GBP to USD Converter

This GBP to USD converter turns British pounds into US dollars (and back) at the European Central Bank reference rate. At the ECB reference rate of October 9, 2026, 1 GBP = 1.322 USD, so 100 British pounds is about $132.20 and $100 is about £75.64. Below you will find conversion tables, the math, and what banks really charge.

If you convert between other pairs too, the general Currency Converter covers 30 currencies in one tool, and the Euro to Dollar Converter handles the other big transatlantic pair.

The formula: pound to dollar and back

Converting currency is a single multiplication or division. The ECB publishes each rate against the euro; the converter divides the ECB's pound rate by its euro-dollar rate (1.1206 dollars per euro on October 9, 2026) to get 0.756407 pounds per US dollar. From there:

Dividing by 0.756407 is the same as multiplying by its reciprocal, about 1.322 dollars per pound. Worked example: £250 ÷ 0.756407 = $330.51, and $250 × 0.756407 = £189.10. Unlike a unit conversion such as kilograms to pounds, this factor is not fixed: it moves with the foreign exchange market every trading day. Every worked figure on this page uses the labeled ECB rate of October 9, 2026 so you can follow the math; the tool itself shows the date of the rate it is using.

GBP to USD conversion table

Common amounts in both directions, all at the ECB reference rate of October 9, 2026 (1 GBP = 1.322 USD):

The left pair converts pounds to dollars; the right pair reads the other way at the same reference rate. The converter's own table shows the same layout at whatever rate it has loaded.

How to use this converter

1. Enter an amount: it starts at 100, and quick-amount buttons (1, 10, 50, 100, 500, 1,000) load common values in one tap.
2. Check the direction: the page opens with GBP as the From currency and USD as the To currency; the swap button reverses them instantly.
3. Read the result: the big figure is your converted amount, with the exchange rate and its inverse shown underneath.
4. Check the rate card: it tells you whether you are seeing the built-in ECB rate of October 9, 2026 or a newer daily ECB rate that loaded when the page opened, and names its date.
5. Compare a quote: tick "Use my own exchange rate" and type the rate your bank or transfer service offers; the tool shows how much less you get than at the reference rate.
6. Scan the table: a conversion table for 1 to 1,000 units in both directions updates with every change.

You can also pick any of 30 currencies in the dropdowns, so the same page answers pound-to-euro or dollar-to-yen questions on the side.

The reference rate vs. the rate your bank gives you

This distinction is worth real money. The ECB reference rate is a mid-market rate: a daily snapshot of the market price between buying and selling, published for information. The ECB states that using the rates for transaction purposes is strongly discouraged, and nobody exchanges your vacation money at it.

When you actually convert pounds and dollars, two costs appear:

• The spread (exchange-rate margin): your bank, card network, or transfer service builds its profit into the rate itself, giving you a rate slightly worse than mid-market. The size of that margin varies widely by provider and channel; airport currency desks tend to be the widest.
• Explicit fees: many US credit and debit cards add a foreign transaction fee as a percentage of each purchase made in pounds or with a foreign merchant, and money transfer services may charge a fixed or percentage transfer fee on top of their rate.

The honest way to compare offers is to work out the total dollars received (or spent) for the same pounds, then measure the gap against the mid-market reference rate this page shows.

What you actually get: the cost of the spread

The table below shows what a pound amount is worth at the plain mid-market reference rate (ECB, October 9, 2026), and what you would receive if a provider's combined rate margin and fees added up to 1%, 3%, or 5% of the amount. These are illustrative fee scenarios, not the prices of any real provider; actual costs vary by service, channel, and amount:

On a £5,000 transfer, the difference between a 1% and a 5% total cost is $264.41 at the October 9, 2026 reference rate: real money for a few minutes of comparison shopping. That is exactly why knowing the mid-market baseline matters, and why the converter lets you type a provider's rate to see its cost.

Sending money between the US and the UK: your disclosure rights

If you send money abroad from the United States through a bank or money transfer provider, federal consumer law is on your side. Under the remittance transfer rules in Regulation E, Subpart B, enforced by the CFPB, providers that offer remittance transfers in the normal course of business generally must disclose before you pay: the exchange rate they will apply, the fees and taxes they impose, and the amount the recipient is expected to receive (the recipient's own bank fees or foreign taxes can still reduce it). You are also generally entitled to a receipt, the right to cancel within 30 minutes of paying (as long as the money has not been picked up or deposited), and error-resolution rights if you report a problem within 180 days of the disclosed date of availability. The practical upshot: a US provider must show you the real all-in numbers up front, so you can hold its offer against the mid-market reference rate from this page before committing.

For travelers: cash, cards, and the DCC trap

Visiting the UK from the US (or the reverse), you will convert money constantly. Three rules cover most of it:

• Prefer card payments in the local currency. Card networks typically convert at rates based on wholesale currency markets, which tend to sit much closer to mid-market than cash exchange desks. Check whether your card adds a foreign transaction fee before you travel.
• Decline dynamic currency conversion (DCC). When a London card terminal or ATM offers to charge you in US dollars "for convenience," the merchant's payment provider converts at its own rate, which often includes a markup. The official interpretation of Regulation Z says your card issuer does not have to disclose a fee the merchant adds when it performs the conversion itself, and your issuer's own foreign transaction fee can still apply. As an illustration, if a DCC markup came to 5%, a £120 purchase would cost about $166.58 instead of the $158.64 mid-market equivalent (ECB reference rate, October 9, 2026).
• Exchange cash sparingly. If you want some pounds in hand, compare the desk's all-in rate against the reference rate here first, and avoid airport counters, which tend to have the widest spreads.

