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Monthly Average Converter US Dollar per 1 British Pound Monthly average averageYear 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Graph is being loaded USD US Dollar EUR Euro JPY Japanese Yen GBP British Pound CHF Swiss Franc CAD Canadian Dollar AUD Australian Dollar HKD Hong Kong Dollar Top 30 World Currencies Webmasters Add our free customizable currency converter and exchange rate tables to your site today.

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V (lots) — volume of the position you want to open in lots. Contract — the size of the contract, expressed in units of the base currency. One lot always amounts to 100,000 units of the base currency. Accordingly; 0.1 lots = 0.1× 100,000 = 10,000 units of the base currency, while 0.01 lots = 0.01 × 100,000 = 1,000 units of the base currency. The standard size for a lot is 100,000 units. There are also mini-lots of 10,000 and micro-lots of 1,000. To take advantage of relatively small moves in the exchange rates of currency, we need to trade large amounts in order to see any significant profit (or loss).

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