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USD/GBP - Convert Compare Save

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.

 

This resource page for the United States Dollar to British Pound Sterling exchange rate, has news, forecasts and USD to GBP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

USD/GBP Exchange Rates - How to Compare & Save

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.

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee USDTotal CostDeal Links
XE logo
8,042 GBP
Best Overall
0.804201.25%
OFX logo
8,079 GBP
37 GBP
0.80790^0.8%
Wells Fargo Bank logo
7,808.92 GBP
233 GBP
0.7823184.11%
HSBC logo
7,803.28 GBP
239 GBP
0.7815$154.18%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7,756 GBP
286 GBP
0.7801154.77%
Bank of America International Money Transfers
Bank of America logo
7,705.17 GBP
337 GBP
0.7783$1005.39%
U.S. Bank International Money Transfers
U.S. Bank logo
7,705.17 GBP
337 GBP
0.7783$1005.39%
 
XE: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:
Exchange Rate:0.8042 (1.25% from mid-rate)
GBP amount:8,042 GBP
Total Cost:1.25%
Time:12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8079 (0.8% from mid-rate)
GBP amount:8,079 GBP
Total Cost:0.8%
Difference:
37 GBP more than using XE
Time:
Rate Fetched: 12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.7823 (3.94% from mid-rate)
GBP amount:7,808.92 GBP
Total Cost:4.11%
Difference:
233 GBP less than using XE
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.7815 (4.04% from mid-rate)
GBP amount:7,803.28 GBP
Total Cost:4.18%
Difference:
239 GBP less than using XE
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.7767 (4.63% from mid-rate)
GBP amount:7,756 GBP
Total Cost:4.77%
Difference:
286 GBP less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7783 (4.43% from mid-rate)
GBP amount:7,705.17 GBP
Total Cost:5.39%
Difference:
337 GBP less than using XE
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7783 (4.43% from mid-rate)
GBP amount:7,705.17 GBP
Total Cost:5.39%
Difference:
337 GBP less than using XE
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/25/2019 - 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
U.S. Bank Foreign Currency
U.S. Bank logo
762.30 GBP
Compare
0.762306.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
754.68 GBP
7.62 GBP
0.7623$107.33%
Wells Fargo Bank logo
747.05 GBP
15 GBP
0.7623$208.27%
Travelex Online US logo
744.10 GBP
18 GBP
0.74410^8.63%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.7623 (6.4% from mid-rate)
GBP amount:762.30 GBP
Total Cost:6.4%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.7126 (12.5% from mid-rate)
GBP amount:754.68 GBP
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.7623 (6.4% from mid-rate)
GBP amount:747.05 GBP
Total Cost:8.27%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7441 (8.63% from mid-rate)
GBP amount:744.10 GBP
Total Cost:8.63%
Time:
Rate Fetched: Sun Aug 25 2019 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

USD to GBP interbank exchange rate = 0.8144

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on USD/GBP exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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 has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

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

Read more in the article USD Forecasts.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

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