What is the
PayPal Send Money conversion rate for USD to GBP?
The PayPal USD to GBP exchange rate is 0.7048. This is -3.7% compared to the latest USD-GBP mid-market rate 0.7318.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to British pound (GBP) rates from different sources before making a conversion.
The above
PayPal - Dollar to Sterling comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
PayPal and other foreign exchange providers against the latest USD-GBP mid-rate and the possible savings of using various providers.
How do PayPal USD-GBP rates compare between providers?
Looking at the full
USD to GBP - Send Money comparison table the provider with the best USD to GBP exchange rate is OFX at 0.7281, -0.51% from the latest mid-market rate 0.7318.
The next best is XE at 0.7274, -0.6% from the mid-rate.
Then Wise at 0.727, which is -0.66% from the mid-rate.
The Western Union rate is 0.7244 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 0.68 at -7.1% the Wells Fargo Bank rate is 0.6756 at -7.7% and the Citibank rate is 0.7092 at -3.1% compared to the mid-rate 0.7318.
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
or platforms that offer rates closer to the mid-market rate.