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  1. Exchange Rates
  2. British pound sterling (GBP)
  3. U.S. dollar (USD)

Convert GBP to USD at Best Exchange Rates

There are three important types of information that you need to know if you are to have any chance of getting the best possible GBP / USD rate :

  1. Find the Market GBP to USD mid-rate - the starting point.
  2. Check your FX provider's transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News, Research and Forecasts for both currencies.

1. Market GBP/USD mid-rate

The closer your final exchange rate is to the market GBP/USD midrate the better deal you are getting.
1 British pound sterling equals
U.S. dollar 1GBP=USD

Right now the GBP/USD market rate is and represents how many U.S. dollar you can get for one British pound sterling.

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. The closer your final exchange rate is to the market GBP/USD midrate the better deal you are getting. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the currencies were exchanged in a transaction (bought or sold) in the international markets.

GBP to USD Exchange Rate Calculator

£
$
1 GBP equals
USD 1GBP=USD

Compare rates for: Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
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British pound sterling to U.S. dollar (GBP-USD) Recent History

WhenExchange RateDate
1 Week ago1.420218 Apr 2018
1 Month ago1.423826 Mar 2018
6 Months ago1.312927 Oct 2017
1 Year ago1.283325 Apr 2017
2 Years ago1.44825 Apr 2016
5 Years ago1.54626 Apr 2013
10 Years ago1.982927 Apr 2008

There are three important types of information that you need to know if you are to have any chance of getting the best possible GBP / USD rate :

  1. Market GBP to USD mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for British pound sterling and U.S. dollar.

1. Market GBP/USD mid-rate

Right now the GBP/USD market rate is and represents how many U.S. dollar you can get for one British pound sterling.

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.

1 British pound sterling equals
U.S. dollar 1=

2. Transaction Costs - Margins and Fees for GBP/USD Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

GBP to USD Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from GBP to USD.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending GBP 5,000 to USD

 OFX
1GBP=1.3768USD
$6884.00 USD (1.23%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $6884.00 USD
Exchange Rate: 1.3768
(Inverse 1USD=GBP 0.7263)
Fees: GBP 0
Total Cost : 1.23% (from mid-rate: 1.3939)
This is the amount of money that could be received by your transfer at rate GBP/USD=1.3768 and inclusive of the fee of GBP 0.
Rate timestamp : Wed Apr 25 2018 14:12:23 GMT+0000 (UTC)
Bank Rates - Average
1GBP=1.3259USD
$6609.61 USD (5.16%)
This is the average GBP to USD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $6609.61 USD
Exchange Rate: 1.3259
(Inverse 1USD=GBP 0.7542)
Fees: GBP 15
Total Cost : 5.16% (from mid-rate: 1.3939)
Receive USD $274 less than with   OFX
This is the amount of money that could be received by your transfer at rate GBP/USD=1.3259 and inclusive of the fee of GBP 15.

Travel Money GBP to USD - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying USD Cash with GBP 2,000

 Travelex Online
1GBP=1.3607USD
$2721.40 USD (2.38%)
Great rates on all foreign currency at Travelex UK - Order Online here for convenient store & airport collection or Free Next Day Home Delivery *
Select our Buy Back Guarantee and we'll buy your left over foreign cash when you get back at the same rate & no fees. #
* Home delivery is free for all orders of £500 or more. For orders below £500 the following charges apply: Up to £299.99 = £3.95. Between £300 and £499.99 = £1.95
Orders paid for via Debit card incur no additional fees, Credit card fee 1.5%
Price Details
Receive: $2721.40 USD
Exchange Rate: 1.3607
(Inverse 1USD=GBP 0.7349)
Fees: GBP 0 *
Total Cost : 2.38% (from mid-rate: 1.3939)
Amount of money that could be received by your currency exchange at rate GBP/USD=1.3607 and inclusive of the fee of GBP 0 *.
Rate timestamp : Wed Apr 25 2018 15:00:03 GMT+0000 (UTC)
Bank Rates - Average
1GBP=1.3267USD
$2626.87 USD (5.77%)
This is the average GBP to USD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $2626.87 USD
Exchange Rate: 1.3267
(Inverse 1USD=GBP 0.7537)
Fees: GBP 20 (1%)
Total Cost : 5.77% (from mid-rate: 1.3939)
Receive USD $95 less than with   Travelex Online
Amount of money that could be received by your currency exchange at rate GBP/USD=1.3267 and inclusive of the fee of GBP 20 (1%).
Rates snapshot: 04/25/2018

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 GBP/USD market rate I see on Google or in the Media?

When you look up the current British pound sterling to U.S. dollar 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.

GBP to USD mid-rate on google

GBP to USD mid-rate on google search

Getting a great GBP to USD 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 GBP to USD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific British pound sterling cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for British pound sterling and U.S. dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another 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 U.S. dollar news and forecasts.

British pound sterling (GBP) - Market news and forecasts

Like most currencies, the pound was strong against the US dollar in early 2018. By late March, in line with the broader market for dollar pairs, GBP/USD had fallen back from January’s 19-month high of 1.434 to 1.4, but remained up 4% on the year and 17% higher than 2017’s low of 1.2.

Mirroring the standoff between UK and EU Brexit negotiators, the pound-euro exchange rate did little in the six-month period between October ’17 and March ’18. The pound continues to buy roughly 1.14 euros.

Like most other G10 currencies, the pound gained significantly in early 2018 against the Australian dollar and lost out against the yen.

According to a Reuters survey of FX analysts in March, the pound will end the year buying 1.41 US dollars (entering 2018, most analysts predicted rates between 1.3 and 1.35) and 1.12-1.14 euros.

U.S. dollar (USD) - Market news and forecasts

Against a basket of currencies, the U.S. dollar held steady in February and March – a welcome change considering the currency’s 15% fall in the preceding 13 months. However, any boost the greenback might receive from higher U.S. interest rates (the Fed hiked again in March) is likely to be offset by the longer-term consequences of U.S. trade tariffs, thinks a growing number of FX analysts. The latest round of tariffs include those on steel and aluminium imports and on $60 billion worth of Chinese goods, all aimed at boosting U.S. manufacturers.

The question of whether China in particular would take retaliatory steps on trade was a hot topic approaching the end of March. Analysts at Bank of America Merrill Lynch, BK Asset Management and Lloyds all said that the dollar would weaken on any escalation of trade tensions. In March, Lloyds reduced its dollar-euro year-end forecast to 0.8 (EUR/USD 1.25), from 0.82.

With trade on everyone’s lips and with traders uninspired by U.S. economic prospects, it is not surprising that the dollar’s trajectory has decoupled in 2018 from that of U.S. interest rate expectations. Despite yields climbing steadily this year, the dollar has sunk.

“It’s easy to see the weak-dollar story persisting,” said ING in February. The bank has forecast dollar-euro at just 0.77 at year-end (EUR/USD 1.3).

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