Current USD-GBP mid-market exchange rate

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Today's USD-GBP commentary

During the last 14 days period, we can observe a very important change of 2.35% between the maximum value of USD 1 = GBP 0.7894 recorded last Wednesday and the lowest level of USD 1 = GBP 0.7708 we saw on August 7. In spite of all these variations, the actual USD-GBP mid-market is just now in the vicinity of its average level of the last weeks. Converting USD 1,500 at today's interbank exchange rate gives you GBP 1,175, while it was equal to as much as GBP 1,184 last Wednesday but only GBP 1,156 on August 7.

USD Profile

Name: United States dollar

Symbol: $

Minor Unit: 1/100 Cent

Central Bank: Federal Reserve Bank

Country(ies): United States, American Samoa

Rank in the most traded currencies: #1

GBP Profile

Name: Pound sterling

Symbol: £

Minor Unit: 1/100 penny

Central Bank: Bank of England

Rank in the most traded currencies: #4

Key facts about USD - GBP

The US dollar and British Pound are two of the top four most traded currencies in the world. According to the Bank of International Settlements, an average of over five trillion USD and GBP are traded on a daily basis.

The US dollar is sometimes referred to as the greenback, while the British Pound is also referred to as the Pound Sterling or Sterling.

The USD is issued by the Federal Reserve Bank, which is the central bank of the United States of America. It is the official currency of the USA. The GBP is issued by the Bank of England, which is the central bank of England. It is the official currency of England.

The most commonly used denominations of USD that are issued are $1, $5, $10, $20, $50, while for the GBP they are £5, £10, £20, £50. The smallest unit of the US dollar is called a ‘cent’, while for the Pound, the smallest unit is called a ‘penny’.

Both the USD and GBP enjoy a low inflation rate of 0.10%.