Currency in Saint Helena
A practical currency and money guide to travel, living and doing business in Saint Helena and the Saint Helena pound (SHP).
What's in this Saint Helena currency guide:
What currency is used in Saint Helena?
The official currency of Saint Helena (country code: SH) is the Saint Helena pound, with symbol £ and currency code SHP.
Things to know about the Saint Helena pound
The Saint Helenian pound (SHP) is the official currency of Saint Helena, Ascension and Tristan da Cunha, a British Overseas Territory located in the South Atlantic Ocean. Here are a few things to know about the Saint Helenian pound:
- The Saint Helenian pound is abbreviated as SHP and is divided into 100 pence.
- The Saint Helenian pound is issued and regulated by the Government of Saint Helena, Ascension and Tristan da Cunha.
- The exchange rate for the Saint Helenian pound is determined by supply and demand in the foreign exchange market.
- Saint Helena, Ascension and Tristan da Cunha has a small, open economy that is heavily reliant on exports, including fish and other seafood, and has a growing tourism industry.
- The Saint Helenian pound is pegged to the British pound sterling at a fixed exchange rate of 1 SHP = 1 GBP. This means that the value of the Saint Helenian pound is closely tied to the value of the British pound.
Travel Ideas and Money Tips for Saint Helena
St. Helena island, part of the British Overseas Territory also encompassing Ascension and Tristan da Cunha islands, is a remote volcanic outpost in the South Atlantic Ocean. It's famous as the place of Napoleon Bonaparte's exile and death, as commemorated by a now-empty tomb. Climbing destinations include the 699 steps of Jacob's Ladder and Diana's Peak, sheltering endemic plant and animal life.
The Saint Helena pound is fixed at parity with the pound sterling and as such both currencies are commonly accepted and circulated.
Expat Money & Business Guide to Saint Helena
Managing your finances in Saint Helena
Here we list some key points for expats and businesses to consider when managing financial dealings in Saint Helena:
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Understand Saint Helena pound currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the SHP exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
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Use a local Saint Helena pound bank account: A local SHP bank account can make it easier for you to manage your finances and pay bills while you are in Saint Helena. It may also be more convenient to use a local SHP bank account to make purchases and withdraw cash.
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Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Saint Helena. This can help you avoid legal issues and ensure that you are complying with local requirements.
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Consider the tax implications: It is important to understand the tax implications of living or doing business in Saint Helena. This can help you plan your finances and ensure that you are paying the correct amount of tax.
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Seek financial advice: If you are unsure of how to manage your finances in Saint Helena, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
SHP/USD – Market Data
The exchange rate of Saint Helena pound (SHP), or the amount of SHP that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest SHP/USD rate plus recent trend, chart, and historic rates.
| Date | SHP/USD | Period |
|---|---|---|
14 Mar 2023 | 1.2151 | 2 Week |
28 Dec 2022 | 1.2028 | 3 Month |
28 Mar 2022 | 1.3100 | 1 Year |
29 Mar 2018 | 1.4026 | 5 Year |
30 Mar 2013 | 1.5199 | 10 Year |
02 Apr 2003 | 1.5705 | 20 Year |
Compare Saint Helena pound Exchange Rates & Fees
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Saint Helena or planning a trip or maybe living there, so will need to exchange and spend Saint Helena pound.
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It is important to note that the exchange rate of the Saint Helena pound can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect SHP exchange rates before making any financial decisions.
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