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    Isle of Man - Pound Sterling - Currency Guide

     

    Foreign exchange guide to Isle of Man and the Pound Sterling (GBP)

         

    USD/GBP Trend (90-day)

    USD to GBP at 0.7192 is just above its 90-day average, range 0.7038-0.7338.
    |
    4-DAY-1.5%1d
    30-DAYLOW1d
     

    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
    23 Jul 2021
    0.7270
    1.1% 1 Week
    30 Jun 2021
    0.7232
    0.6% 30 Days
    01 May 2021
    0.7237
    0.6% 90 Days
    30 Jul 2020
    0.7625
    5.7% 1 Year
    31 Jul 2016
    0.7570
    5% 5 Years
    02 Aug 2011
    0.6143
    17.1% 10 Years

    USD/GBP rate change to 30-Jul-2021 → 0.7192

     

    $1,000 USD
    =
    £719.17 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 £ 0.7192
    $ 5 £ 3.5960
    $ 10 £ 7.1920
    $ 20 £ 14.38
    $ 50 £ 35.96
    $ 100 £ 71.92
    $ 250 £ 179.80
    $ 500 £ 359.60
    $ 1,000 £ 719.20
    $ 2,000 £ 1,438
    $ 5,000 £ 3,596
    $ 10,000 £ 7,192
    $ 20,000 £ 14,384
    $ 50,000 £ 35,960
    $ 100,000 £ 71,920
    USD GBP
    $ 1.3905 £ 1
    $ 6.9525 £ 5
    $ 13.91 £ 10
    $ 27.81 £ 20
    $ 69.53 £ 50
    $ 139.05 £ 100
    $ 347.63 £ 250
    $ 695.25 £ 500
    $ 1,391 £ 1,000
    $ 2,781 £ 2,000
    $ 6,953 £ 5,000
    $ 13,905 £ 10,000
    $ 27,810 £ 20,000
    $ 69,525 £ 50,000
    $ 139,050 £ 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Isle of Man?

    The domestic currency in Isle of Man 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 Isle of Man

    The Isle of Man is a totally underrated little island – like a mini version of mainland Britain, with all of its different landscapes on a small scale. The Manx scenery rivals that of the Lake District and Highlands but it doesn’t have the volume of tourists, which makes it much better.What you'll find here is beautiful scenery in the lush valleys, barren hills and rugged coastlines. In 2016 Unesco designated the Isle of Man a biosphere reserve (one of five in the UK), marking it out as one of the most beautiful spots in Britain to enjoy nature. That bucolic charm is shattered during the world-famous Tourist Trophy (TT) motorbike racing season, which attracts 50,000 punters every May and June. Needless to say, if you want a slice of silence, avoid the high-rev bike fest.

    Getting around in the Isle of Man.

    Located in the south of the Island, the Isle of Man only airport - Ronaldsway – is regularly serviced by a bus route to bring you to the town or village where you wish to stay. Alternatively, you can call for a taxi or hire a car straight from the airport to get to your destination. If you decide to travel to the Isle of Man by sea, you can come by foot or by car. The Steam Packet Company operates regular ferry services to the Island from Heysham, Liverpool, Birkenhead, Dublin and Belfast using two reliable vessels – the 96-metre wave piercing catamaran, Manannan, or the conventional Ben-my-Chree.

    Taxis can also be found in the majority of the main towns and villages in the Island, giving you complete control of where you want to go without having to rely on fixed schedules. There’s an extensive bus network - Bus Vannin – that serves the whole Island on a regular basis including Ronaldsway Airport and the Sea Terminal in Douglas.The Isle of Man Steam Railway, Manx Electric Railway and Snaefell Mountain Railway are a fun way to explore the Island’s impressive landscape and heritage sites. It is the longest narrow gauge steam line in Britain that still uses its original locomotives and carriages which will carry you through the charming countryside between the Island’s capital and a range of destinations in the south.

    Travel tips for the Isle of Man.

    There is an irony to the fact that Isle of Man is not part of the UK, yet it is the only location in the British Isles from which you can see all the UK’s constituent parts – on clear days, England, Wales, Scotland and Northern Ireland are visible from the 2,037ft Snaefell, reached via the Snaefell Mountain Railway.

    Niarbyl (meaning ‘the tail’ in Manx) is a craggy, rocky beach with a really good café overlooking it on the edge of a cliff. As you might expect, the views are amazing from the café. But the food is top notch too, including fresh local crab. Try and get the table upstairs for the full-on sea view. They have local bottled beer, but you have to ask for it

     

    Travel money for Isle of Man

    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 Isle of Man - Best Rates

    To get a good (and fair) exchange rate when sending money to Isle of Man 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 Isle of Man

    When sending money to Isle of Man 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 Isle of Man.

    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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