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GBP to USD - Exchange Rate Overview

Pound Sterling to US Dollar exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

£1,000 GBP
=
U$1,259 USD

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 GBP = 1.2594 USD

Sell GBP / Buy USD 

 
GBP to USD 90-day trend
ALERT:7-DAY3.3% |
GBP/USD at 1.2589 was trading 1.3% above AVG:1.2431 with LO:1.1467 and HI:1.3098 (90 days). ALERT: GBP/USD is UP 3.3% this 7-DAY period.

Convert GBP to USD More Charts


Pound Sterling to US Dollar - Quick Conversions

GBP USD
£ 1 U$ 1.2594
£ 5 U$ 6.2970
£ 10 U$ 12.59
£ 20 U$ 25.19
£ 50 U$ 62.97
£ 100 U$ 125.94
£ 250 U$ 314.85
£ 500 U$ 629.70
£ 1,000 U$ 1,259
£ 2,000 U$ 2,519
£ 5,000 U$ 6,297
£ 10,000 U$ 12,594
£ 50,000 U$ 62,970
£ 100,000 U$ 125,940
More amounts
GBP USD
£ 0.7941 U$ 1
£ 3.9705 U$ 5
£ 7.9410 U$ 10
£ 15.88 U$ 20
£ 39.71 U$ 50
£ 79.41 U$ 100
£ 198.53 U$ 250
£ 397.05 U$ 500
£ 794.10 U$ 1,000
£ 1,588 U$ 2,000
£ 3,971 U$ 5,000
£ 7,941 U$ 10,000
£ 39,705 U$ 50,000
£ 79,410 U$ 100,000
More amounts

To calculate your own GBP/USD amounts use our Convert GBP to USD quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Provider Receive USD(U$) Exchange RateFee GBPDeal Links
OFX logo
U$1,248.9
0.8%
Best Overall
1.2489£0^
TorFX logo
U$1,242.4
1.32%
U$6.5 less
1.24240
WorldFirst logo
U$1,252.7
0.5%
U$3.8 more
1.25270
HSBC logo
U$1,215.77
3.43%
U$33 less
1.2176£1.50
Natwest Bank logo
U$1,194.41
5.13%
U$54 less
1.212615
Citibank International Money Transfers
Citibank logo
U$1,191.92
5.33%
U$57 less
1.206412
Santander International Money Transfers
Santander logo
U$1,189.39
5.53%
U$60 less
1.2014£10.00
Lloyds TSB logo
U$1,172.47
6.87%
U$76 less
1.196420
Banks - Average Rate
Citibank logo Santander logo Lloyds TSB logo HSBC logo Natwest Bank logo
U$1,193
5.26%
U$56 less
1.206915
 
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OFX: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2489 (0.8% from mid-rate)
To Amount (USD) U$1,248.9
Total Cost:0.8%
Time:
Rate Fetched: 10:28 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
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TorFX: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:
Exchange Rate:1.2424 (1.32% from mid-rate)
To Amount (USD) U$1,242.4
Total Cost:1.32%
Difference:
U$6.5 USD less than using OFX
Time:10:28 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
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WorldFirst: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:
Exchange Rate:1.2527 (0.5% from mid-rate)
To Amount (USD) U$1,252.7
Total Cost:0.5%
Difference:
U$3.8 USD more than using OFX
Time:10:28 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:£1.50 GBP (.15%)
Exchange Rate:1.2176 (3.29% from mid-rate)
To Amount (USD) U$1,215.77
Total Cost:3.43%
Difference:
U$33 USD less than using OFX
Time:10:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
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Natwest Bank: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:15
Exchange Rate:1.2126 (3.69% from mid-rate)
To Amount (USD) U$1,194.41
Total Cost:5.13%
Difference:
U$54 USD less than using OFX
Time:10:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
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Citibank: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:12
Exchange Rate:1.2064 (4.18% from mid-rate)
To Amount (USD) U$1,191.92
Total Cost:5.33%
Difference:
U$57 USD less than using OFX
Time:10:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
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Santander: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:£10.00 GBP (1%)
Exchange Rate:1.2014 (4.58% from mid-rate)
To Amount (USD) U$1,189.39
Total Cost:5.53%
Difference:
U$60 USD less than using OFX
Time:10:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
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Lloyds TSB: Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:20
Exchange Rate:1.1964 (4.97% from mid-rate)
To Amount (USD) U$1,172.47
Total Cost:6.87%
Difference:
U$76 USD less than using OFX
Time:10:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer GBP→USD
From Amount (GBP)£1,000
Fee:15
Exchange Rate:1.1977 (4.87% from mid-rate)
To Amount (USD) U$1,193
Total Cost:5.26%
Difference:
U$56 USD less than using OFX
Transfer Speed:
Services:
 
