British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

1 British Pound to US Dollar Exchange rates Chart

1 British Pound to US Dollar
1 GBP to USD exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 British Pound to US Dollar Exchange rates FAQs

What is 1 GBP to USD?

The meaning of 1 GBP to USD is to exchange 1 British Pound to US Dollar by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. We are offering inter-market exchange rates to convert 1 GBP to USD in the chart below.

Who can convert 1 GBP to USD?

Anyone with 1 British Pound can find a local bank or a bureau de change to convert into US Dollar . However, if neither GBP nor USD is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why we are offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 1 GBP to USD?

Due to the nature of the forex market, the exchange rates for 1 GBP to USD is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 1 GBP to USD?

Most likely you are traveling and want to get some US Dollar cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 1 British Pound to US Dollar. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to exchange 1 GBP to USD?

Usually you can find a local bank, post office or bureau de change to exchange 1 GBP to USD. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why we are doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of US Dollar you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to convert 1 GBP to USD?

Use the tool we provided here to find the best exchange rates for 1 GBP to USD. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 1 British Pound in hand then exchange the cash you want in store or online. It's just that simple with no fees or commissions from us!

1 British Pound to US Dollar Exchange rates Table

Exchange GBP to USD
1 British Pound = 1.248 US Dollar
2 British Pound = 2.497 US Dollar
5 British Pound = 6.242 US Dollar
10 British Pound = 12.484 US Dollar
Exchange British Pound to US Dollar
1 GBP to USD cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 GBP to USD at A&S Foreign Exchange Inc

1 GBP to USD at A&S Foreign Exchange Inc
1 British Pound = 1.180 US Dollar
A&S Foreign Exchange Inc
A&S Foreign Exchange Inc

About Us Best rate, for any of our services We have been in the business of Foreign Currency Exchange for more than 25 years. Our solid commitment of keeping the best rate around has helped us create the best asset any business aspires to have: our customer's loyalty. Stop by, try any of our services, and rest assure, you'll leave with the satisfaction of having made good business in the capital of the world. Currency Exchange Buying of travelers' checks Our Services We are lucky to service...

A&S Foreign Exchange Inc in New York City

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1 GBP to USD at LA Currency

1 GBP to USD at LA Currency
1 British Pound = 1.206 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not charge fees for foreign currency exchange transactions. The foreign currency exchange rates found on our website are modified to reflect the precise value of each currency in real-time. By visiting our website, you may find out how much USD you will get for your foreign currency or how much USD you will need to purchase a particular foreign currency. Please make sure to refresh the browser frequently as real-time foreign exchange rates constantly...

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1 British Pound to US Dollar Currency converter