Locate the currency exchange rate for the British pound (GBP) and U.S. dollar (USD). The exchange rate is specific to these two currencies and changes daily. Find the exchange rate in your local newspaper, financial newspapers, financial websites, or a bank. Use the following process with the Bloomberg business website: Click on "Market Data." Scroll down or click on "Currencies." View the currency exchange rate for GBP to USD. For example, the number may be 1.5358. This is your conversion rate or conversion number.
Use the conversion rate to translate pounds into dollars. Multiply the number of British pounds by the conversion rate to get the number of dollars. For example, 15 British pounds multiplied by a conversion rate of 1.5358 equals $23.04. Use the exact conversion number, as rounding up or down changes the amount of currency. For example, if you round up the conversion rate to 1.54, your conversion yields $23.10 instead of $23.04.
Use an online currency converter as an alternative method for translating pounds into dollars. Many websites, such as OANDA.com, offer currency converters. Enter the number of pounds and the site will automatically calculate the number of dollars.
