About converting British pound to US dollar
Pound–dollar is one of the oldest and most traded currency pairs. The rate here is worked out from the European Central Bank’s euro rates for the pound and the dollar on the same day: dollars per euro divided by pounds per euro.
UK sellers on US marketplaces, American visitors to Britain and anyone pricing a contract in both currencies can use it as a quick reference.
Banks and exchange companies add a margin to the mid-market rate shown here, and some charge a fixed fee as well. Compare the final amount received, not just the headline rate.
How the GBP to USD rate is worked out
Rates are stored per euro, so every pair is a cross rate through the euro, and the inverse is 1 divided by the rate. Major currencies use the European Central Bank’s euro reference rates; others, such as the Pakistani rupee and Gulf currencies, use the open-source currency-api feed, linked through the US dollar. The working box under the result shows the sum with today’s numbers.
The rate is a mid-market reference for information only. For a transfer, compare the amount the recipient receives with two or three providers. For any other pair, use the full currency converter.