The comparison table above helps you see the total cost of your Wise currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Wise - GBP Rate Margin Analysis
The average GBP rate margin offered by Wise is 0.90%.
This average is based on individual GBP 10K transfer rates in the currency pairs from Wise that we monitor.
Wise - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by Wise for British pound (GBP 10K)
transactions. Margins show the percentage difference from the mid-market rate.
GBP to USD is at 14-day lows near 1.3376, just 0.5% above its 3-month average of 1.331, having traded in a very stable 4.0% range from 1.3019 to 1.3543
Bias: The GBP/EUR pair is currently bullish-to-range-bound, as it is sitting slightly above its 90-day average and within the upper half of its 3-month range.
Bias: Range-bound as GBP/USD hovers near the 90-day average, staying in the middle of the 3-month range.
Key drivers:
- Bank of England rate cuts expected, while the Fed may also cut rates.
- Geopolitical tensions and oil price trends are influencing risk appetite, with the USD generally strengthening in uncertain markets.
- US unemployment is unexpectedly low, supporting the USD.
Range: GBP/USD likely to stay within the recent 3-month range with limited volatility.
What could change it:
- Upside risk: Strong recovery signals from the UK economy could boost GBP.
- Downside risk: A dovish stance from the Fed may weaken the USD.
GBP/USD is range-bound, sitting near the 90-day average. With the Fed & BoE both eyeing rate cuts, expect minimal volatility. Watch for UK economic signals to rally GBP, or Fed's tone to shift the USD
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GBP to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
Wise Send Money conversion rate for GBP to USD?
The Wise GBP to USD exchange rate is 1.332. This is -0.49% compared to the latest GBP-USD mid-market rate 1.3386.
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
Wise - Sterling to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Wise and other foreign exchange providers against the latest GBP-USD mid-rate and the possible savings of using various providers.
How do Wise 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 1.332, -0.49% from the latest mid-market rate 1.3386.
The next best is OFX at 1.3319, -0.5% from the mid-rate.
Then XE at 1.3305, which is -0.61% from the mid-rate.
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 Wise or platforms that offer rates closer to the mid-market rate.