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USD to GBP - Rate Guide

United States Dollar to British Pound Sterling exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD/GBP update & alerts

1 USD = 0.7683 GBP

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USD to GBP - Trading Range (90 Day)
14-DAY HIGH (5d)
USD/GBP at 0.7684 is trading 0.5% below the 90-day average 0.7723 with a range 0.7493 to 0.8193. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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USD/GBP Exchange Rates and Providers Compared

This guide to the United States Dollar to British Pound Sterling exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to GBP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our USD/GBP Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/GBP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to GBP International Money Transfers

  

Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee USDTotal CostDeal Links
XE logo
£7,587
Best Overall
0.758701.25%
OFX logo
£7,622
£35 more
0.76220^0.79%
Wells Fargo Bank logo
£7,370.71
£216 less
0.7384184.06%
HSBC logo
£7,365.93
£221 less
0.7377U$154.13%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
£7,321
£266 less
0.7364154.71%
Bank of America International Money Transfers
Bank of America logo
£7,273.53
£313 less
0.7347U$1005.33%
U.S. Bank International Money Transfers
U.S. Bank logo
£7,273.53
£313 less
0.7347U$1005.33%
 
XE logo
XE: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.7587 (1.25% from mid-rate)
To Amount (GBP) £7,587
Total Cost:1.25%
Time:18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.7622 (0.79% from mid-rate)
To Amount (GBP) £7,622
Total Cost:0.79%
Difference:
£35 GBP more than using XE
Time:
Rate Fetched: 18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.7384 (3.89% from mid-rate)
To Amount (GBP) £7,370.71
Total Cost:4.06%
Difference:
£216 GBP less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.7377 (3.98% from mid-rate)
To Amount (GBP) £7,365.93
Total Cost:4.13%
Difference:
£221 GBP less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.7332 (4.57% from mid-rate)
To Amount (GBP) £7,321
Total Cost:4.71%
Difference:
£266 GBP less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7347 (4.37% from mid-rate)
To Amount (GBP) £7,273.53
Total Cost:5.33%
Difference:
£313 GBP less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7347 (4.37% from mid-rate)
To Amount (GBP) £7,273.53
Total Cost:5.33%
Difference:
£313 GBP less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount GBP(£)Exchange RateFee USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
£665.58
Compare
0.6723U$1013.37%
 
Banks - Average Rate
Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.6723 (12.5% from mid-rate)
To Amount (GBP) £665.58
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/19/2020 - See full table

USDGBP blended flags

USD and GBP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the USD vs GBP, you should pay attention to the recent market trends for both currencies.

United States Dollar (USD)

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

Read more in the article USD Forecasts.

 

British Pound Sterling (GBP)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

Why can't I just get the USD/GBP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / GBP was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

USDGBP blended flags

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all USD Exchange Rates