What is the
CurrencyFair Send Money conversion rate for GBP to USD?
The CurrencyFair GBP to USD exchange rate is 1.3546. This is -0.8% compared to the latest GBP-USD mid-market rate 1.3655.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to US dollar (USD) rates from different sources before making a conversion.
The above
CurrencyFair - Sterling to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
CurrencyFair and other foreign exchange providers against the latest GBP-USD mid-rate and the possible savings of using various providers.
How do CurrencyFair GBP-USD rates compare between providers?
Looking at the full
GBP to USD - Send Money comparison table the provider with the best GBP to USD exchange rate is Wise at 1.3594, -0.45% from the latest mid-market rate 1.3655.
The next best is OFX at 1.3587, -0.5% from the mid-rate.
Then Currencies Direct at 1.3584, which is -0.52% from the mid-rate.
The Western Union rate is 1.3519 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.287 at -5.7% the Royal Bank of Scotland rate is 1.2952 at -5.1% and the Barclays Bank rate is 1.3178 at -3.5% compared to the mid-rate 1.3655.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like CurrencyFair or platforms that offer rates closer to the mid-market rate.