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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 = 0.7741 GBP

USD to GBP - Trading Range (90 Day)
14-DAY LOW (3d)
90-DAY TREND: At 0.775 USD/GBP is trading 2.7% below the average 0.7969 with a range 0.7701 to 0.8288. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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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
£7,644
Best Overall
0.764401.25%
OFX logo
£7,679
£35 more
0.76790^0.8%
Wells Fargo Bank logo
£7,463.54
£180 less
0.7477183.58%
HSBC logo
£7,458.8
£185 less
0.747U$153.65%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
£7,413
£231 less
0.7456154.24%
Bank of America International Money Transfers
Bank of America logo
£7,364.61
£279 less
0.7439U$1004.86%
U.S. Bank International Money Transfers
U.S. Bank logo
£7,364.61
£279 less
0.7439U$1004.86%
 

XE logo

XE: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.7644 (1.25% from mid-rate)
To Amount (GBP) £7,644
Total Cost:1.25%
Time:0:00 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:0.7679 (0.8% from mid-rate)
To Amount (GBP) £7,679
Total Cost:0.8%
Difference:
£35 GBP more than using XE
Time:
Rate Fetched: 0:00 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:0.7477 (3.41% from mid-rate)
To Amount (GBP) £7,463.54
Total Cost:3.58%
Difference:
£180 GBP less than using XE
Time:0:00 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:0.7470 (3.5% from mid-rate)
To Amount (GBP) £7,458.8
Total Cost:3.65%
Difference:
£185 GBP less than using XE
Time:0:00 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:0.7424 (4.1% from mid-rate)
To Amount (GBP) £7,413
Total Cost:4.24%
Difference:
£231 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:0.7439 (3.9% from mid-rate)
To Amount (GBP) £7,364.61
Total Cost:4.86%
Difference:
£279 GBP less than using XE
Time:0:00 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:0.7439 (3.9% from mid-rate)
To Amount (GBP) £7,364.61
Total Cost:4.86%
Difference:
£279 GBP less than using XE
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/21/2019 - 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
Travelex Online US logo
£733.00
Best Overall
0.7330^5.31%
U.S. Bank Foreign Currency
U.S. Bank logo
£724.60
£8.4 less
0.724606.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
£717.36
£16 less
0.7246U$107.33%
Wells Fargo Bank logo
£710.11
£23 less
0.7246U$208.27%
 

Travelex Online US logo

Travelex Online US: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.733 (5.31% from mid-rate)
To Amount (GBP) £733.00
Total Cost:5.31%
Time:
Rate Fetched: Fri Nov 22 2019 00:00:06 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.7246 (6.39% from mid-rate)
To Amount (GBP) £724.60
Total Cost:6.39%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.6773 (12.5% from mid-rate)
To Amount (GBP) £717.36
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.7246 (6.39% from mid-rate)
To Amount (GBP) £710.11
Total Cost:8.27%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 11/21/2019 - 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 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)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

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.

Earlier in the year the pound was the worst-performing major currency by some margin. 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.

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