How Do You Convert United States Dollars To British Pounds?
Converting U.S. dollars to British pounds is a matter of checking the daily exchange rate and doing the math. Both currencies are considered “hard,” or stable, currencies and do not fluctuate much from day to day. There can, however, be dramatic fluctuations within a year, so you should check the exchange rates often. Banks calculate exchange rates among all the world’s currencies for the purposes of interbank loans. Use a financial services online site to check the exchange rate. Forex is very reputable and gives real-time exchange rates using the internationally accepted abbreviations for each currency, Great Britain pounds (GBP) and United States dollars (USD). Go to Forex’s currency exchange site (see References) and check the current rates. The rate will be presented in a ratio for how much GBP it costs to buy one USD and how many dollars it will cost to buy one GBP. The GBP has been valued more than the USD for most of the last 50 years, so each USD will buy some fraction of a GB