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Snapshot 06/03/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Provider Amount USD(U$) Exchange RateFee GBPDeal Links
U$1,258.4
0.05%
Best Overall
1.25840
U$1,246.44
1%
U$12 less
1.2527£5.00
Travelex Online logo
U$1,227
2.54%
U$31 less
1.227£0^
Post Office Money Foreign Cash
Post Office Money logo
U$1,206.4
4.18%
U$52 less
1.20640
Citibank Foreign Cash
Citibank logo
U$1,182.34
6.09%
U$76 less
1.196712
Santander Foreign Cash
Santander logo
U$1,172.75
6.85%
U$86 less
1.1846£10.00
Banks - Average Rate
Citibank logo Santander logo Lloyds TSB logo Natwest Bank logo
U$1,171
7.01%
U$87 less
1.187615
Natwest Bank logo
U$1,166.83
7.32%
U$92 less
1.184615
Lloyds TSB logo
U$1,160.91
7.79%
U$97 less
1.184620
 
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Revolut: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.2584 (-0.05% from mid-rate)
To Amount (USD) U$1,258.4
Total Cost:0.05%
Time:10:28 Local
Currency Services:Physical or Virtual cards
Delivery/Collect:Card delivery 3-5 days
Rating:
 
: 4/5.0
Reviews:
 
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TransferWise: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£5.00 GBP (0.5% + £1)
Exchange Rate:1.2527 (-0.5% from mid-rate)
To Amount (USD) U$1,246.44
Total Cost:1%
Time:10:28 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
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Travelex Online: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.227 (-2.54% from mid-rate)
To Amount (USD) U$1,227
Total Cost:2.54%
Time:
Rate Fetched: Wed Jun 03 2020 10:15:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
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Post Office Money: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.2064 (-4.18% from mid-rate)
To Amount (USD) U$1,206.4
Total Cost:4.18%
Time:10:28 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 
Citibank logo
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Citibank: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:12
Exchange Rate:1.1967 (-4.95% from mid-rate)
To Amount (USD) U$1,182.34
Total Cost:6.09%
Time:10:28 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Santander logo
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Santander: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:£10.00 GBP (1%)
Exchange Rate:1.1846 (-5.91% from mid-rate)
To Amount (USD) U$1,172.75
Total Cost:6.85%
Time:10:28 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
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Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:15
Exchange Rate:1.1846 (-5.91% from mid-rate)
To Amount (USD) U$1,171
Total Cost:7.01%
Currency Services:Branch
Delivery/Collect:-
 
Natwest Bank logo
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Natwest Bank: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:15
Exchange Rate:1.1846 (-5.91% from mid-rate)
To Amount (USD) U$1,166.83
Total Cost:7.32%
Time:10:28 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Lloyds TSB logo
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Lloyds TSB: Travel Money GBP→USD
From Amount (GBP)£1,000
Fee:20
Exchange Rate:1.1846 (-5.91% from mid-rate)
To Amount (USD) U$1,160.91
Total Cost:7.79%
Time:10:28 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
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Snapshot 06/03/2020 - View live rates
 
 

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Pound Sterling and US Dollar Forecasts

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.

Pound Sterling (GBP)

GBP will rise to 1.25 against the euro according to Standard Bank. The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.

This is a remarkable change of fortunes for GBP which was sold-off after the Brexit vote and again after the virus forced a lockdown in London, the world’s largest foreign-exchange centre. Against the dollar, sterling touched the lowest level in 35 years in March as traders sought the safety of the USD.

Read more in the article GBP Forecasts.

 

US Dollar (USD)

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

The US dollar held its value in 2019 despite the US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

Read more in the article USD 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 a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the GBP to USD exchange rate over periods upto 10 years.

GBP/USDPeriod to 02-JunDateRate
1.8% ▲1 Week26 May 20201.2332
0.8% ▲30 Days03 May 20201.2456
2.5% ▼90 Days04 Mar 20201.2872
0.9% ▼1 Year03 Jun 20191.2664
18.3% ▼5 Years04 Jun 20151.5356
13.6% ▼10 Years05 Jun 20101.4525
GBP/USD 10 year rates & changes to 02-Jun-2020 (1.2551)
 

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.

Setup BER.me FX Alerts

 

We help you Save Money on Exchange Rates.

Foreign Transfers Travel Money

View all GBP Exchange Rates