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GBP to USD - Exchange Rates Guide

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

 
 

GBP/USD exchange rate (wholesale):

1 GBP = 1.2623 USD

Sell GBP / Buy USD 

 
GBP to USD chart and trends
ALERT:14-DAY HIGHS |
GBP/USD at 1.2622 was trading 1.6% above AVG:1.2426 with LO:1.2083 and HI:1.2747 (90 days). ALERT: GBP/USD rose to 14-DAY HIGHS.

Pound Sterling to US Dollar - Quick Conversions

GBP USD
£ 1 U$ 1.2623
£ 5 U$ 6.3115
£ 10 U$ 12.62
£ 20 U$ 25.25
£ 50 U$ 63.12
£ 100 U$ 126.23
£ 250 U$ 315.58
£ 500 U$ 631.15
£ 1,000 U$ 1,262
£ 2,000 U$ 2,525
£ 5,000 U$ 6,312
£ 10,000 U$ 12,623
£ 50,000 U$ 63,115
£ 100,000 U$ 126,230
More amounts
GBP USD
£ 0.7922 U$ 1
£ 3.9610 U$ 5
£ 7.9220 U$ 10
£ 15.84 U$ 20
£ 39.61 U$ 50
£ 79.22 U$ 100
£ 198.05 U$ 250
£ 396.10 U$ 500
£ 792.20 U$ 1,000
£ 1,584 U$ 2,000
£ 3,961 U$ 5,000
£ 7,922 U$ 10,000
£ 39,610 U$ 50,000
£ 79,220 U$ 100,000
More amounts

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.

 
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Pound Sterling and US Dollar Forecasts

The success or failure of post Brexit negotations will dominate GBP trends and forecasts in 2020.  Read GBP to USD Forecast

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 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 rateChangePeriod
03 Jul 2020 : 1.24831.1% ▲1 Week
10 Jun 2020 : 1.27120.7% ▼30 Days
11 Apr 2020 : 1.24471.4% ▲90 Days
11 Jul 2019 : 1.25210.8% ▲1 Year
12 Jul 2015 : 1.550518.6% ▼5 Years
13 Jul 2010 : 1.514916.7% ▼10 Years
GBP/USD 10 year historic rates & changes to 10-Jul-2020 : 1.2622
 

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