Best GBP to USD Exchange Rates - Compare & Save

In this Pound Sterling to US dollar guide:

1 GBP = USD

GBP to USD at 1.2119 is 3.2% below its 90-day average 1.2516 with range 1.1998-1.3116.

05-JUL 3AM-NY 8AM-LON 3PM-HK 5PM-SYD

Sell GBP → Buy USD

Track Rate

1 USD = 0.8251 GBP

14-DAY▼LOW

In June the GBP/USD exchange rate dropped as low as the 1.20 level after the Federal Reserve raised interest rates combined with the continuing impact of the Ukraine war on commodity prices.

The Bank of England has joined the global fight against inflation, but has raised rates by less than the US Federal Reserve.

So it seems the BoE’s gloomy economic forecasts has increased pressure on Sterling.

GBP-USD Forecasts

Date	GBP/USD	Change	Period
20 Jun 2022	1.2249	1.2% ▼	2 Week
05 Apr 2022	1.3077	7.4% ▼	3 Month
04 Jul 2021	1.3831	12.5% ▼	1 Year
05 Jul 2017	1.2931	6.4% ▼	5 Year
06 Jul 2012	1.5506	21.9% ▼	10 Year
09 Jul 2002	1.5470	21.7% ▼	20 Year

GBP/USD change over periods to 04-Jul-2022

GBP to USD - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Compare Transfer Rates : Send £10,000 GBP → Receive USD

Provider	Receive USD	GBP/USD Rate	Cost
OFX Trusted brand in Foreign Exchange. Online & Phone. Helpful Dealers & support. Lock in an Exchange Rate with Spot & Forward Deals. See more	10,000 GBP = 12,031 USD Up to 569 USD more 0.75% See more	1.2031	0.75%	Visit OFX Best Value No fees on all your OFX transfers
TorFX TorFX provide no fee transfers with good exchange rates and excellent customer service. See more	10,000 GBP = 11,925 USD Get $106 less 1.63% See more	1.1925	1.63%	Visit TorFX Compare Rate
HSBC HSBC's profit margin is generally 2.5%-7% depending on currencies and amounts. See more	10,000 GBP = 11,795 USD Get $236 less 2.7% See more	1.1819	2.7%	Compare Rate
Standard Chartered Standard Chartered's profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 GBP = 11,758 USD Get $273 less 3% See more	1.1758	3%	Compare Rate
Chase Bank Chase Bank's FX wire margin is generally 3.5% - 8.0% depending on currencies and amounts. See more	10,000 GBP = 11,710 USD Get $321 less 3.4% See more	1.171	3.4%	Compare Rate
Barclays Bank Barclay's profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 GBP = 11,686 USD Get $345 less 3.6% See more	1.1698	3.6%	Compare Rate
Natwest Bank Natwest's profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 GBP = 11,645 USD Get $386 less 3.93% See more	1.1662	3.93%	Compare Rate
SHOW ALL	10,000 GBP = 11,626 USD Get $405 less 4.09%	1.1659	4.09%	Average Bank Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. See more	10,000 GBP = 11,613 USD Get $418 less 4.2% See more	1.1613	4.2%	Compare Rate
Citibank Citibank's profit margin is generally 3 - 7% depending on currencies and amounts. See more	10,000 GBP = 11,588 USD Get $443 less 4.41% See more	1.1602	4.41%	Compare Rate
Deutsche Bank Deutsche Bank's profit margin is generally 3 - 7% depending on currencies and amounts. See more	10,000 GBP = 11,581 USD Get $450 less 4.46% See more	1.1698	4.46%	Compare Rate
Santander Santander's profit margin is generally 3 - 7% depending on currencies and amounts. See more	10,000 GBP = 11,531 USD Get $500 less 4.88% See more	1.1554	4.88%	Compare Rate
Lloyds Bank Lloyds' profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 GBP = 11,506 USD Get $525 less 5.08% See more	1.1506	5.08%	Compare Rate
Royal Bank of Scotland RBS's profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 GBP = 11,462 USD Get $569 less 5.44% See more	1.1578	5.44%	Compare Rate

Cost % is Provider Rate Margin vs Mid-rate + Fees

GBP/USD=1.2122

14-DAY▼LOW

My Rates

Transfers - United Kingdom to United States

GBP to USD - Travel & Spend

GBP/USD Mid-rate Calculator

* This table compares FX rates & fees of selected FX specialists and banks for GBP to USD International Money Transfers. Providers must be well established, reputable and regulated in the UK by the FCA for the provision of payment services. We DO NOT compare every provider in the market. We may receive referral fees if you choose one of these providers however this will not affect the savings, exchange rates or fees you are charged by the provider.

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest GBP to USD Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - Pound Sterling & US dollar

United States (USD)	United Kingdom (GBP)	Guernsey (GBP)
Isle of Man (GBP)	Jersey (GBP)	South Georgia and South Sandwich Islands (GBP)

How to get a good GBP to USD Exchange Rate

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

Generally speaking, if you are buying US dollar with Pound Sterling, then it's good for the GBP/USD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to the United States.

