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GBP to USD Calculator

British Pound Sterling to United States Dollar - Convert Compare Save

GBP to USD mid-rate = 1.2589

Right now the GBP/USD market mid-rate is 1.2589 and represents ideally how many United States Dollar you can get for one British Pound Sterling.

You can calculate equivalent British Pound Sterling to United States Dollar currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for GBP to USD transfers or buying USD travel money.

GBP / USD Converter


£GBP


$USD
1 British Pound Sterling equals
1.2589 United States Dollar

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

Foreign Transfers Travel Cash/Cards

 
 
3 Month GBP to USD Chart
Loading GBP/USD rates

British Pound Sterling

United States Dollar

1 GBP 1.2589 USD
5 GBP 6.2945 USD
10 GBP 12.59 USD
20 GBP 25.18 USD
50 GBP 62.95 USD
100 GBP 125.89 USD
250 GBP 314.73 USD
500 GBP 629.45 USD
1,000 GBP 1,258.90 USD
2,000 GBP 2,517.80 USD
5,000 GBP 6,294.50 USD
10,000 GBP 12,589.00 USD
50,000 GBP 62,945.00 USD
100,000 GBP 125,890.00 USD
See more

British Pound Sterling

United States Dollar

0.7943 GBP 1 USD
3.9715 GBP 5 USD
7.9430 GBP 10 USD
15.89 GBP 20 USD
39.72 GBP 50 USD
79.43 GBP 100 USD
198.58 GBP 250 USD
397.15 GBP 500 USD
794.30 GBP 1,000 USD
1,588.60 GBP 2,000 USD
3,971.50 GBP 5,000 USD
7,943.00 GBP 10,000 USD
39,715.00 GBP 50,000 USD
79,430.00 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
16 Dec 20181.2589Latest
09 Dec 20181.27191 Week-1.02%
16 Nov 20181.28401 Month-1.95%
19 Jun 20181.31736 Months-4.43%
16 Dec 20171.33241 Year-5.52%
16 Dec 20161.24742 Years+0.92%
17 Dec 20131.62705 Years-22.62%
18 Dec 20081.517710 Years-17.05%

Best Rates for GBP/USD Transfers and Travel Money

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

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.

Compare GBP to USD Foreign Transfers vs the Banks

Foreign Transfer ProvidersAmount USD($)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
TorFX logo
6,210 USD
Top Provider
1.24201.34%Bank Transfers - Online & Phone1-2 days
 
OFX logo
6,213 USD
$3 more
1.2426£0^1.29%Bank Transfers - Online & Phone1-2 days
 
HSBC logo
6,082.86 USD
$127 less
1.2184£7.53.36%Online, Branch, Bank Transfers2-3 days
Natwest Bank logo
6,048.8 USD
$161 less
1.2134153.9%Online, Branch, Bank Transfers2-3 days
 
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
6,022 USD
$188 less
1.2079154.33%Online, Branch, Bank Transfers2-3 days
Citibank
Citibank logo
6,021.51 USD
$188 less
1.2072124.34%Online, Branch, Bank Transfers2-3 days
Santander logo
5,986.96 USD
$223 less
1.2022204.89%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
5,968.53 USD
$241 less
1.1985205.18%Online, Branch, Bank Transfers2-3 days
 
TorFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2420 (1.34% from mid-rate)
USD amount:6,210 USD
Total Cost:1.34%
Time:18:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2426 (1.29% from mid-rate)
USD amount:6,213 USD
Total Cost:1.29%
Difference:
$3 more than using TorFX
Time:
Rate Fetched: Sun Dec 16 2018 16:09:16 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.2184 (3.22% from mid-rate)
USD amount:6,082.86 USD
Total Cost:3.36%
Difference:
$127 less than using TorFX
Time:18:11 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:1.2134 (3.61% from mid-rate)
USD amount:6,048.8 USD
Total Cost:3.9%
Difference:
$161 less than using TorFX
Time:18:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
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:1.1985 (4.8% from mid-rate)
USD amount:6,022 USD
Total Cost:4.33%
Difference:
$188 less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Citibank: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.2072 (4.11% from mid-rate)
USD amount:6,021.51 USD
Total Cost:4.34%
Difference:
$188 less than using TorFX
Time:18:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Santander: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.2022 (4.5% from mid-rate)
USD amount:5,986.96 USD
Total Cost:4.89%
Difference:
$223 less than using TorFX
Time:18:11 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:1.1985 (4.8% from mid-rate)
USD amount:5,968.53 USD
Total Cost:5.18%
Difference:
$241 less than using TorFX
Time:18:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs GBP/USD mid-rate: 1.2589

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.

Compare GBP to USD Travel Money Exchange Rates vs the Banks

Travel Money ProvidersAmount USD($)Exchange RateFee GBPTotal CostCurrency ServicesDelivery SpeedReviewsDeal Links
Travelex Online UK logo
1,230 USD
Top Provider
1.23£0^2.3%Online order, Branch pickup, Home delivery2-3 days
 
Post Office Foreign Currency
Post Office logo
1,206.3 USD
$24 less
1.206304.18%Online order, Branch pickup, Home delivery2-3 days
Citibank
Citibank logo
1,184.63 USD
$45 less
1.1966£105.9%Branch-
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,174 USD
$56 less
1.1875£106.73%Branch-
Lloyds TSB logo
1,172.66 USD
$57 less
1.1845£106.85%Branch-
 
Santander logo
1,172.66 USD
$57 less
1.1845£106.85%Branch-
 
Natwest Bank logo
1,166.73 USD
$63 less
1.1845£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:1.23 (2.3% from mid-rate)
USD amount:1,230 USD
Total Cost:2.3%
Time:
Rate Fetched: Sun Dec 16 2018 16:30:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery Speed:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Post Office: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:1.2063 (4.18% from mid-rate)
USD amount:1,206.3 USD
Total Cost:4.18%
Time:18:11 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery Speed:2-3 days
Rating:
: /5.0
Reviews:
Citibank: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1966 (4.95% from mid-rate)
USD amount:1,184.63 USD
Total Cost:5.9%
Time:18:11 Local
Currency Services:Branch
Delivery Speed:-
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:1.1845 (5.91% from mid-rate)
USD amount:1,174 USD
Total Cost:6.73%
Currency Services:Branch
Delivery Speed:-
Lloyds TSB: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1845 (5.91% from mid-rate)
USD amount:1,172.66 USD
Total Cost:6.85%
Time:18:11 Local
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 1/5.0
Reviews:
Santander: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1845 (5.91% from mid-rate)
USD amount:1,172.66 USD
Total Cost:6.85%
Time:18:11 Local
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 2/5.0
Reviews:
Natwest Bank: Travel Money GBP→USD
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.1845 (5.91% from mid-rate)
USD amount:1,166.73 USD
Total Cost:7.32%
Time:18:11 Local
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs GBP/USD mid-rate: 1.2589

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.

GBP to USD mid-rate on google

GBP to USD mid-rate on google search

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

10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.

The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.

In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.

How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.


 

Currency News and Forecasts British Pound Sterling

US Dollar Strikes 18-Month High, Will Lose Value in 2019
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Pound at 20-Month Low After PM Cancels Big Brexit Vote; UK Prepares for No-...
Credit Agricole Rolls the Dice on British Pound, Is a Buyer Ahead of ...
Pound to Lose 25 Percent on Disorderly Brexit, Bank of England Warns
Australian Dollar and Euro Heading Higher, Experts Say