Find the daily exchange rates for USD/GBP and for all the top World currencies.
Today 1 US Dollar is worth 0.80656 GBP while 1 United Kingdom Pound is worth 1.23983 USD.
US Dollar / United Kingdom Pound ratio is the value of the US Dollar in United Kingdom Pound.
USD/GBP thus refers to the exchange rate of the US Dollar in United Kingdom Pound, ie the value of the American currency expressed in English currency.
The notation used is USD / GBP, but there are others, such as USDGBP or USD-GBP. The symbol for USD can be written $.
The symbol for GBP can be written £.
USD to GBP Exchange Rates Table
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The US Dollar (USD) is used as the main currency in the following countries: Bonaire, British Indian Ocean Territory, East Timor, Ecuador, El Salvador, Marshall Islands, Saba, Sint Eustatius, Turks and Caicos Islands, United States
The United Kingdom Pound (United Kingdom Pound) is used as the main currency in the following countries: South Georgia and the South Sandwich Islands, Guernsey, Isle of Man, Jersey, United Kingdom
The GBP - British Pound Sterling - is the official currency of the United Kingdom, which includes England, Scotland, Wales, and Northern Ireland. It is one of the oldest currencies still in use today, dating back over 1,200 years. The British Pound is symbolized by '£' and abbreviated as 'GBP,' which stands for 'Great British Pound.' The Pound is subdivided into 100 smaller units called 'pence.' Often referred to simply as 'Sterling,' the GBP is one of the world’s most widely traded currencies, reflecting the United Kingdom’s significant role in global finance and trade.
The origins of the British Pound date back to Anglo-Saxon England, where the term 'pound' referred to the weight of silver used in minting coins. The name 'Sterling' is thought to have originated from the Old Norman French word 'esterlin,' meaning 'little star,' which was stamped on early coins. Over the centuries, the British Pound has evolved, adapting through various forms and monetary systems, including the adoption of the gold standard in the 19th century, and eventually becoming a free-floating currency in the 1970s.
The Pound Sterling is managed by the Bank of England, the central bank of the United Kingdom, which was established in 1694. The Bank of England is responsible for issuing banknotes and regulating the currency’s supply to ensure economic stability. The bank also sets interest rates and controls monetary policy to manage inflation and support economic growth. The UK’s financial stability, combined with London’s status as a leading global financial center, makes the Pound an attractive currency for international investors and a major reserve currency alongside the US Dollar and the Euro.
The British Pound is issued in both coin and banknote forms. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 pence, as well as 1 and 2 Pounds. Banknotes are issued in denominations of 5, 10, 20, and 50 Pounds. Each banknote features portraits of notable British figures, including Sir Winston Churchill, Jane Austen, and JMW Turner, as well as historical landmarks such as Westminster Abbey and the Tower of London. In recent years, the Bank of England has transitioned to polymer banknotes, which are more durable, environmentally friendly, and resistant to counterfeiting compared to traditional paper notes.
The British Pound is a free-floating currency, with its value determined by the foreign exchange market. The Pound’s value can be influenced by a variety of factors, including monetary policy decisions by the Bank of England, political developments, and economic indicators such as GDP growth, unemployment rates, and inflation. In recent years, significant political events like the Brexit referendum in 2016 have had a notable impact on the Pound’s value, reflecting market reactions to changes in the UK’s economic outlook and trade relationships.
The Pound Sterling is used throughout the United Kingdom and its territories, providing a stable medium of exchange for residents and businesses. It is also accepted in some British Overseas Territories and Crown Dependencies, such as Gibraltar, the Falkland Islands, and the Isle of Man, each of which issues its own version of the Pound. Tourists visiting the UK will find the Pound essential for all transactions, from exploring historic sites like Buckingham Palace and Edinburgh Castle to shopping in London’s bustling markets and enjoying the countryside of Wales and Northern Ireland.
As one of the world’s most established currencies, the British Pound remains a symbol of the UK’s economic heritage, stability, and influence. The UK’s robust financial sector, rich history, and status as a leading global economy contribute to the Pound’s enduring strength and significance. The GBP continues to serve as a vital part of the international financial system, and its role as both a reserve currency and a global trading currency underscores the UK’s ongoing importance in world finance and trade.
The USD - United States Dollar - is the official currency of the United States of America, the world's largest economy. The Dollar is symbolized by '$' and abbreviated as 'USD,' and it is subdivided into 100 smaller units called 'cents.' The US Dollar is not only the most widely used currency in the United States but is also considered the world's primary reserve currency. As the standard unit of currency for global trade and financial transactions, the US Dollar plays a crucial role in the international financial system, reflecting the economic power and influence of the United States.
The United States Dollar has a rich history, dating back to 1792 when it was established by the Coinage Act. The term 'dollar' originated from the Spanish 'dólar,' which in turn was derived from the Dutch word 'daalder,' referring to a type of silver coin used in Europe. The introduction of the Dollar helped create a standardized monetary system for the newly formed United States, replacing the diverse colonial currencies and promoting economic cohesion across the young nation. Since its inception, the US Dollar has become a symbol of stability and trust, supported by the strength of the American economy and its global influence.
The Federal Reserve, often referred to as 'the Fed,' is the central bank of the United States, established in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve is responsible for issuing the US Dollar and setting monetary policy to manage inflation, stabilize prices, and promote economic growth. The Fed plays a key role in regulating interest rates, overseeing the banking system, and ensuring the stability of the Dollar both domestically and internationally. The US Dollar is a free-floating currency, with its value determined by market forces based on supply and demand in the foreign exchange market.
The US Dollar is issued in both coin and banknote forms. Coins are available in denominations of 1, 5, 10, 25, and 50 cents, as well as 1 Dollar. Banknotes are issued in denominations of 1, 2, 5, 10, 20, 50, and 100 Dollars. Each banknote features portraits of prominent historical figures, such as George Washington, Thomas Jefferson, and Abraham Lincoln, reflecting the legacy and leadership of those who played key roles in shaping the United States. The reverse sides of the banknotes include iconic national symbols, such as the Great Seal of the United States and significant landmarks. The banknotes are designed with advanced security features, including watermarks, color-shifting ink, and 3D security ribbons, to prevent counterfeiting.
The United States Dollar is widely accepted not only across the United States but also internationally, serving as the dominant currency for global trade, investment, and reserve holdings. Many countries around the world use the US Dollar as an official or unofficial currency, and it is often used for transactions in countries experiencing high inflation or economic instability. The Dollar's stability, liquidity, and widespread acceptance make it a preferred currency for international business transactions and cross-border investments. The value of the US Dollar is influenced by a wide range of factors, including economic data, Federal Reserve policies, political events, and global trade dynamics.
The US Dollar is used for all types of transactions within the United States, from everyday purchases at grocery stores and restaurants to major business deals and real estate transactions. Tourists visiting the United States will use the Dollar for their travel expenses, including exploring famous attractions such as the Statue of Liberty, the Grand Canyon, Times Square, and the Golden Gate Bridge. The Dollar serves as both a practical currency for daily life and a symbol of American economic strength, resilience, and the nation's global influence.
Despite facing challenges over the years, including economic recessions, periods of inflation, and global financial crises, the United States Dollar has remained a stable and trusted currency. The resilience of the US economy, its strong institutions, and the Federal Reserve's monetary policies have helped maintain confidence in the Dollar. As the United States continues to lead in innovation, technology, and global trade, the US Dollar will remain an essential part of the international financial system, representing economic stability, opportunity, and leadership. The Dollar embodies the economic might of the United States and its role as a cornerstone of the global economy.