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Best Exchange Rates

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Foreign Transfers from the United Kingdom

Use our comparison table to find the best exchange rates for foreign transfers from the United Kingdom versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
£GBP
$USD

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
6,457.5 USD
Best Overall
1.2915£0^0.72%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
6,454 USD
3.5 USD less
1.290800.78%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
6,478.5 USD
21 USD more
1.295700.4%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
6,470.68 USD
13 USD more
1.3009£260.52%Bank Transfers - Online1-2 days
 
Currencies Direct logo
6,451 USD
6.5 USD less
1.290200.82%Bank Transfers - Online & Phone1-2 days
HSBC logo
6,321.5 USD
136 USD less
1.2662£7.52.81%Online, Branch, Bank Transfers2-3 days
 
Natwest Bank logo
6,286.58 USD
171 USD less
1.2611153.35%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
6,257.94 USD
200 USD less
1.2546123.79%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
6,258 USD
199 USD less
1.2554153.79%Online, Branch, Bank Transfers2-3 days
 
Santander logo
6,222.01 USD
235 USD less
1.2494204.34%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
6,202.59 USD
255 USD less
1.2455204.64%Online, Branch, Bank Transfers2-3 days
 
CurrencyFair logo
Your amount above the CurrencyFair GBP3000 maximum
NaN USD less
 
OFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2915 (0.72% from mid-rate)
USD amount:6,457.5 USD
Total Cost:0.72%
Time:
Rate Fetched: Fri Feb 22 2019 10:10:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2908 (0.78% from mid-rate)
USD amount:6,454 USD
Total Cost:0.78%
Difference:
3.5 USD less than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
WorldFirst: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2957 (0.4% from mid-rate)
USD amount:6,478.5 USD
Total Cost:0.4%
Difference:
21 USD more than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
TransferWise: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£26 GBP (0.5% + £1)
Exchange Rate:1.3009 undefined
USD amount:6,470.68 USD
Total Cost:0.52%
Difference:
13 USD more than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Currencies Direct: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.2902 (0.82% from mid-rate)
USD amount:6,451 USD
Total Cost:0.82%
Difference:
6.5 USD less than using OFX
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.3/5.0
Reviews:
HSBC: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.2662 (2.67% from mid-rate)
USD amount:6,321.5 USD
Total Cost:2.81%
Difference:
136 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Natwest Bank: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.2611 (3.06% from mid-rate)
USD amount:6,286.58 USD
Total Cost:3.35%
Difference:
171 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Citibank: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.2546 (3.56% from mid-rate)
USD amount:6,257.94 USD
Total Cost:3.79%
Difference:
200 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo

Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.2455 (4.26% from mid-rate)
USD amount:6,258 USD
Total Cost:3.79%
Difference:
199 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Santander: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.2494 (3.96% from mid-rate)
USD amount:6,222.01 USD
Total Cost:4.34%
Difference:
235 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
Lloyds TSB: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.2455 (4.26% from mid-rate)
USD amount:6,202.59 USD
Total Cost:4.64%
Difference:
255 USD less than using OFX
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
CurrencyFair: Foreign Transfer GBP→USD
GBP amount:£5,000 GBP
Fee:GBP 7.5 (0.15%)
Transfer Speed:1 day
Services:Bank Transfers - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the UK by the FCA for the provision of payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

1 GBP = 1.2991 USD

This is the current GBP-USD mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market GBP-USD exchange rate.

3 Month Chart
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Currency news and forecasts for British Pound Sterling and United States Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the GBP vs USD, you should pay attention to both British Pound Sterling and United States Dollar news and forecasts.

British Pound Sterling (GBP) - Market news and forecasts

20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Currency News and Forecasts - British Pound Sterling

Japan Allows Fintech Payments Specialists to Compete with Banks
Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates