Foreign Exchange Guide to Guernsey

This currency guide to Guernsey helps you choose the best way to save money on GBP transfers and travel money.    [USD/GBP=0.7639]

 
Guernsey
Country Code:
GG
Domestic Currency:
British Pound Sterling
Symbol - Code:
£ GBP
Telephone Prefix:
+441481

This is a foreign exchange guide to Guernsey, the British Pound Sterling currency plus sending GBP transfers and travel tips.


In this Guernsey currency guide we take a look at :

  1. British Pound Sterling info - general info about the British Pound Sterling
  2. British Pound Sterling in the markets - recent GBP moves and predictions from the FX markets
  3. Travelling in Guernsey - currency & money saving tips
  4. Buying British Pound Sterling cash online - travel money for Guernsey
  5. Sending money to Guernsey - save on British Pound Sterling bank transfers to Guernsey
  6. British Pound Sterling exchange rates - latest & historic exchange rates.
  7. GBP News - the latest British Pound Sterling related articles from our blog.

British Pound Sterling (GBP) general currency information


What is the British Pound Sterling currency code and symbol?

The three letter currency code for the British Pound Sterling is GBP and the symbol is £.


Which countries use the British Pound Sterling?

It is the domestic currency in United Kingdom, Guernsey, Isle of Man, Jersey and South Georgia And South Sandwich Islands.

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.


British Pound Sterling (GBP) in the markets

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

For more details read the full article British Pound Sterling Forecasts.

The interactive chart below shows the USD to GBP exchange rate and trend for the previous 3 months:

USD/GBP at 0.7668 is trading 0.5% below the 90-day average 0.7708 with a range 0.7493 to 0.7932. There are no current rate alerts.
21-Jan-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for Guernsey

 

The second-largest island in the Channel Islands, Guernsey has gone to great lengths to change its sleepy backwater image, and it's working. Flatter and less dramatic-looking than Jersey, Guernsey has some stunning beaches, particularly along the north coast, rugged cliffs in the south, and a lively, compact capital of St Peter Port.

There's more to Guernsey than offshore banking and cream teas: there are Neolithic graves, Victorian forts and German fortifications to explore, adventure sports such as coasteering and rock climbing are on the rise, the north coast is excellent for watersports, and St Peter Port lures visitors in with its great dining scene. Like the rest of the Channel Islands, it is not part of the UK, but nonetheless it feels resolutely British. Yet due to its proximity to France and its quirky laws and customs it has a very unique feel to it.

Guernsey is known for its number of spectacular walks.

What currency to use in Guernsey?

UK currency can be used in Guernsey, but Guernsey's own notes and coins are not accepted outside of Guernsey so make sure you change your currency before leaving. Each ATM will state whether it dispenses British or Guernsey pounds, so if you pay attention you can avoid picking up much local currency if you want to avoid that There are plentiful ATM machines in St Peter Port and at banks in outlying parishes. No VAT is charged on Guernsey.

How to get around in Guernsey?

Guernsey is largely flat and a pleasure to cycle around. Numerous rural lanes are designated Ruettes Tranquilles, where the speed limit for cars is 15mph and priority is given to cyclists, and there are designated cycle lanes in town and along the coast. You can rent bicycles from outlets in St Peter Port and also along Guernsey's north coast.

The bus network covers all the island's parishes and major attractions. A Guernsey sightseeing route, The Guernsey Vaeux (numbers 91, 92, 93), goes all the way around the island, allowing visitors to get off at various attractions. The flat fare is £2 for all journeys of any distance on all routes; children three and under go free, older children pay the flat rate. There is also a range of travel passes: from £4.50 for a one-day pass, to £38 for a seven-day family pass, good for two adults and up to three children.

Main international car rental outlets have branches at the airport, as does the local Value Rent a Car. Scooters and motorcycles can be rented in St Peter Port. Speed limits on Guernsey vary from 12 to 15mph in town to 25 to 35mph elsewhere. There are many narrow county lanes with passing places and blind corners. In fine weather, motorbiking or scootering around Guernsey is hugely enjoyable, plus parking is easier.

Castle Cornet. The 800-year-old castle is set on a piece of land jutting out into the sea. The unique location makes for a peaceful walk around the grounds.

Travel tips for Guernsey.

Along with traditional beach pursuits such as swimming, windsurfing and rock-pooling, there has been a growth in adrenalin-fuelled activities such as sunset abseiling, cliff face rock-climbing or coasteering explorations. In an effort to draw more tourists, Guernsey has been attempting to change its traditional image as a somewhat sedate, sleepy backwater, best known for offshore finance and Guernsey cream teas. In the unlikely event you tire of the coast, Guernsey has monuments ranging from eerie Neolithic tombs to Napoleonic towers and World War II bunkers and tunnels − potent reminders that the Channel Islands were the only the parts of the British Isles occupied by German forces.