Will the Pound Sterling rise against the US dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/USD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently.

Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

Related exchange rates

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Provider	OFX
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$12,031
Exchange Rate	1GBP = 1.2031 USD (1USD = 0.8312GBP)
Rate Margin	0.75%
Other Fees	£0
Total Cost (Rate Margin + Fees)	0.75%
Transfer Speed	1-2 days
Rate Retrieved	06:01 Local - BER

Provider	TorFX
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,925
Exchange Rate	1GBP = 1.1925 USD (1USD = 0.8386GBP)
Rate Margin	1.63%
Other Fees	£0
Total Cost (Rate Margin + Fees)	1.63%
Difference	Get $106 USD less than withOFX
Transfer Speed	1-2 days
Rate Retrieved	06:01 Local - BER

Provider	HSBC
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,795
Exchange Rate	1GBP = 1.1819 USD (1USD = 0.8461GBP)
Rate Margin	2.5%
Other Fees	£20
Total Cost (Rate Margin + Fees)	2.7%
Difference	Get $236 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:01 Local - BER

Provider	Standard Chartered
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,758
Exchange Rate	1GBP = 1.1758 USD (1USD = 0.8505GBP)
Rate Margin	3%
Other Fees	£
Total Cost (Rate Margin + Fees)	3%
Difference	Get $273 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:01 Local - BER

Provider	Chase Bank
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,710
Exchange Rate	1GBP = 1.1710 USD (1USD = 0.8540GBP)
Rate Margin	3.4%
Other Fees	£0
Total Cost (Rate Margin + Fees)	3.4%
Difference	Get $321 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:01 Local - BER

Provider	Barclays Bank
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,686
Exchange Rate	1GBP = 1.1698 USD (1USD = 0.8548GBP)
Rate Margin	3.5%
Other Fees	£10
Total Cost (Rate Margin + Fees)	3.6%
Difference	Get $345 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:01 Local - BER

Provider	Natwest Bank
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,645
Exchange Rate	1GBP = 1.1662 USD (1USD = 0.8575GBP)
Rate Margin	3.79%
Other Fees	£15
Total Cost (Rate Margin + Fees)	3.93%
Difference	Get $386 USD less than withOFX
Transfer Speed	2-3 days
BER Rating	1/5.0
Rate Retrieved	06:01 Local - BER

Provider	Comparison Rate
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,626
Exchange Rate	1GBP = 1.1841 USD (1USD = 0.8445GBP)
Rate Margin	2.32%
Total Cost (Rate Margin + Fees)	4.09%
Difference	Get $405 USD less than withOFX

Provider	Paypal
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,613
Exchange Rate	1GBP = 1.1613 USD (1USD = 0.8611GBP)
Rate Margin	4.2%
Other Fees	£0
Total Cost (Rate Margin + Fees)	4.2%
Difference	Get $418 USD less than withOFX
Transfer Speed	1-2 days
BER Rating	2/5.0
Rate Retrieved	06:01 Local - BER

Provider	Citibank
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,588
Exchange Rate	1GBP = 1.1602 USD (1USD = 0.8619GBP)
Rate Margin	4.29%
Other Fees	£12
Total Cost (Rate Margin + Fees)	4.41%
Difference	Get $443 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:01 Local - BER

Provider	Deutsche Bank
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,581
Exchange Rate	1GBP = 1.1698 USD (1USD = 0.8548GBP)
Rate Margin	3.5%
Other Fees	£100.00 GBP (1%)
Total Cost (Rate Margin + Fees)	4.46%
Difference	Get $450 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:01 Local - BER

Provider	Santander
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,531
Exchange Rate	1GBP = 1.1554 USD (1USD = 0.8655GBP)
Rate Margin	4.69%
Other Fees	£20
Total Cost (Rate Margin + Fees)	4.88%
Difference	Get $500 USD less than withOFX
Transfer Speed	2-3 days
BER Rating	2/5.0
Rate Retrieved	06:01 Local - BER

Provider	Lloyds Bank
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,506
Exchange Rate	1GBP = 1.1506 USD (1USD = 0.8691GBP)
Rate Margin	5.08%
Other Fees	£0
Total Cost (Rate Margin + Fees)	5.08%
Difference	Get $525 USD less than withOFX
Transfer Speed	2-3 days
BER Rating	1/5.0
Rate Retrieved	06:01 Local - BER

Provider	Royal Bank of Scotland
FX Type	Foreign Transfer GBP→USD
From Amount (GBP)	£10,000
To Amount (USD)	$11,462
Exchange Rate	1GBP = 1.1578 USD (1USD = 0.8637GBP)
Rate Margin	4.49%
Other Fees	£100.00 GBP (1%)
Total Cost (Rate Margin + Fees)	5.44%
Difference	Get $569 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:01 Local - BER

GBP to USD Exchange Rates

GBP to USD - Compare & Save

Multi-Vendor Quote

Country Guides - Pound Sterling & US dollar

How to get a good GBP to USD Exchange Rate

Reduce Excessive costs and fees

Will the Pound Sterling rise against the US dollar?

Related exchange rates