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Best Exchange Rates

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Compare GBP to USD foreign transfers

Save with best rates & low fees on United States Dollar foreign transfers versus the Banks

 

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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

This calculator compares exchange rates for GBP to USD international money transfers. You can also compare GBP to USD travel money rates or use our quick and easy GBP to USD currency converter instead.

Currency news and forecasts for British Pound Sterling and United States Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison 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.