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    Currency in Jersey – Pound Sterling GBP

    A practical foreign exchange and currency guide on sending money and travel to Jersey



    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

    Sending Money to Jersey

    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.

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    Pound Sterling – Markets & Rates

    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.


    1 GBP = 1.3234 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.3236 has fallen 2.7% below its 90-day average, range 1.3236-1.3865.
      1 USD = 0.7556 GBP

    Pound Sterling Forecast and Trend

    The pound sunk in September to 1.34 against the greenback but has recovered into October near 1.36 after Boris called the army out to drive the fuel trucks.

    The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.

    OFX predict the GBP could range between 1.33 – 1.38 USD in October.

    GBP-USD Outlook

    Historic GBP-USD Rates

    GBP/USD wasChangePeriod
    19 Nov 2021
    1.6% 2 Weeks
    04 Sep 2021
    4.5% 90 Days
    03 Dec 2020
    1.6% 1 Year
    04 Dec 2016
    4.6% 5 Years
    06 Dec 2011
    15.2% 10 Years
    08 Dec 2001
    7.5% 20 Years
    GBP/USD change over periods to 03-Dec-2021


    GBP is also used in 4 other countries

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