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    Currency in Jersey – Pound Sterling GBP

    A practical foreign exchange and currency guide to Jersey

    What currency is used in Jersey?

    The official currency of Jersey is the Pound Sterling, with symbol £ and currency code GBP.

    Things to know about the 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.


    What the Pound Sterling looks like?




    Pound Sterling – Markets & Rates

    1 GBP = 1.2471 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.2489 is 3.6% below its 90-day average 1.2955 with range 1.2197-1.3602.
      1 USD = 0.8019 GBP

    Pound Sterling - Trend & Outlook

    In mid May the GBP/USD exchange rate dropped below 1.22 after the Federal Reserve raised interest rates combined with the continuing impact of the Ukraine war on commodity prices.

    The UK central bank raised rates by 25bps contrasting with the rate hike of 50bps by the US Federal Reserve. In conclusion, the BoE’s (UK bank) gloomy economic forecasts increased pressure on Sterling.

     GBP-USD Forecasts

    The pound hit a 3-Year LOW in mid May near 1.22 against the greenback (1 USD = 0.81 GBP) — on the bleak outlook for the UK economy and after the Federal Reserve started its long anticipated increase of interest rates.

    Also hanging over the head of the pound is the thread of a EU-UK trade war over Brexit.

     GBP Outlook

    05 May 2022
    0.9% 2 Week
    18 Feb 2022
    8.2% 3 Month
    19 May 2021
    11.6% 1 Year
    20 May 2017
    4.3% 5 Year
    21 May 2012
    21.1% 10 Year
    24 May 2002
    14.3% 20 Year
    GBP/USD change over periods to 19-May-2022


    Compare Pound Sterling Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Pound Sterling.

    Loading rates...


    Travelling to Jersey

    The main currency of Jersey is the pound, although in many places the euro is accepted because of the location of the island. Pound coins are issued, but are much less widely used than pound notes.

    In July 2014, the Jersey Financial Services Commission approved the establishment of the world’s first regulated Bitcoin fund, at a time when the digital currency was being accepted by some local businesses


    The Pound Sterling is also the domestic currency in 4 other countries.





    Isle of Man



    South Georgia and South Sandwich Islands



    United Kingdom




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