Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

Jersey - Pound Sterling - Currency Guide

 

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

     

USD/GBP Trend (90-day)

USDGBP at 0.7190 is just below its 90-day average, range 0.7069-0.7305.
|
1-DAY-0.5% (1d)14-DAYHIGH (2d)
 
Recent USD to GBP Trend + Alerts

The above interactive chart shows the USD/GBP Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

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 News, Forecasts and Trends

Forecasts

The coronavirus pandemic had replaced Brexit in the headlines for most of last year. In 2021 the pound has held or even improved its value while markets sort through the aftermath of Brexit and the improved vaccine response from the UK. GBP Markets

For more GBP currency market forecasts you can read the full article Pound Sterling Forecasts.

US dollar to Pound Sterling - Historical Rates

USD/GBPChangePeriod
0.7166
28 Apr 2021
0.4% ▲1 Week
0.7188
05 Apr 2021
0.1% ▲30 Days
0.7314
04 Feb 2021
1.7% ▼90 Days
0.8036
05 May 2020
10.5% ▼1 Year
0.6930
06 May 2016
3.8% ▲5 Years
0.6102
08 May 2011
17.9% ▲10 Years

USD/GBP 10 year historic rates & change to 05-May-2021 : 0.7192

 

$10,000 USD
=
£7,194 GBP

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

US dollar to Pound Sterling - Quick Convert

USD GBP
$ 1 £ 0.7194
$ 5 £ 3.5970
$ 10 £ 7.1940
$ 20 £ 14.39
$ 50 £ 35.97
$ 100 £ 71.94
$ 250 £ 179.85
$ 500 £ 359.70
$ 1,000 £ 719.40
$ 2,000 £ 1,439
$ 5,000 £ 3,597
$ 10,000 £ 7,194
$ 50,000 £ 35,970
$ 100,000 £ 71,940
More amounts
USD GBP
$ 1.3901 £ 1
$ 6.9505 £ 5
$ 13.90 £ 10
$ 27.80 £ 20
$ 69.51 £ 50
$ 139.01 £ 100
$ 347.53 £ 250
$ 695.05 £ 500
$ 1,390 £ 1,000
$ 2,780 £ 2,000
$ 6,951 £ 5,000
$ 13,901 £ 10,000
$ 69,505 £ 50,000
$ 139,010 £ 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Jersey?

The domestic currency in Jersey 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 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

 

Travel money for Jersey

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 Jersey - Best Rates

To get a good (and fair) exchange rate when sending money to Jersey 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 Jersey

When sending money to Jersey 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 Jersey.

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!


Country/Currency Guides - A to Z


A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z