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Compare GBP to USD foreign transfers

Use our comparison table to find the best exchange rates for United States Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
£GBP
$USD

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Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
6,398 USD
Best Overall
1.2796£0^0.75%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TorFX logo
6,391.5 USD
6.5 USD
1.278300.85%Bank Transfers - Online & Phone1-2 days
HSBC logo
6,263.59 USD
134 USD
1.2546£7.52.84%Online, Branch, Bank Transfers2-3 days
 
Natwest Bank logo
6,228.76 USD
169 USD
1.2495153.38%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
6,200.58 USD
197 USD
1.2431123.81%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
6,201 USD
197 USD
1.2438153.81%Online, Branch, Bank Transfers2-3 days
Santander International Money Transfers
 
Santander logo
6,164.74 USD
233 USD
1.2379204.37%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
6,145.82 USD
252 USD
1.2341204.66%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2796 (0.75% from mid-rate)
USD amount:6,398 USD
Total Cost:0.75%
Time:
Rate Fetched: Thu Apr 25 2019 18:09:09 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2783 (0.85% from mid-rate)
USD amount:6,391.5 USD
Total Cost:0.85%
Difference:
6.5 USD less than using OFX
Time:20:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.2546 (2.69% from mid-rate)
USD amount:6,263.59 USD
Total Cost:2.84%
Difference:
134 USD less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.2495 (3.09% from mid-rate)
USD amount:6,228.76 USD
Total Cost:3.38%
Difference:
169 USD less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.2431 (3.58% from mid-rate)
USD amount:6,200.58 USD
Total Cost:3.81%
Difference:
197 USD less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.2341 (4.28% from mid-rate)
USD amount:6,201 USD
Total Cost:3.81%
Difference:
197 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.2379 (3.99% from mid-rate)
USD amount:6,164.74 USD
Total Cost:4.37%
Difference:
233 USD less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.2341 (4.28% from mid-rate)
USD amount:6,145.82 USD
Total Cost:4.66%
Difference:
252 USD less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the GBP-USD mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market GBP-USD exchange rate.

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

Update 14-April: The pound hovered between US$1.30 and US$1.31 (in line with 3-month averages) after the EU granted the UK a Brexit extension until the end of October. No-deal risk is gone for now and anything is possible, including a new British prime minister, a general election and/or second referendum.

Experts at MUFG said in April that sterling would likely trade between US$1.30 and US$1.34 until more clarity emerged.

If an election is called, the pound could depreciate to US$1.24, a UBS analyst said, due to “heightened uncertainty” (the opposition Labour party is consistently ahead in the polls).

Goldman Sachs said in April that sterling was set for a “big finish” (higher) once the gridlock in the UK parliament ends and a deal is agreed and certainty found.

Earlier this year, currency analysts at HSBC estimated that the pound would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 if Brexit is cancelled.

United States Dollar (USD) - Market news and forecasts

In the final week of April, the Dollar Index smashed through a major resistance point at 97.70 and broke towards a 2-year high of 98.25. The index was up 2 percent year-to-date and was 11 percent higher than 2018’s low.

2019’s dollar gains have come chiefly at the expense of the euro, the Swiss franc and the Swedish krona, which all trade at or near multi-year lows. USD is also inflicting pain on the Australian dollar and other important currencies.

The greenback’s 2019 strength has come in spite of a dovish turn by the Federal Reserve, which said in March it expects no interest rate increase this year. Fortunately for dollar holders, the rest of the world has problems and many other central banks have also turned dovish, removing any incentive for selling USD.

Scotiabank admitted defeat in April when it said that the dollar was likely to be “stronger for longer.” It had long held a bearish view on the dollar.

Bloomberg Research warned in April of potential for a large dollar move, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in April at a 5-year low.