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    Guernsey - Pound Sterling - Currency Guide

     

    Foreign exchange guide to Guernsey and the Pound Sterling (GBP)

         

    USD/GBP Trend (90-day)

    USD to GBP at 0.7245 has risen 1.2% above its 90-day average, range 0.7038-0.7338.
    |
    1-DAY-0.5%
     

    The below interactive chart displays the USD/GBP trend and UP DOWN HIGH LOW alerts

     
    USD to GBP Currency Trend Chart

    General Currency Info - Pound Sterling

    The British pound (ISO: GBP) is one base unit of sterling – that being the name of Britain's currency – and is subdivided into 100 pence.

    Contributing to around 13% of all foreign exchange deals, the pound, or sterling, is the world’s fourth most traded currency.

    Reputedly, sterling is 1200 years old. It is said that Anglo-Saxon traders used silver pennies in the eighth century called ‘sterlings’, 240 of which would equal one pound in weight.

    Due to its membership of the European Union, Britain could have adopted the euro as its currency upon its introduction in 1999, however the British government opted against this because it wanted to retain monetary policy independence and because it perceived euro adoption as offering only small economic benefits.

    In recent years, the most significant event to affect sterling’s valuation was the UK’s vote to leave the European Union on June 24th 2016 – a day on which the exchange rate for GBP/USD fell by as much as 11%.

    In the past two decades, the pound’s highest valuation against the dollar occurred in November 2007 when GBP/USD reached 2.1161. Its lowest value came in October 2016, three-and-a-half months after the historic ‘Brexit’ vote, when GBP/USD reached 1.1905.

    The British are more focussed on their currency exchange rate than are the citizens of most other countries, along with perhaps the Australians and Canadians. This is may be due to the open and trading nature of the UK economy and also due to their love of travel to the nearby 'continent' and further afield.

       

    GBP Forecasts and Trends

    GBP/USD – closed the week at 1.4160 (1.4210 last week). The Fed’s hawkish shift hit the Pound hard, pushing it 1.6% lower in 2 days. GBP Forecasts

    US dollar to Pound Sterling - Historical Rates

    USD/GBPChangePeriod
    19 Jul 2021
    0.7317
    1.1% 1 Week
    26 Jun 2021
    0.7202
    0.5% 30 Days
    27 Apr 2021
    0.7193
    0.6% 90 Days
    26 Jul 2020
    0.7816
    7.4% 1 Year
    27 Jul 2016
    0.7560
    4.3% 5 Years
    29 Jul 2011
    0.6103
    18.5% 10 Years

    USD/GBP rate change to 26-Jul-2021 → 0.7235

     

    $1,000 USD
    =
    £724.17 GBP

    Converted at USD/GBP interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to GBP - Quick Amounts

    Sell USD   →   Buy GBP
    USD GBP
    $ 1 £ 0.7242
    $ 5 £ 3.6210
    $ 10 £ 7.2420
    $ 20 £ 14.48
    $ 50 £ 36.21
    $ 100 £ 72.42
    $ 250 £ 181.05
    $ 500 £ 362.10
    $ 1,000 £ 724.20
    $ 2,000 £ 1,448
    $ 5,000 £ 3,621
    $ 10,000 £ 7,242
    $ 20,000 £ 14,484
    $ 50,000 £ 36,210
    $ 100,000 £ 72,420
    USD GBP
    $ 1.3809 £ 1
    $ 6.9045 £ 5
    $ 13.81 £ 10
    $ 27.62 £ 20
    $ 69.05 £ 50
    $ 138.09 £ 100
    $ 345.23 £ 250
    $ 690.45 £ 500
    $ 1,381 £ 1,000
    $ 2,762 £ 2,000
    $ 6,905 £ 5,000
    $ 13,809 £ 10,000
    $ 27,618 £ 20,000
    $ 69,045 £ 50,000
    $ 138,090 £ 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Guernsey?

    The domestic currency in Guernsey is the Pound Sterling.

    What is the Pound Sterling currency code and symbol?

    The three letter currency code for the Pound Sterling is GBP — symbol is £.

    Which countries use the Pound Sterling?

    It is the domestic currency in    United Kingdom,   Guernsey,   Isle of Man,   Jersey and South Georgia and South Sandwich Islands.

    Is the Pound Sterling a closed currency?

