London Questions Exchange Rates

Question. Can you explain the two different rates for the Dollar? One is a buy rate and one is a sell rate, I want to change $250 to British Pounds.

The Rates Published are from a bureau De change called Thomas Exchange based in London they are factual transaction rates. The buy rate, means they will buy from you $250 at 1.6099 or 250 /1.6099 this would return 

155.28 British pounds and pence.

The sell rate is for people with British Pounds wishing to purchase Dollars 1 British Pound equals 1.5546 Dollars.

Please note that Currency exchange rates do fluctuate and the rates may differ from those quoted today.