For online shoppers: UK prices in dollars

Buying from a UK shop that prices in pounds? Convert the sticker price to see the dollar cost before checkout: a £75 item is about $99.15 at the October 9, 2026 reference rate. Then remember the extras that the converter cannot see: your card's foreign transaction fee (if any), possible import duties or carrier brokerage charges on physical goods shipped to the US, and the fact that your card statement will use the network's rate on the settlement date, not necessarily the rate on the day you clicked buy. If a UK site offers to charge your card in dollars at its own converted price, compare that price against the mid-market conversion here: it is the same DCC decision travelers face at the till.

For freelancers and businesses invoicing across the Atlantic

US freelancers billing UK clients in pounds (or UK contractors billing in dollars) live with this rate on every invoice. Practical points:

• Quote the invoice currency deliberately. Whoever invoices in their own currency pushes the exchange-rate risk to the other side. If you invoice in pounds, your dollar income moves with the rate between invoice date and payment date.
• Mind the receiving cost. The spread and fees on incoming international payments are just as real as on outgoing ones; compare what lands in your account against the mid-market value of the invoice.
• Keep the conversion records. For US bookkeeping and taxes you will need the dollar value of each pound amount on the relevant date; the IRS section below explains which rates the IRS accepts.

IRS yearly average GBP rates for US tax returns

A US tax return must be filed in US dollars, so income or expenses in pounds have to be translated. The IRS has no official exchange rate: it generally accepts any posted rate used consistently, and in general you translate a foreign amount at the spot rate in effect when you receive, pay, or accrue it. For income received evenly through the year, the IRS publishes yearly average exchange rates, expressed as foreign currency units per 1 US dollar. These are the IRS figures for the British pound:

To use the table the IRS way, divide the pound amount by the yearly average rate to get dollars. Example: a US freelancer who earned £25,000 spread across 2024 would report 25,000 ÷ 0.783 = $31,928.48. The reverse (dollars to pounds) is a multiplication by the same rate. The IRS also lists the Treasury's exchange rates and the Federal Reserve's releases among governmental sources of posted rates. Always check the current IRS table before filing.

When the rate updates, and what happens on weekends

The European Central Bank publishes its euro foreign exchange reference rates once per working day, usually around 16:00 CET, except on TARGET closing days. The rates are based on a daily concertation procedure between central banks across Europe, which normally takes place around 14:10 CET. This converter turns those euro-based figures into US-dollar terms, deriving pairs such as GBP/USD through the dollar. Two practical consequences:

• One fixing per day. The reference rate is a daily snapshot, not a market ticker. The interbank rate keeps moving around the clock on trading days; the reference rate summarizes it once daily.
• Weekends and TARGET holidays show the last working day's rate. If you load this page on a Saturday, the newest available rate is Friday's fixing, and the rate card shows its date so there is no ambiguity.

A U.S. benchmark for comparison: the Federal Reserve Board's H.10 release of October 5, 2026 lists a noon buying rate in New York of $1.3234 per pound for October 2, 2026 (H.10 quotes the pound in dollars per pound). That is within about 0.1% of the ECB figure above; small gaps between benchmarks are normal because they are taken on different days and at different times. For converting a shopping price or estimating a transfer, a daily reference fixing is exactly the right level of precision, and this page makes no rate predictions of any kind.

Key terms explained

• GBP / pound sterling: the official currency of the United Kingdom, symbol £. "Sterling" is the currency's formal name; "pound" is the unit.
• Mid-market (reference) rate: the midpoint between buy and sell prices on the interbank market, the fairest single number for a currency's value, and what this page shows.
• Spread / margin: the difference between the mid-market rate and the rate a provider actually gives you; it is a cost even when a service advertises "no fees."
• Foreign transaction fee: a percentage some US cards add to purchases made in a foreign currency or with a foreign merchant, separate from the exchange rate itself.
• Dynamic currency conversion (DCC): the offer to be charged in your home currency abroad, converted at the merchant provider's rate. Decline it.
• Remittance transfer: in US consumer law, an electronic transfer of money sent abroad by a consumer through a provider, the transaction type covered by Regulation E's disclosure rules.

Related converters

The pound-dollar pair is one of several this site covers with the same converter: the Euro to Dollar Converter for EUR/USD, the USD to CAD Converter for Canadian dollars, and the USD to INR Converter for Indian rupees, or use the full Currency Converter for any of 30 currencies in one place. For physical units rather than money (weights, lengths, temperatures), the Unit Converter is the right tool: unlike an exchange rate, those factors never change.

Sources

• European Central Bank: Euro foreign exchange reference rates (published around 16:00 CET each working day, for information purposes).
• Federal Reserve Board: Foreign Exchange Rates (H.10), release of October 5, 2026 (noon buying rates in New York).
• Internal Revenue Service: Yearly average currency exchange rates and Foreign currency and currency exchange rates.
• Consumer Financial Protection Bureau: Sending money to another country: disclosures, cancellation, and problems, and Regulation E, 12 CFR 1005.31 (remittance disclosures).
• Consumer Financial Protection Bureau: Regulation Z, 12 CFR 1026.4 and official interpretation 4(a)-4 (foreign transaction fees and merchant currency conversion).
• Bank for International Settlements: Triennial Central Bank Survey of foreign exchange turnover, April 2025.