The best British Pound to US Dollar exchange rate of the year to date (past 365 days) was 1.5016 achieved on 2016-06-24.
Today's exchange rate is at 1.2794, this is 14.8% off the best exchange rate of the past year-to-date.
The best British Pound to US Dollar rate of the last month (last 30 Days to date) was at 1.3047, today's conversion is 1.95% off that rate.
International payments are conducted at exchange rates that are discretionary - your provider buys currency off the wholesale inter-bank markets and then sells it on to you at a rate of their choosing.
The rate is therefore set by your payment provider and the consumer must be aware huge sums are at stake.
The varying rates are illustrated in the above tool which takes the latest wholesale market rates available and subtracts the spread levied by various providers:
What our tool does is arrive at the retail US dollar exchange rates that are available to consumers via a representative sample of the various currency providers that exist.
You will see these rates are highly discretionary and the higher the spread charged, the less currency you get.
So the worst US dollar rates you see are great for the provider as the difference ends up in their pockets.
By being tighter on the spreads offered RationalFX deliver you more currency and by doing so hope to attract custom away from the traditional and larger players.
In addition, RationalFX are able to offer personally assigned dealers that are reactive to market moves.
An independent provider also allows you to set up hedging strategies to take advantage of beneficial rate movements.