What's in this GBP to USD exchange rate review?
To calculate other GBP/USD amounts try our home-page Convert GBP to USD quick converter.
Comparing Retail Exchange Rates
The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
Country Guides - US Dollar
 United States (USD) |  East Timor (USD) |  Ecuador (USD) |
 El Salvador (USD) |  British Virgin Islands (USD) |  US Virgin Islands (USD) |
 Caribbean Netherlands (USD) |  Turks and Caicos Islands (USD) |
Pound Sterling - US Dollar Forecasting
NAB have revised upwards their pound sterling forecasts now expecting the GBP/USD rate to be at US$1.47 by June 2022, up from their previous forecast of US$1.39. For 2020, it sees GBP at US$1.36 by year-end, up from a predicted US$1.30.
US dollar weakness has helped the embattled pound continue its recovery off June and early July lows. Despite this brief upturn, the outlook remains pessimistic as Brexit uncertainty and questions over the economy’s ability to rebound after the pandemic weigh on the currency. August Currency Update
Read more about FX Broker and Bank analysts' predictions for GBP to USD future trends in our blog article GBP to USD Broker & Bank 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 always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling vs US Dollar current value is to look the GBP/USD historic rate and change over a range of periods.
The following table looks at the change in the GBP to USD exchange rate over periods from the previous week back to the last 10 years.
| GBP/USD rate | Change | Period |
|---|---|---|
| 06 Aug 2020 : 1.3138 | 0.6% ▼ | 1 Week |
| 14 Jul 2020 : 1.2570 | 3.9% ▲ | 30 Days |
| 15 May 2020 : 1.2106 | 7.9% ▲ | 90 Days |
| 14 Aug 2019 : 1.2060 | 8.3% ▲ | 1 Year |
| 15 Aug 2015 : 1.5646 | 16.5% ▼ | 5 Years |
| 16 Aug 2010 : 1.5643 | 16.5% ▼ | 10 Years |
GBP/USD 10 year historic rates & change to 13-Aug-2020 : 1.3065
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.