Establish the current exchange rate by visiting one of the provided resources. It is important to use the most up-to-date information available due to the volatility of the market.
Multiply the exchange rate times the number of British Pound you wish to convert -- in this case eight. Example: 8 x .62053 = 4.96424 = $4.96
Check your work by dividing the the answer by the exchange rate that you used for the conversion. If you arrive at your original number of British pounds, which is eight in this example, then you have properly done your work.