•  
  1. Exchange Rates
  2. U.S. dollar (USD)
  3. British pound sterling (GBP)

Convert USD to GBP at Best Exchange Rates

1 U.S. dollar equals
British pound sterling 1USD=GBP

There are three simple steps you need to take in order to get a good USD-GBP exchange rate:

  1. Know the latest USD to GBP market mid-rate shown above - this is your starting point!
  2. Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the U.S. dollar and British pound sterling currencies, if available.

1. Market USD/GBP mid-rate

Right now the USD/GBP market rate is and represents how many British pound sterling you can get for one U.S. dollar.

Calculate equivalent currency amounts with this USD to GBP currency converter then select the transaction type to compare the best exchange rates available.


Currency Converter USD to GBP

$
£
1 USD equals
GBP 1USD=GBP

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
1 Week USD/GBP Chart
USD-GBP 1 Week chart

U.S. dollar to British pound sterling (USD-GBP) - 10 Year History

DateExchange RatePeriodChange
20 Jun 20180.7573Latest
13 Jun 20180.74731 Week+1.34%
21 May 20180.74451 Month+1.72%
22 Dec 20170.74866 Months+1.16%
20 Jun 20170.79171 Year-4.35%
20 Jun 20160.68112 Years+11.19%
21 Jun 20130.64785 Years+16.9%
22 Jun 20080.505810 Years+49.72%

The USD/GBP mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / GBP was traded (bought or sold) in the international markets.

The closer your final exchange rate is to the market / midrate the better deal you are getting.

2. Transaction Costs - Margins and Fees for USD/GBP Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

USD to GBP Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from USD to GBP.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to GBP

OFX logo OFX (prev. USForex)
1USD=0.7562GBP
£7562.00 GBP (0.53%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: £7562.00 GBP
Exchange Rate: 0.7562
(Inverse 1GBP=USD 1.3224)
Fees: USD 0
Total Cost : 0.53% (from mid-rate: 0.7602)
This is the amount of money that could be received by your transfer at rate USD/GBP=0.7562 and inclusive of the fee of USD 0.
Rate timestamp : Thu Jun 21 2018 05:03:15 GMT+0000 (UTC)
Bank Rates - Average
1USD=0.7335GBP
£7324.00 GBP (3.66%)
This is the average USD to GBP International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: £7324.00 GBP
Exchange Rate: 0.7335
(Inverse 1GBP=USD 1.3633)
Fees: USD 15
Total Cost : 3.66% (from mid-rate: 0.7602)
Receive GBP £238 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/GBP=0.7335 and inclusive of the fee of USD 15.

Travel Money USD to GBP - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying GBP Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=0.6911GBP
£691.10 GBP (9.09%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: £691.10 GBP
Exchange Rate: 0.6911
(Inverse 1GBP=USD 1.4470)
Fees: USD 0
Total Cost : 9.09% (from mid-rate: 0.7602)
Amount of money that could be received by your currency exchange at rate USD/GBP=0.6911 and inclusive of the fee of USD 0.
Rate timestamp : Thu Jun 21 2018 05:00:04 GMT+0000 (UTC)
Bank Rates - Average
1USD=0.6652GBP
£658.55 GBP (13.37%)
This is the average USD to GBP Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: £658.55 GBP
Exchange Rate: 0.6652
(Inverse 1GBP=USD 1.5033)
Fees: USD 10 (1%)
Total Cost : 13.37% (from mid-rate: 0.7602)
Receive GBP £33 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/GBP=0.6652 and inclusive of the fee of USD 10 (1%).

Getting a good market rate is mainly about timing however 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 comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same USD/GBP market rate I see on Google or in the Media?

When you look up the current U.S. dollar to British pound sterling exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

USD to GBP mid-rate on google

USD to GBP mid-rate on google search

Getting a great USD to GBP mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our USD to GBP currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific U.S. dollar cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for U.S. dollar and British pound sterling

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 is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the USD vs GBP, you should pay attention to both U.S. dollar and British pound sterling news and forecasts.

U.S. dollar (USD) - Market news and forecasts

It was a fine run for the dollar during the six-week period ending May 25th – the day of this report. The Dollar Index never looked back after breaking from a pocket of congestion in the final week of April. The index ended this period achieving a six-month high of 94.3. The dollar benefited from higher US yields.

Against individual currencies, within this timeframe the dollar was impressive against the euro, which fell to buy only 1.165 dollars, from levels near 1.24; against the pound, which fell to buy 1.33 dollars, from 1.44; and against the New Zealand dollar, which fell to 0.69 from 0.738.

A warning on the dollar’s medium-term outlook was offered in May by Citibank. The bank argues that downward pressure on the dollar will resume because Washington’s planned fiscal spending will cause a further deterioration in the US’ twin deficits. The dollar might have 5 percent downside over 6-12 months and 10 percent downside in the long run, a Citi analyst said.

In the coming month, supporting the dollar against growth-sensitive currencies, which include CAD, AUD, NZD, SEK, NOK, SGD and most of the emerging market currencies, will be developments surrounding global trade. In May, trade tensions resurfaced after the US Commerce Department announced it would investigate automobile imports. In 2018, Washington had already announced tariffs on aluminium and steel imports, angering much of the rest of the world.

British pound sterling (GBP) - Market news and forecasts

The pound will buy 1.41 dollars in the second half of 2019, according to the median estimate of 50 FX analysts polled by Reuters in June – a rate 5 percent higher than those at the time of writing (June 8th) near 1.34 dollars.

If the forecast proves accurate, this would mean that by the time Britain leaves the European Union next March, it will have recouped most of its post-Brexit losses. Britain’s currency averaged 1.45 dollars in the six-months leading up to the EU referendum in June 2016.

Results from the Reuters poll suggest that most analysts expect Britain to achieve a good divorce deal with the EU.

However, expectations are lower than they once were. In April, when a rate hike by the Bank of England seemed imminent, the twelve-month median forecast of analysts stood at 1.44. Expectations for a rate hike were shattered (now expected in August) after BoE Governor Mark Carney gave dovish remarks to the BBC and after a string of disappointing economic data, including quarterly UK economic growth at just 0.1 percent – a five-year low.

Against the euro, sterling was little changed between September ‘17 and June ’18 (it was marginally higher), at levels close to 1.14 euros.


Best Exchange Rates - Compare & Save

Compare exchange rates from trusted & regulated FX brands