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- Definition of GBP. - GBP. stands for Abr. British pound, the main currency of the United Kingdom, its Crown Dependencies (the Isle of Man and the Channel Islands) and the British Overseas Territories of South Georgia and the South Sandwi.How do you convert British pounds to USD?
Convert back to pounds by simply dividing the exchange rate instead of multiplying it. If you want to change pounds back to dollars, simply divide by the exchange rate. Make sure, however, that you're using the GBP → USD conversion rate, and not the USD → GBP rate.Where to exchange currency at the best rates?
The following are some of the best and least expensive places to convert currency: Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.Where is the best place to exchange foreign currency?
Visit a nearby large branch or ask your hotel concierge about the best local banks for exchanging currency. If your bank is affiliated with the foreign bank, such as a PNC branch, you may be able to exchange funds without added fees.