The very latest UK Sterling (GBP) to US Dollar (USD) foreign exchange rates, including our popular “best transfer rate” and our unique “seven day average rate”.
(Note: Exchange rates are updated 09.00 GMT daily – Monday to Friday)
If your looking to transfer money into or out of the US dollar then you will probably be keeping an eye on the latest foreign exchange rates.
The Latest Foreign Exchange Rates for the US Dollar Against Major Currencies
You will see from the latest foreign exchange rates that there are BUY AT and SELL AT figures quoted.
These rates are calculated by obtaining the latest actual currency exchange interbank rates (the foreign exchange rates as used by banks to trade currencies on the global market) and adding or taking away a 1 percent margin to obtain an accurate idea of what your money would exchange as of today. Compare the very latest foreign currency exchange services: Click Here
Foreign Exchange Rates – Bid to Ask Prices and Spreads
These are the actions that every foreign exchange trader needs to know when he buys or sells foreign currencies on the international market.
The Currency Bid Price
The foreign exchange currency bid is the price at which investors are prepared to buy a certain currency pair for. This is the price that is set for the selling of the trader’s base currency.
The Currency Ask Price
The ask price is the price at which the currency market is willing to sell a currency for. This is the price that is set for the buying of the currency pair by a foreign exchange trader.
The Currency Bid to Ask Spread The bid to ask spread is the difference between the bid and the ask price, or the amount by which the ask price is larger than the bid price. This is the difference between the highest figure the buyer is willing to buy the currency and the lowest price the seller is willing to sell it. For example, if the bid price is $1.00 and the ask price is $1.10, then the bid to ask spread of the currency would be $0.10.
Keeping Track with Foreign Exchange Rates – The Easy Way
Use a professional foreign currency exchange service provider. Many specialist providers have a round the clock client phone service where you will be able to call for the latest live exchange rates and find out how much your transactions will be worth when transferred. Most foreign exchange service providers can set up an account for you, free of charge.