
U$174 USD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.1873 (4.33% from mid-rate)
To Amount (USD) U$5,922.25
Total Cost:4.56%
Difference:
U$201 USD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.1787 (5.03% from mid-rate)
To Amount (USD) U$5,921
Total Cost:4.58%
Difference:
U$202 USD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.1824 (4.73% from mid-rate)
To Amount (USD) U$5,888.35
Total Cost:5.11%
Difference:
U$235 USD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→USD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.1775 (5.12% from mid-rate)
To Amount (USD) U$5,863.95
Total Cost:5.5%
Difference:
U$259 USD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 04/02/2020 - View latest rates
 

Example 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 Provider Amount USD(U$) Exchange RateFee GBPDeal Links
Travelex Online UK logo
U$1,210
2.51%
Best Overall
1.21£0^
Post Office Money Foreign Currency
Post Office Money logo
U$1,189.3
4.17%
U$21 less
1.18930
Citibank Foreign Currency
Citibank logo
U$1,167.9
5.9%
U$42 less
1.1797£10
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
U$1,158
6.73%
U$52 less
1.1707£10
Lloyds TSB logo
U$1,156.02
6.86%
U$54 less
1.1677£10
Santander Foreign Currency
Santander logo
U$1,156.02
6.86%
U$54 less
1.1677£10
Natwest Bank logo
U$1,150.18
7.33%
U$60 less
1.1677£15
 
Travelex Online UK logo
Travelex Online UK: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.21 (2.51% from mid-rate)
To Amount (USD) U$1,210
Total Cost:2.51%
Time:
Rate Fetched: Thu Apr 02 2020 06:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Post Office Money logo
Post Office Money: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.1893 (4.17% from mid-rate)
To Amount (USD) U$1,189.3
Total Cost:4.17%
Time:6:02 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1797 (4.95% from mid-rate)
To Amount (USD) U$1,167.9
Total Cost:5.9%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1677 (5.91% from mid-rate)
To Amount (USD) U$1,158
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 
Lloyds TSB logo
Lloyds TSB: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1677 (5.91% from mid-rate)
To Amount (USD) U$1,156.02
Total Cost:6.86%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Santander logo
Santander: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1677 (5.91% from mid-rate)
To Amount (USD) U$1,156.02
Total Cost:6.86%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.1677 (5.91% from mid-rate)
To Amount (USD) U$1,150.18
Total Cost:7.33%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 04/02/2020 - View latest rates
 

Also here is a comparison table of the exchange rates and fees on some popular prepaid multi-currency debit cards.

Travel Card Provider Amount USD(U$) Exchange RateFee GBPDeal Links
U$1,237.5
0.05%
Best Overall
1.23750
U$1,231.9
0.5%
U$5.6 less
1.23190
U$1,210
2.27%
U$27 less
1.210
 
Revolut: Travel Card GBP→USD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.2375 (-0.05% from mid-rate)
To Amount (USD) U$1,237.5
Total Cost:0.05%
Card Facts/Fees:
See our Reviews for the different fee structures for Standard (Free), Premium and Metal account subscriptions.
Time:0:00 Local
Currency Services:Physical or Virtual cards
Delivery/Collect:Card delivery 3-5 days
Rating:
 
: 4/5.0
Reviews:
 
TransferWise: Travel Card GBP→USD
From Amount (GBP)£1,000
Fee:
Exchange Rate:1.2319 (-0.5% from mid-rate)
To Amount (USD) U$1,231.9
Total Cost:0.5%
Card Facts/Fees:
Time:0:00 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
Travelex Money Card: Travel Card GBP→USD
From Amount (GBP)£1,000
Fee:undefined
Exchange Rate:1.21 (-2.27% from mid-rate)
To Amount (USD) U$1,210
Total Cost:2.27%
Card Facts/Fees:
10 Load Currencies: AUD USD EUR GBP NZD HKD SGD CAD JPY THB.
Overseas ATM withdrawal fee: FREE
Card Purchase Fee: $5.00
Maximum Load Amount: $100,000
Monthly Fee : $4 (after 12 months inactive)
Currency Conversion: 5.95% (when you withdraw
a currency not loaded on your card)
Offers 24/7 Global Emergency Assistance service with fee free emergency funds up to the available balance on the card
Time:
Rate Fetched: Wed Apr 01 2020 23:45:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 04/01/2020 - View latest rates
 

Country Guides (GBP & USD)

United StatesUnited States (USD)United KingdomUnited Kingdom (GBP)United Kingdom (GBP)
GuernseyGuernsey (GBP)Isle of ManIsle of Man (GBP)JerseyJersey (GBP)
South Georgia and South Sandwich IslandsSouth Georgia and South Sandwich Islands (GBP)East TimorEast Timor (USD)EcuadorEcuador (USD)
El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)US Virgin IslandsUS Virgin Islands (USD)
Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)ZimbabweZimbabwe (USD)

GBP to USD Forecasts

The success or failure of post Brexit negotations will dominate GBP trends and forecasts in 2020.  Read more

GBPUSD blended flags

GBP and USD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs USD, you should pay attention to the recent market trends for both currencies.

Pound Sterling (GBP)

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.

Read more in the article GBP Forecasts.

 

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.


How to get Best GBP to USD Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

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

What is a good GBP to USD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the GBP to USD exchange rate to the present day for periods going back upto 10 years.

PeriodChange*GBP/USDDate
1 Day-0.1%1.240731 Mar 2020
7 Day+4.6%1.185025 Mar 2020
30 Day-2.9%1.276602 Mar 2020
3 Month-5.7%1.314702 Jan 2020
1 Year-5.5%1.312702 Apr 2019
5 Year-16.9%1.491903 Apr 2015
10 Year-18.7%1.525704 Apr 2010

*For period to 01-Apr 21UTC when GBP/USD was 1.2399

When is the best time to exchange GBP to USD?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts

We help you Save Money on Exchange Rates.

 

View all GBP Exchange Rates