The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent (¢) units. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). The U.S. dollar is commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain (24.1 g) pure or 416 grain (27.0 g) standard silver. It is the currency most used in international transactions and is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries only use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U.S. coins that can be used as payment in U.S. dollars, such as the Susan B. Anthony dollar. After Nixon shock of 1971, USD became fiat currency.
GBP British Pound exchange rates
The pound sterling (symbol: £; ISO code: GBP [Great Britain Pound]), commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception. The British Crown dependencies of Guernsey and Jersey produce their own local issues of sterling: the "Guernsey pound" and the "Jersey pound". The pound sterling is also used in the Isle of Man (alongside the Manx pound), Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value. Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies it forms the basket of currencies which calculate the value of IMF special drawing rights, with an 11.3% weighting as of 2011 (USD 41.9%, Euro 37.4%, Yen 9.4%). Sterling is also the third most-held reserve currency in global reserves (about 4%).
The 1 USD to GBP mid market rate, (a.k.a 1 US Dollar to British Pound mid market rate) is derived from the mid-point between the "buy" and "sell" rates from global currency markets.
USD US Dollar to GBP British Pound exchange rate chart analysis
A market-based 1 USD to GBP exchange rate will change whenever the values of either of the two component currencies change (In this case, it's 1 US Dollar and British Pound). US Dollar will tend to become more valuable whenever demand for it is greater than the available supply. US Dollar will become less valuable whenever demand is less than available supply (this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency).
USD US Dollar to GBP British Pound news trends analysis
US Dollar does not have news for trends analysis.
British Pound does not have news for trends analysis.
USD US Dollar to GBP British Pound Wikipedia trends analysis
Wikipedia trends analysis
Wikipedia trends analysis
USD US Dollar to GBP British Pound Google trends analysis
US Dollar does not have a Google keyword for analysis.
British Pound does not have a Google keyword for analysis.
Disclamer: USD US Dollar to GBP British Pound converter is provided to give you some guidence about how to convert USD US Dollar to GBP British Pound into other currencies based on the exchange rates today. You might need to find local forex traders to do the actual conversion.
USD US Dollar vs GBP British Pound ratings
Disclamer: USD US Dollar vs GBP British Pound ratings are calculated by comparing USD US Dollar and GBP British Pound's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with other currencies in the world. Generally speaking, the bigger the hexagon is, the higher USD US Dollar vs GBP British Pound ratings should be on the internet!