Loading...

Home pages - full list (A-Z)

GBP to 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 update & alerts

1 GBP = 1.3136 USD

Sell GBP - Buy USD  Invert

GBP to USD - Trading Range (90 Day)
4-DAY ▲ 1.9% (1d)90-DAY HIGH (1d)
90-DAY TREND: At 1.314 GBP/USD is trading 3.8% above the average 1.2665 with a range 1.2066 to 1.3159. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

More Charts

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. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/USD Quick Calculator.

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.

 
  

GBP to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee GBPTotal CostDeal Links
OFX logo
U$6,515.5
Best Overall
1.3031£0^0.8%
TorFX logo
U$6,457.5
U$58 less
1.291501.68%
WorldFirst logo
U$6,535
U$20 more
1.30700.5%
HSBC logo
U$6,327.99
U$188 less
1.2675£7.53.65%
Natwest Bank logo
U$6,292.57
U$223 less
1.2623154.19%
Citibank International Money Transfers
Citibank logo
U$6,264.43
U$251 less
1.2559124.62%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
U$6,263
U$252 less
1.2564154.64%
Santander International Money Transfers
Santander logo
U$6,228.49
U$287 less
1.2507205.17%
Lloyds TSB logo
U$6,202.59
U$313 less
1.2455205.56%
 

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:1.3031 (0.8% from mid-rate)
To Amount (USD) U$6,515.5
Total Cost:0.8%
Time:
Rate Fetched: 18:01 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 (GBP)£5,000
Fee:
Exchange Rate:1.2915 (1.68% from mid-rate)
To Amount (USD) U$6,457.5
Total Cost:1.68%
Difference:
U$58 USD less than using OFX
Time:18:01 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 (GBP)£5,000
Fee:
Exchange Rate:1.3070 (0.5% from mid-rate)
To Amount (USD) U$6,535
Total Cost:0.5%
Difference:
U$20 USD more than using OFX
Time:18:01 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:1.2675 (3.51% from mid-rate)
To Amount (USD) U$6,327.99
Total Cost:3.65%
Difference:
U$188 USD less than using OFX
Time:18:01 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:1.2623 (3.91% from mid-rate)
To Amount (USD) U$6,292.57
Total Cost:4.19%
Difference:
U$223 USD less than using OFX
Time:18:01 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:1.2559 (4.39% from mid-rate)
To Amount (USD) U$6,264.43
Total Cost:4.62%
Difference:
U$251 USD less than using OFX
Time:18:01 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:1.2468 (5.09% from mid-rate)
To Amount (USD) U$6,263
Total Cost:4.64%
Difference:
U$252 USD less than using OFX
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:1.2507 (4.79% from mid-rate)
To Amount (USD) U$6,228.49
Total Cost:5.17%
Difference:
U$287 USD less than using OFX
Time:18:01 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:1.2455 (5.18% from mid-rate)
To Amount (USD) U$6,202.59
Total Cost:5.56%
Difference:
U$313 USD less than using OFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - 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(U$)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
U$1,282.2
Best Overall
1.2822£0^2.39%
Post Office Money Foreign Currency
Post Office Money logo
U$1,258.8
U$23 less
1.258804.17%
Citibank Foreign Currency
Citibank logo
U$1,236.11
U$46 less
1.2486£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
U$1,225
U$57 less
1.2391£106.73%
Lloyds TSB logo
U$1,223.54
U$59 less
1.2359£106.86%
Santander Foreign Currency
Santander logo
U$1,223.54
U$59 less
1.2359£106.86%
Natwest Bank logo
U$1,217.36
U$65 less
1.2359£157.33%
 

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:1.2822 (2.39% from mid-rate)
To Amount (USD) U$1,282.2
Total Cost:2.39%
Time:
Rate Fetched: Sat Dec 07 2019 18:00:05 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:1.2588 (4.17% from mid-rate)
To Amount (USD) U$1,258.8
Total Cost:4.17%
Time:18:01 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:1.2486 (4.95% from mid-rate)
To Amount (USD) U$1,236.11
Total Cost:5.9%
Time:18:01 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:1.2359 (5.92% from mid-rate)
To Amount (USD) U$1,225
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:1.2359 (5.92% from mid-rate)
To Amount (USD) U$1,223.54
Total Cost:6.86%
Time:18:01 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:1.2359 (5.92% from mid-rate)
To Amount (USD) U$1,223.54
Total Cost:6.86%
Time:18:01 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:1.2359 (5.92% from mid-rate)
To Amount (USD) U$1,217.36
Total Cost:7.33%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

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)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

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.

Earlier in the year the pound was the worst-performing major currency by some margin. 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