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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=0.7822]

 
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

On October 11 the pound had a large one-day rise against the Euro with signs that the EU and UK could still get a Brexit deal ahead of the October 31 deadline. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

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:

ALERTS: 14-DAY DOWN 3.8% | 90-DAY LOW |
USD/GBP is trading well below the 90 day average 0.8125 with a range from LOW 0.7821 to HIGH 0.8313. ALERTS: USD/GBP is DOWN 3.8% this 14-DAY period and has also dropped to a 90-DAY LOW.

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
U.S. Bank Foreign Currency
U.S. Bank logo
£734.60
Compare
0.734606.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
£727.26
£7.34 less
0.7346U$107.33%
Wells Fargo Bank logo
£719.91
£15 less
0.7346U$208.27%
Travelex Online US logo
£717.60
£17 less
0.71760^8.56%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.7346 (6.4% from mid-rate)
To Amount (GBP) £734.60
Total Cost:6.4%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.6867 (12.5% from mid-rate)
To Amount (GBP) £727.26
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.7346 (6.4% from mid-rate)
To Amount (GBP) £719.91
Total Cost:8.27%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7176 (8.56% from mid-rate)
To Amount (GBP) £717.60
Total Cost:8.56%
Time:
Rate Fetched: Wed Oct 16 2019 12:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 10/16/2019 - 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!

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee USDTotal CostDeal Links
XE logo
£7,750
Best Overall
0.77501.25%
OFX logo
£7,785
£35 more
0.77850^0.8%
Wells Fargo Bank logo
£7,553.38
£197 less
0.7567183.75%
HSBC logo
£7,547.66
£202 less
0.7559U$153.83%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
£7,502
£248 less
0.7546154.41%
Bank of America International Money Transfers
Bank of America logo
£7,452.72
£297 less
0.7528U$1005.04%
U.S. Bank International Money Transfers
U.S. Bank logo
£7,452.72
£297 less
0.7528U$1005.04%
 

XE logo

XE: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.7750 (1.25% from mid-rate)
To Amount (GBP) £7,750
Total Cost:1.25%
Time:12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

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:0.7785 (0.8% from mid-rate)
To Amount (GBP) £7,785
Total Cost:0.8%
Difference:
£35 GBP more than using XE
Time:
Rate Fetched: 12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.7567 (3.58% from mid-rate)
To Amount (GBP) £7,553.38
Total Cost:3.75%
Difference:
£197 GBP less than using XE
Time:12:00 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:0.7559 (3.68% from mid-rate)
To Amount (GBP) £7,547.66
Total Cost:3.83%
Difference:
£202 GBP less than using XE
Time:12:00 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:0.7513 (4.27% from mid-rate)
To Amount (GBP) £7,502
Total Cost:4.41%
Difference:
£248 GBP less than using XE
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:0.7528 (4.08% from mid-rate)
To Amount (GBP) £7,452.72
Total Cost:5.04%
Difference:
£297 GBP less than using XE
Time:12:00 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:0.7528 (4.08% from mid-rate)
To Amount (GBP) £7,452.72
Total Cost:5.04%
Difference:
£297 GBP less than using XE
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/16/2019 - See full table
 

GBP/USD - British Pound Sterling to United States Dollar - Historical Rates

PeriodChange*GBP/USDDate
1 Day+1.3%1.260914 Oct 2019
7 Day+4.5%1.222008 Oct 2019
30 Day+2.2%1.249615 Sep 2019
3 Month+2.7%1.243417 Jul 2019
1 Year-2.9%1.315415 Oct 2018
5 Year-20.5%1.607816 Oct 2014
10 Year-21.8%1.633117 Oct 2009

*For period to 15-Oct 21UTC when GBP/USD was 1.2775

GBP/EUR - British Pound Sterling to Euro - Historical Rates

PeriodChange*GBP/EURDate
1 Day+1.3%1.143614 Oct 2019
7 Day+3.9%1.115008 Oct 2019
30 Day+2.7%1.127415 Sep 2019
3 Month+4.6%1.107417 Jul 2019
1 Year+2%1.135615 Oct 2018
5 Year-7.8%1.256116 Oct 2014
10 Year+5.6%1.097217 Oct 2009

*For period to 15-Oct 21UTC when GBP/EUR was 1.1584

GBP/AUD - British Pound Sterling to Australian Dollar - Historical Rates

PeriodChange*GBP/AUDDate
1 Day+1.7%1.861014 Oct 2019
7 Day+4.2%1.815808 Oct 2019
30 Day+4.2%1.816815 Sep 2019
3 Month+6.7%1.774217 Jul 2019
1 Year+2.7%1.843415 Oct 2018
5 Year+3%1.837716 Oct 2014
10 Year+6.2%1.781517 Oct 2009

*For period to 15-Oct 21UTC when GBP/AUD was 1.8924

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