What is the
best Send Money conversion rate for GBP to USD?
The best GBP to USD exchange rate is 1.3483 from Wise. This is -0.45% compared to the mid-market rate 1.3544.
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
Regions Bank - Sterling to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Regions Bank and other foreign exchange providers against the latest GBP-USD mid-rate and the possible savings of using various providers.
How do Regions Bank GBP-USD rates compare between providers?
Looking at the
full comparison table
the best GBP to USD exchange rate is 1.3483 from Wise, -0.45% from the mid-market rate 1.3544. The next best rate is 1.3476 from OFX, -0.5% from the mid-rate. Then Currencies Direct with 1.3474 is -0.52% from the mid-rate.
The Western Union rate is 1.3409 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.2852 at -5.1% the Royal Bank of Scotland rate is 1.2934 at -4.5% and the Barclays Bank rate is 1.307 at -3.5% compared to the mid-rate 1.3544.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Regions Bank 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.
Compare GBP to USD Transfer Rates