Q:

What is a USD to GBP money exchange chart?

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Quick Answer

A United States dollar to British pound money exchange chart is a visual representation, typically a line graph, of the foreign exchange currency rate between the USD and GBP. Such charts can easily be found online on websites, such as XE.com, that display up-to-date exchange rates between the two currencies and the pair's currency exchange history that goes as far back as 10 years, notes XE.com.

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Full Answer

As of July 2015, the U.S. dollar ranks as the top currency used in world payments, while the British pound is ranked third, notes SWIFT.com. Along with the euro, the U.S. dollar and British pound consistently rank among the top currencies used in world payments.

Foreign currency exchange rates may vary according to the financial institution listing them, as these companies may use different variables in determining the rates. Bank of America, for example, factors in variables such as the exchange rates charged by other parties, desired rates of return, market risk and credit risk, states BankofAmerica.com.

The U.S. dollar to British pound exchange rate chart on XE.com displays live, mid-market rates as of 2015. The chart is interactive and displays rates for the previous 12 hours, 24 hours, one week, one month and one year to as far back as 20 years.

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