If you are planning a trip to the United States from Great Britain or if you just returned to the United States from Great Britain, you may have to convert pounds to U.S. dollars. The difficulty with converting money is that the exchange rate between dollars and pounds fluctuates daily. If you need to know what the exchange rate is on a given day, so you can trade in your pounds for dollars, or if you are interested or work, in the world of international financing, converting pounds to dollars is not to difficult using the Internet.
- Skill level:
- Moderately Easy
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Navigate to a currency conversion website. There are many currency conversion websites to choose from, but a good practice is to see if, and when, the website updates its information. The exchange rates are volatile and change frequently, so you want to find a website that updates frequently as well.
Select the option that allows you to convert Great Britain pounds into U.S. dollars. Most websites will use a scrolling menu or a drop-down menu that allow you to choose currencies. Be sure to choose the Great Britain pound, often marked as GBP, as the first currency and the U.S. dollar, often marked USD, as the currency into which the pound will be converted.
Click the button that calculates the conversion. Often this is simply called "Convert," "Go" or "Calculate." Once you click the button the current conversion rate will appear.
Tips and warnings
- If you wish to convert pounds to dollars for use, you can take the pounds to most banks in the United States. It is a good idea to call the bank ahead of time to see if it will change the money over on-site, to make sure it has the correct exchange rate, to see what fees it charges and if it takes foreign coins.
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