    No, the Pound Sterling is freely available and convertible. See guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for Guernsey

    The second-largest island in the Channel Islands, Guernsey has gone to great lengths to change its sleepy backwater image, and it's working. Flatter and less dramatic-looking than Jersey, Guernsey has some stunning beaches, particularly along the north coast, rugged cliffs in the south, and a lively, compact capital of St Peter Port.

    There's more to Guernsey than offshore banking and cream teas: there are Neolithic graves, Victorian forts and German fortifications to explore, adventure sports such as coasteering and rock climbing are on the rise, the north coast is excellent for watersports, and St Peter Port lures visitors in with its great dining scene. Like the rest of the Channel Islands, it is not part of the UK, but nonetheless it feels resolutely British. Yet due to its proximity to France and its quirky laws and customs it has a very unique feel to it.

    What currency to use in Guernsey?

    UK currency can be used in Guernsey, but Guernsey's own notes and coins are not accepted outside of Guernsey so make sure you change your currency before leaving. Each ATM will state whether it dispenses British or Guernsey pounds, so if you pay attention you can avoid picking up much local currency if you want to avoid that There are plentiful ATM machines in St Peter Port and at banks in outlying parishes. No VAT is charged on Guernsey.

    How to get around in Guernsey?

    Guernsey is largely flat and a pleasure to cycle around. Numerous rural lanes are designated Ruettes Tranquilles, where the speed limit for cars is 15mph and priority is given to cyclists, and there are designated cycle lanes in town and along the coast. You can rent bicycles from outlets in St Peter Port and also along Guernsey's north coast.

    The bus network covers all the island's parishes and major attractions. A Guernsey sightseeing route, The Guernsey Vaeux (numbers 91, 92, 93), goes all the way around the island, allowing visitors to get off at various attractions. The flat fare is £2 for all journeys of any distance on all routes; children three and under go free, older children pay the flat rate. There is also a range of travel passes: from £4.50 for a one-day pass, to £38 for a seven-day family pass, good for two adults and up to three children.

    Main international car rental outlets have branches at the airport, as does the local Value Rent a Car. Scooters and motorcycles can be rented in St Peter Port. Speed limits on Guernsey vary from 12 to 15mph in town to 25 to 35mph elsewhere. There are many narrow county lanes with passing places and blind corners. In fine weather, motorbiking or scootering around Guernsey is hugely enjoyable, plus parking is easier.

    Travel tips for Guernsey.

    Along with traditional beach pursuits such as swimming, windsurfing and rock-pooling, there has been a growth in adrenalin-fuelled activities such as sunset abseiling, cliff face rock-climbing or coasteering explorations. In an effort to draw more tourists, Guernsey has been attempting to change its traditional image as a somewhat sedate, sleepy backwater, best known for offshore finance and Guernsey cream teas. In the unlikely event you tire of the coast, Guernsey has monuments ranging from eerie Neolithic tombs to Napoleonic towers and World War II bunkers and tunnels − potent reminders that the Channel Islands were the only the parts of the British Isles occupied by German forces.

    Guernsey may be the most densely populated of the Channel Islands but it retains quaint rural lanes, fine sandy beaches and miles of spectacular cliffs in the south. The island has one of the largest tidal movements in the world, with waters retreating twice a day to reveal large expanses of golden sands and lunar-like seascapes, pierced with rocks and reefs.

    Tasty Walks is a series of 20 self-guided walks which make the most of the very best the island has to offer - its stunning scenery and fabulous food. Whether it's the rugged south coast cliff paths, the long sweeping bays of the west or uncovering the historic past of the island's capital, the island has much to offer in just 25 square miles.

     

    Travel money for Guernsey

    Save money and time by Ordering your Pounds Sterling online from Travelex, you get better rates and can pick up the GBP cash locally or even on travel day at the airport.

    Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

    For card purchases if offered a choice of currencies always select to Pay in Pounds Sterling otherwise you may get much worst exchange rates.

     

    Send Money to Guernsey - Best Rates

    To get a good (and fair) exchange rate when sending money to Guernsey you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Guernsey

    When sending money to Guernsey it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Pound Sterling amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted GBP amount will be transfered to the recipient account you specify in Guernsey.

    Use the above Send to Pounds Sterling calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Pounds Sterling deposited into the recipient bank account and less margins and fees kept by the banks!


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