Under the gold standard of currency exchange that existed from 1879 to 1914,an ounce of gold cost $20.67 in U.S.dollars and £4.2474 in British pounds.Therefore,the exchange rate of pounds per dollar under this fixed exchange regime was: September 22, 2022 by 8i9x6 £4.8665/$. £0.2055/$. always changing because the price of gold was always changing. unknown because there is not enough information to answer this question. See Answer £0.2055/$.