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Foreign Exchange Guide to Guernsey

Read this currency guide to Guernsey with money transfer and travel tips.   [USD/GBP=0.7943]

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 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

10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.

The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.

In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.

How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.

The interactive chart below shows the USD to GBP exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-GBP 3 Month chart
USD-GBP 3 Month chart
USDGBP currency converter

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.

 

Compare USD to GBP Travel Money Exchange Rates vs the Banks

ProvidersAmount GBP(£)Exchange RateFee USDTotal CostCurrency ServicesDelivery SpeedReviewsDeal Links
Wells Fargo Bank logo
743.62 GBP
Top Provider
0.7588$206.38%Branch pickupn/a
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
743.56 GBP
GBP0.06 less
0.7512$106.39%Branch pickupn/a
U.S. Bank
U.S. Bank logo
743.50 GBP
GBP0.12 less
0.743506.4%Branch pickupn/a
Travelex Online US logo
739.20 GBP
GBP4.42 less
0.73920^6.94%Online order, Home delivery2-3 days
 
Wells Fargo Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.7588 (4.47% from mid-rate)
GBP amount:743.62 GBP
Total Cost:6.38%
Time:12:07 Local
Delivery Speed:n/a
Currency Services:Branch pickup
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.6950 (12.5% from mid-rate)
GBP amount:743.56 GBP
Total Cost:6.39%
Delivery Speed:n/a
Currency Services:Branch pickup
U.S. Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.7435 (6.4% from mid-rate)
GBP amount:743.50 GBP
Total Cost:6.4%
Time:12:07 Local
Delivery Speed:n/a
Currency Services:Branch pickup
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7392 (6.94% from mid-rate)
GBP amount:739.20 GBP
Total Cost:6.94%
Time:
Rate Fetched: Sat Dec 15 2018 10:00:04 GMT+0000 (UTC)
Delivery Speed:2-3 days
Currency Services:Online order, Home delivery
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/15/2018.
Total Cost = Fee + exchange rate margin vs USD/GBP mid-rate: 0.7943
 

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!

 

Compare USD to GBP Foreign Transfers vs the Banks

ProvidersAmount GBP(£)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
WorldFirst logo
7,911 GBP
Top Provider
0.791100.4%Online, Bank Transfers1-2 days
 
OFX logo
7,833 GBP
GBP78 less
0.78330^1.38%Online, Bank Transfers1-2 days
 
Wells Fargo Bank logo
7,670.17 GBP
GBP241 less
0.7684183.43%Online, Branch, Bank Transfers2-3 days
HSBC logo
7,664.49 GBP
GBP247 less
0.7676$153.51%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7617.94 GBP
GBP293 less
0.7662154.09%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
7,568.55 GBP
GBP342 less
0.7645$1004.71%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
7,568.55 GBP
GBP342 less
0.7645$1004.71%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:
Exchange Rate:0.7911 (0.4% from mid-rate)
GBP amount:7,911 GBP
Total Cost:0.4%
Time:12:07 Local
Transfer Speed:1-2 days
Services:Online, Bank Transfers
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.7833 (1.38% from mid-rate)
GBP amount:7,833 GBP
Total Cost:1.38%
Difference:
GBP78 GBP less than using WorldFirst
Time:
Rate Fetched: Sat Dec 15 2018 10:02:26 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Online, Bank Transfers
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.7684 (3.26% from mid-rate)
GBP amount:7,670.17 GBP
Total Cost:3.43%
Difference:
GBP241 GBP less than using WorldFirst
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.7676 (3.36% from mid-rate)
GBP amount:7,664.49 GBP
Total Cost:3.51%
Difference:
GBP247 GBP less than using WorldFirst
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.7629 (3.95% from mid-rate)
GBP amount:7617.94 GBP
Total Cost:4.09%
Difference:
GBP293 GBP less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7645 (3.75% from mid-rate)
GBP amount:7,568.55 GBP
Total Cost:4.71%
Difference:
GBP342 GBP less than using WorldFirst
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7645 (3.75% from mid-rate)
GBP amount:7,568.55 GBP
Total Cost:4.71%
Difference:
GBP342 GBP less than using WorldFirst
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/15/2018.
Total Cost = Fee + exchange rate margin vs USD/GBP mid-rate: 0.7943
 

Popular GBP cross rates


GBP/USD - British Pound Sterling to United States Dollar - 10 Year History

DateExchange RatePeriodChange
15 Dec 20181.2589Latest
08 Dec 20181.27301 Week-1.11%
15 Nov 20181.27661 Month-1.39%
18 Jun 20181.32586 Months-5.05%
15 Dec 20171.33241 Year-5.52%
15 Dec 20161.24242 Years+1.33%
16 Dec 20131.62975 Years-22.75%
17 Dec 20081.540610 Years-18.29%

GBP/EUR - British Pound Sterling to Euro - 10 Year History

DateExchange RatePeriodChange
15 Dec 20181.1132Latest
08 Dec 20181.11821 Week-0.45%
15 Nov 20181.12721 Month-1.24%
18 Jun 20181.14006 Months-2.35%
15 Dec 20171.13331 Year-1.77%
15 Dec 20161.19232 Years-6.63%
16 Dec 20131.18435 Years-6%
17 Dec 20081.076110 Years+3.45%

GBP/JPY - British Pound Sterling to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
15 Dec 2018142.8043Latest
08 Dec 2018143.50951 Week-0.49%
15 Nov 2018144.97731 Month-1.5%
18 Jun 2018146.02126 Months-2.2%
15 Dec 2017150.00331 Year-4.8%
15 Dec 2016146.15712 Years-2.29%
16 Dec 2013168.02115 Years-15.01%
17 Dec 2008135.530410 Years+5.37%

GBP/AUD - British Pound Sterling to Australian Dollar - 10 Year History

DateExchange RatePeriodChange
15 Dec 20181.7536Latest
08 Dec 20181.76611 Week-0.71%
15 Nov 20181.75601 Month-0.14%
18 Jun 20181.79086 Months-2.08%
15 Dec 20171.74231 Year+0.65%
15 Dec 20161.68702 Years+3.95%
16 Dec 20131.82275 Years-3.79%
17 Dec 20082.215610 Years-20.85%

GBP/CAD - British Pound Sterling to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
15 Dec 20181.6848Latest
08 Dec 20181.69611 Week-0.67%
15 Nov 20181.68121 Month+0.21%
18 Jun 20181.75166 Months-3.81%
15 Dec 20171.71431 Year-1.72%
15 Dec 20161.65172 Years+2%
16 Dec 20131.72645 Years-2.41%
17 Dec 20081.854910 Years-9.17%

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