exchange rate $ to pound

https://www.ricksteves.com/travel-tips/money/cash-machine-atm-tips

ATM transactions made with bank-issued debit cards come with various
fees. Your bank may levy a flat $2–5 transaction fee each time you use
an out-of-network ATM, and/or may charge a percentage for the currency
conversion (1–3 percent), on top of Visa and MasterCard’s 1 percent
fee for international transactions.

https://www.oanda.com/currency/converter/
You will have to determine what your financial institution charges or marks up. My credit union adds the 1% Visa fee to the Interbank rate as a separate line item on my foreign exchange ATM withdrawals.

You don't "exchange" dollars for pounds at an ATM, You withdraw money from your bank which is changed to Pounds during the .01 seconds it takes for the computers to complete the transaction and dispenses the amount of Pounds you requested. The exchange rate is whatever it is at the time of the transaction. Millions of Pounds and Dollars are being exchanged in any given second, 24-7. Your 200 Pound request from the Edinburgh ATM is just a small drop in that continuous river of money. The cost of doing this is a fraction of a percent.

Unless that is, you are foolish enough to accept dynamic currency exchange, in which case they will tell you exactly how many dollars are being extracted for your account, with the bank quoting an exchange rate which allows them to make a bit more money from you. And if your bank charges 3% currency exchange fee, that will come out of your account, and if your bank charges an out-of-network fee, add that on as well. But that is between you and your bank. If that is the case, get a new bank.

The exchange rate at an ATM is set by the network that handles your card - generally Cirrus or Plus. It will always be within 1% or a little less of the Interbank rate at that time. The exchange rate changes minute by minute - not unlike the stock market - it goes up or down depending on a lot of factors. But the cheapest and most convenient way to obtain local currency will be via a debit card at locally bank owned ATM. Always !!!!!

appreciate you all taking time to reply. i already knew what was said i have traveled and "purchased" currency locally many times. just curious as to the moment. frank your info closest and most helpful thank you

As stated in previous posts this information is available from your US bank, not the local ATM where you make a withdrawal.

For example, if your card is issued by Visa this might be the exchange rate used. But you need to ask your bank what they use.

https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html/

So this is an interesting point for me on a business front. I work for a UK publishers and we price our books in GBP and USD. Wholesalers and Amazon buy from us in either location--NY or the UK. There are a range of factors that go into the decision to buy in the UK over the US, but right now the exchange rate is such that it is better to buy in the UK and ship to the US than buy locally. We price our books at 1.25% of the UK price whenever we can to try an get them to buy here. It's been a fascinating issue to watch and try to cope with as a sales manager.

So, I would say that in today's market I really wouldn't worry about it too much. You are getting a good deal to travel in the UK right now.

Pam

The rate today will probably be different from the rate tomorrow. But according to official exchange rates it's $1.247 to the pound. Figure about $1.25 or a penny more for reality.

Of course it will cost more if your bank adds fees.

It's been 1.25 or there abouts since Brexit. Believe me, I know. My sales figures reflect it. :{

Pam