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GBP/USD - Rate Guide

British Pound Sterling to United States 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. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

GBP/USD Exchange Rates and Providers Compared

This guide to the British Pound Sterling to United States Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to USD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the GBP/USD Calculator.

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GBP/USD - 90 Day Rate Alerts

1 GBP = 1.2432 USD

NO ALERTS for GBP/USD
GBP/USD over the last 90 days

View GBP/USD - Interactive Chart

Exchange rates can 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.

 
Foreign Transfer ProvidersReceive USD($)Exchange RateFee GBPTotal CostDeal Links
OFX logo
6,163.5 USD
Best Overall
1.2327£0^0.8%
TorFX logo
6,122.5 USD
41 USD
1.224501.46%
WorldFirst logo
6,182 USD
19 USD
1.236400.5%
HSBC logo
5,999.99 USD
164 USD
1.2018£7.53.43%
Natwest Bank logo
5,966.55 USD
197 USD
1.1969153.97%
Citibank International Money Transfers
Citibank logo
5,939.71 USD
224 USD
1.1908124.4%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,939 USD
224 USD
1.1913154.42%
Santander International Money Transfers
Santander logo
5,905.78 USD
258 USD
1.1859204.94%
Lloyds TSB logo
5,881.38 USD
282 USD
1.181205.34%
 

OFX logo

OFX: Foreign Transfer GBP→USD
From Amount:5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2327 (0.8% from mid-rate)
To Amount:6,163.5 USD
Total Cost:0.8%
Time:
Rate Fetched: 16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer GBP→USD
From Amount:5,000 GBP
Fee:
Exchange Rate:1.2245 (1.46% from mid-rate)
To Amount:6,122.5 USD
Total Cost:1.46%
Difference:
41 USD less than using OFX
Time:16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

WorldFirst logo

WorldFirst: Foreign Transfer GBP→USD
From Amount:5,000 GBP
Fee:
Exchange Rate:1.2364 (0.5% from mid-rate)
To Amount:6,182 USD
Total Cost:0.5%
Difference:
19 USD more than using OFX
Time:16:20 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:5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.2018 (3.28% from mid-rate)
To Amount:5,999.99 USD
Total Cost:3.43%
Difference:
164 USD less than using OFX
Time:16:20 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:5,000 GBP
Fee:15
Exchange Rate:1.1969 (3.68% from mid-rate)
To Amount:5,966.55 USD
Total Cost:3.97%
Difference:
197 USD less than using OFX
Time:16:20 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:5,000 GBP
Fee:12
Exchange Rate:1.1908 (4.17% from mid-rate)
To Amount:5,939.71 USD
Total Cost:4.4%
Difference:
224 USD less than using OFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→USD
From Amount:5,000 GBP
Fee:15
Exchange Rate:1.1822 (4.86% from mid-rate)
To Amount:5,939 USD
Total Cost:4.42%
Difference:
224 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logo

Santander: Foreign Transfer GBP→USD
From Amount:5,000 GBP
Fee:20
Exchange Rate:1.1859 (4.56% from mid-rate)
To Amount:5,905.78 USD
Total Cost:4.94%
Difference:
258 USD less than using OFX
Time:16:20 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:5,000 GBP
Fee:20
Exchange Rate:1.1810 (4.96% from mid-rate)
To Amount:5,881.38 USD
Total Cost:5.34%
Difference:
282 USD less than using OFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

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 ProvidersAmount USD($)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
1,215 USD
Best Overall
1.215£0^2.22%
Post Office Money Foreign Currency
Post Office Money logo
1,190.7 USD
24 USD
1.190704.18%
Citibank Foreign Currency
Citibank logo
1,169.29 USD
46 USD
1.1811£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,159 USD
56 USD
1.1721£106.73%
Lloyds TSB logo
1,157.41 USD
58 USD
1.1691£106.86%
Santander Foreign Currency
Santander logo
1,157.41 USD
58 USD
1.1691£106.86%
Natwest Bank logo
1,151.56 USD
63 USD
1.1691£157.33%
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→USD
From Amount:1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.215 (2.22% from mid-rate)
To Amount:1,215 USD
Total Cost:2.22%
Time:
Rate Fetched: Mon Sep 23 2019 16:15:03 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:1,000 GBP
Fee:0
Exchange Rate:1.1907 (4.18% from mid-rate)
To Amount:1,190.7 USD
Total Cost:4.18%
Time:16:20 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:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1811 (4.95% from mid-rate)
To Amount:1,169.29 USD
Total Cost:5.9%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→USD
From Amount:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1691 (5.92% from mid-rate)
To Amount:1,159 USD
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→USD
From Amount:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1691 (5.92% from mid-rate)
To Amount:1,157.41 USD
Total Cost:6.86%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→USD
From Amount:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1691 (5.92% from mid-rate)
To Amount:1,157.41 USD
Total Cost:6.86%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→USD
From Amount:1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.1691 (5.92% from mid-rate)
To Amount:1,151.56 USD
Total Cost:7.33%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

GBP / USD converter & margin calculator

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

Foreign Transfers Travel Money

Foreign Transfers Travel Money

British Pound Sterling

United States Dollar

1 GBP 1.2432 USD
5 GBP 6.2160 USD
10 GBP 12.43 USD
20 GBP 24.86 USD
50 GBP 62.16 USD
100 GBP 124.32 USD
250 GBP 310.80 USD
500 GBP 621.60 USD
1,000 GBP 1,243.20 USD
2,000 GBP 2,486.40 USD
5,000 GBP 6,216.00 USD
10,000 GBP 12,432.00 USD
50,000 GBP 62,160.00 USD
100,000 GBP 124,320.00 USD
See more

British Pound Sterling

United States Dollar

0.8043 GBP 1 USD
4.0215 GBP 5 USD
8.0430 GBP 10 USD
16.09 GBP 20 USD
40.22 GBP 50 USD
80.43 GBP 100 USD
201.08 GBP 250 USD
402.15 GBP 500 USD
804.30 GBP 1,000 USD
1,608.60 GBP 2,000 USD
4,021.50 GBP 5,000 USD
8,043.00 GBP 10,000 USD
40,215.00 GBP 50,000 USD
80,430.00 GBP 100,000 USD
See more
Country Guides (GBP & USD)
United StatesUnited States (USD)United KingdomUnited 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/USD - Historical Trends

This table shows historic rates and trends of British Pound Sterling to United States Dollar over periods upto 10 years.

PeriodChange*GBP/USDDate
1 Day-0.4%1.252319 Sep 2019
7 Day-0.3%1.250513 Sep 2019
30 Day+2.8%1.213021 Aug 2019
3 Month-2.1%1.274222 Jun 2019
1 Year-6%1.327020 Sep 2018
5 Year-23.5%1.630321 Sep 2014
10 Year-23.8%1.635722 Sep 2009

*For period to 20-Sep 21UTC when GBP/USD was 1.2472

You can use our GBP interactive charts to check GBPUSD historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

GBP to USD Forecasts

Brexit continues to dominate GBP markets and forecasts, with "no deal" likely to induce exchange rates near $1.10; a deal will bring rates closer to $1.50.  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.

 

British Pound Sterling (GBP)

Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Read more in the article GBP Forecasts.

 

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

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

Read more in the article USD Forecasts.

Why can't I just get the GBP/USD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / USD was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

GBPUSD blended flags

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

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates