Find the best places to exchange US dollar to Great British Pound.
You can get a better deal and save when you compare USD to GBP exchange rates. Click the button or scroll down to our table to see a list of cheap, safe and easy providers who can transfer money from US dollar into Great British Pound.
The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities. Do your research and find the best time to exchange dollars to pounds in 2019.
Great British Pound
The British pound sterling is the official currency of the United Kingdom and the fourth-most-traded currency in the world. Unlike the majority of European countries, the UK declined to adopt the euro in 1999, and the pound continues to be an important currency benchmark for many nations.
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US dollar to Great British Pound over the last 10 years
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Compare today’s rates from providers who can send USD (Dollar) to GBP (Pound)
How does the US dollar trade against the Great British Pound historically?
From late 2002 onward, the burst of the dot-com bubble and high levels of mortgage debt weakened the US dollar. This lead to steady losses against the pound until it reached $2.09 against the pound in early November 2007. At the same time, the mortgage crisis pushed the value of the US dollar lower relative to many other major currencies.
Soon after, global financial difficulties spread to the UK. Its economy suffering, the government implemented a quantitative easing program to increase the supply of money and stimulate the economy. This prompted a drop in value for the pound against the US dollar and most other major currencies, with the US dollar experiencing a sharp spike $1.36 per pound by January 2009.
Despite the reasonably steady performance of the pound, analysts are concerned by the effect of rising debt in the UK on the economy. When Moody’s downgraded the UK’s debt rating in 2013, it was the first time ever the UK had suffered a downgrade.
Not long after, the US economy began to enjoy a sustained period of recovery and then growth. With improving employment figures, higher domestic production of commodities and a rise in levels of consumer confidence, the dollar rose in value against major currencies around the world, climbing to $1.49 against the pound in the first half of 2015.
What affects USD to GBP exchange rates?
On the heels of ‘Brexit’, Britain’s decision to leave the EU on June 23, 2016 the British pound fell dramatically. Just one day later, the pound suffered its steepest one-day fall to close at $1.36. Fears over a possible UK recession further brought the pound to a 31-year low — a larger drop than during the financial global crisis of 2008.If the pound continues to depreciate, UK’s central Bank of England may be forced to intervene by purchasing more pounds or raising interest rates. Such a move could affect homeowners in the UK. In the GBP’s steepest one-day fall, the pound closed at 1.36 USD on Friday, 24 June 2016.
Experts are unable to predict what the future holds in the global markets. The UK is the world’s fifth-largest economy, and it’s also a strong US trading partner. While the UK’s unprecedented decision to leave the EU has triggered a stronger dollar, the US economy could feel negative repercussions of Brexit.
Market rate for common transfer amounts USD to GBP
Charlie Barton is a publisher at Finder. He specialises in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach.
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