USD/GBP at 0.7528, down 2.4% from 3-month avg. Fed's rate hold supports USD but US recession fears loom. Analysts note GBP rally despite new US-UK trade deal & tariffs, as markets adjust BoE rate cut expectations. #forex #USDGBP
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Bank of America at a glance
Bank of America (BOA) is the second-largest consumer bank in the USA after Chase Bank and serves about millions of consumers and small business clients worldwide from its headquarters in Charlotte, North Carolina.
Bank of America is one of the Big Four US banks and holds over 10% of all American bank deposits, in direct competition with JPMorgan Chase Bank, Citigroup, and Wells Fargo.
Cross-border wires with Bank of America
BOA offers international money transfer services that allow customers to send and receive funds from abroad. Customers can initiate a money transfer online or in person at a branch. BOA provides fast and secure international money transfer services however the exchange rates offered for international money transfer services are not the best on the market.
Sending or receiving international transfers to or from your Bank of America bank account will include a margin rate of between 4% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
The BOA app and website allow you to check the FX rate prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
Pay by Bank
Bank of America participates in Pay by Bank, a product that allows mobile uses to buy products online and pay directly from their bank account service in a foreign currency, Pay by Bank does not require a card or card data.
CashPro for Corporates
For businesses making international payments BOA provide the CashPro Platform.
BOA is improving the CashPro API to allow merchants to process payments in an increasing number of different countries. It will connect to seven real-time payment schemes; transfer apps including Zelle in the U.S. and Pix in Brazil; and cross-border wires.
USD to GBP Market Data
US dollar (USD) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell USD →
Buy GBP
USD to GBP at 0.7528 is 2.4% below its 3-month average of 0.7716, having traded in a fairly volatile 8.7% range from 0.7439 to 0.8087
|Tracker
| Date | USD/GBP | Change | Period |
|---|---|---|---|
28 Apr 2025 | 0.7443 | 1.1% ▲ | 2 Week |
11 Feb 2025 | 0.8032 | 6.3% ▼ | 3 Month |
12 May 2024 | 0.7986 | 5.7% ▼ | 1 Year |
13 May 2020 | 0.8171 | 7.9% ▼ | 5 Year |
15 May 2015 | 0.6359 | 18.4% ▲ | 10 Year |
17 May 2005 | 0.5442 | 38.3% ▲ | 20 Year |
What are equivalent amounts of USD and GBP?
Here are some popular conversion amounts for USD to GBP (US dollar to British pound)*.
*Converted at the current USDGBP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for USD to GBP
Recent forecasts and analyst updates signal a mixed outlook for the USD to GBP exchange rate. The US dollar (USD) has gained some strength following the Federal Reserve's decision to maintain interest rates, aiming to evaluate the impact of tariffs before making further policy changes. Analysts note that this stance has buoyed the dollar in recent trading sessions, particularly during European and US market activities. However, the prospect of a potential US recession introduces uncertainty, as any negative signals from Fed officials could exert downward pressure on the dollar.
Read our full review of recent USD to GBP forecasts.
How to get a good USD to GBP exchange rate
There are several ways to save on exchange rates when converting US dollar to British pound:
- Shop around for the best USD/GBP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the USD/GBP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and GBP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying British pound with US dollar, then it's better for the USD/GBP exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to the United Kingdom — a practical currency and money guide to travel in the United Kingdom plus living and doing business with the British pound.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the US dollar rise against the British pound?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/GBP to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
| United States (USD) | United Kingdom (GBP) |  Guernsey (GBP) |
 Isle of Man (GBP) |  Jersey (GBP) |  South Georgia and South Sandwich Islands (GBP) |
Expat and Business Guide to Life in the UK
The United Kingdom (UK) offers a rich blend of historical charm, modern infrastructure, and diverse opportunities, making it an attractive destination for expatriates and business professionals alike. Here's a comprehensive guide to help you settle in and thrive in the UK.
Read more at our United Kingdom (GBP) country guide
Related exchange rates
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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