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British Pound (GBP) to US Dollar (USD) exchange rate

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Buy US Dollars online at The Currency Club today.

Check the Pound to US dollar rate before placing your order as the live real exchange rate updates throughout the day.

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1 GBP = Your exchange rate

What is the mid market rate
The mid market rate is also known as the interbank rate and it is the mid point between the buy and sell prices of a currency pair.
1 GBP = Mid Market Rate

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*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.

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Top Tips for getting the best pound to dollar exchange rate

Firstly, always understand how the GBP/USD exchange rate is displayed.
Most currency exchange specialists will show the rate for one pound is equal to x number of US dollars. Therefore always look for the highest exchange rate as this will tell you most amount of US dollars that you will receive for each pound.

Always check and compare the total cost when buying US Dollars before confirming. Pre-order US Dollars online to achieve a better exchange rate before you get to the airport.
Many bureau de changes and all high street operators include their margin within the GBP/USD rate that they will offer to you. Or they may charge commission and other handling fees on top. This is notoriously common for Airport bureau de change! The best way to get the best value when buying your us dollars is to check carefully the final cost in pounds against the total amount of us dollars that you are buying. Compare and then finalise your purchase.
The Currency Club will always provide you with access to the interbank exchange rate before you confirm our best offered exchange rate allowing you to compare more easily when you purchase us dollars.

Some providers offer better value for larger orders
Always check the amount of US dollars that you are buying and if you are flexible with the amount or are buying us dollars as part of a larger group, then play around with the converters on websites.
When making a currency exchange, The Currency Club will give you a better rate of exchange for the more that you order.

What US dollar denominations can I get

US dollar notes come in a variety of bills, 1,5,10,20,50 and 100 notes. There are still 2 dollar notes in circulation however; they are now much rarer

When ordering your US dollars, make sure you select the denomination preference. Please find below a breakdown of the notes you should expect to receive

Small - mix of 1,5,10 and 20 denomination US dollar bills

Mixed - mix of 1,5,10,20,50 and 100 US dollar bills

Large - mainly 100 US dollar bills

No Preference - a variety of US dollar bills. This is dependent on our inventories at the time your order is placed.

We will always do our best to supply you the US dollar notes of your choice however; we cannot guarantee your preference will be met

Please note that if you are travelling to certain countries where mint US dollar bills, or certain dated US dollar bills are required, we can supply this too at no further cost. Please make sure that you get in contact with a member of our team as soon as you have placed your order with us.

Facts about the US Dollar

The US dollar (often represented by the dollar sign $) is the official currency of the United States of America and is the world's largest traded currency.

The US Dollar was created by the American Constitution and defined by the Coinage Act of 1792. Also known as "buck" in informal term, it is a familiar word dating back to the 18th Century for dollars of various nations, including the U.S. dollar. "buck" is believed to have originated from the colonial fur trade. "Greenback" is another nickname for the US dollar which related specifically to the 19th century Demand Note dollars created by Abraham Lincoln to finance the costs of the Civil War.

Did you know that the early currency of the USA did not exhibit faces of presidents, unlike now? The main reason for this was that George Washington believed that by having his face on the currency, the currency would resemble the European banknotes where monarchs heads were displayed on their local banknotes. US Dollar bank notes continue to be made from cotton fibre paper and U.S dollar coins are produced by the United States Mint.

After World War II and under the Bretton Woods system, the value of the US dollar was thus anchored to the value of gold and fixed to $35 per ounce. Simultaneously, many global economies decided to peg their exchange rates against the US Dollar.

Why do so many economies peg their currency against the US Dollar

Each county has their own rationale in pegging their currency in US dollars. For example, many of the Caribbean islands do so because much of their income is derived in US dollars from tourism. Fixing their exchange rates to the US dollar makes their currency less volatile and simultaneously stabilises their economy. Both in Africa and the Middle East, many countries have pegged against the US dollar. Especially the oil rich nations need the US Economy as a major trading partner for oil, hence the reason for pegging against the US dollar.

US Dollar pegged currencies: If the US Dollar Rate moves the following currencies move too!

Bahraini Dinar

Cuban Peso

Hong Kong Dollar

Jordanian Dinar

Lebanese Pound

Omani Riyal

Qatari Riyal

Saudi Riyal

UAE (United Arab Emirates) Dirham

In 1971, gold convertibility was finally terminated by President Nixon and became a freely floating currency under the careful watch of the Federal Reserve.

View our [GBP/USD] historical exchange rate graph below

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Interbank Rate

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