Guernsey may be the most densely populated of the Channel Islands but it retains quaint rural lanes, fine sandy beaches and miles of spectacular cliffs in the south. The island has one of the largest tidal movements in the world, with waters retreating twice a day to reveal large expanses of golden sands and lunar-like seascapes, pierced with rocks and reefs.

Tasty Walks is a series of 20 self-guided walks which make the most of the very best the island has to offer - its stunning scenery and fabulous food. Whether it's the rugged south coast cliff paths, the long sweeping bays of the west or uncovering the historic past of the island's capital, the island has much to offer in just 25 square miles.

Little Chapel Les Vauxbelets.

 

Travel money for Guernsey

 

Save money and time by Ordering your British Pound 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 British Pound Sterling otherwise you may get much worst exchange rates.

 
Travel Money ProvidersAmount GBP(£)Exchange RateFee USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
£663.50
Compare
0.6702U$1013.37%
 
Banks - Average Rate
Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.6702 (12.5% from mid-rate)
To Amount (GBP) £663.50
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/22/2020 - See full table
 

Guernsey Trip Checklist    

 
  1. Compare GBP travel cash rates - probably why you are here!
  2. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Guernsey

When searching around for information on how to get a good exchange rate when sending money to Guernsey you need to start with finding out the latest British Pound Sterling foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Guernsey

When sending money to Guernsey 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 British 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 Guernsey.

Use our Send to GBP 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 British Pound Sterling deposited into the recipient bank account and less margins and fees kept by the banks!

 
  

USD to GBP International Money Transfers

  

Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee USDTotal CostDeal Links
OFX logo
£7,598
Best Overall
0.75980^0.8%
XE logo
£7,563
£35 less
0.756301.25%
Wells Fargo Bank logo
£7,381.69
£216 less
0.7395183.62%
HSBC logo
£7,376.92
£221 less
0.7388U$153.68%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
£7,331
£267 less
0.7374154.28%
Bank of America International Money Transfers
Bank of America logo
£7,283.43
£315 less
0.7357U$1004.9%
U.S. Bank International Money Transfers
U.S. Bank logo
£7,283.43
£315 less
0.7357U$1004.9%
 
OFX logo
OFX: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.7598 (0.8% from mid-rate)
To Amount (GBP) £7,598
Total Cost:0.8%
Time:
Rate Fetched: 6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.7563 (1.25% from mid-rate)
To Amount (GBP) £7,563
Total Cost:1.25%
Difference:
£35 GBP less than using OFX
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.7395 (3.45% from mid-rate)
To Amount (GBP) £7,381.69
Total Cost:3.62%
Difference:
£216 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.7388 (3.54% from mid-rate)
To Amount (GBP) £7,376.92
Total Cost:3.68%
Difference:
£221 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.7342 (4.14% from mid-rate)
To Amount (GBP) £7,331
Total Cost:4.28%
Difference:
£267 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7357 (3.94% from mid-rate)
To Amount (GBP) £7,283.43
Total Cost:4.9%
Difference:
£315 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7357 (3.94% from mid-rate)
To Amount (GBP) £7,283.43
Total Cost:4.9%
Difference:
£315 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/22/2020 - See full table
 

British Pound Sterling to United States Dollar - Historical Rates

PeriodChange*GBP/USDDate
1 Day+0.3%1.300320 Jan 2020
7 Day+0.2%1.302114 Jan 2020
30 Day+0.3%1.300622 Dec 2019
3 Month+0.9%1.292023 Oct 2019
1 Year+1.2%1.289121 Jan 2019
5 Year-13.1%1.500622 Jan 2015
10 Year-19.1%1.612423 Jan 2010

*For period to 21-Jan 21UTC when GBP/USD was 1.3041

British Pound Sterling to Euro - Historical Rates

PeriodChange*GBP/EURDate
1 Day+0.4%1.171820 Jan 2020
7 Day+0.5%1.170214 Jan 2020
30 Day+0.2%1.173822 Dec 2019
3 Month+1.4%1.160623 Oct 2019
1 Year+3.7%1.133921 Jan 2019
5 Year-10.9%1.320822 Jan 2015
10 Year+3.1%1.140923 Jan 2010

*For period to 21-Jan 21UTC when GBP/EUR was 1.1763

British Pound Sterling to Australian Dollar - Historical Rates

PeriodChange*GBP/AUDDate
1 Day+0.7%1.891320 Jan 2020
7 Day+0.9%1.888614 Jan 2020
30 Day+1.2%1.883322 Dec 2019
3 Month+1%1.886223 Oct 2019
1 Year+5.8%1.800621 Jan 2019
5 Year+1.8%1.872122 Jan 2015
10 Year+6.7%1.785623 Jan 2010

*For period to 21-Jan 21UTC when GBP/AUD was 1.9053

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