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Foreign Exchange Guide to Guernsey

Read this currency guide to Guernsey with money transfer and travel tips.   [USD/GBP=0.7702]

 
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

Update 14-April: The pound hovered between US$1.30 and US$1.31 (in line with 3-month averages) after the EU granted the UK a Brexit extension until the end of October. No-deal risk is gone for now and anything is possible, including a new British prime minister, a general election and/or second referendum.

Experts at MUFG said in April that sterling would likely trade between US$1.30 and US$1.34 until more clarity emerged.

If an election is called, the pound could depreciate to US$1.24, a UBS analyst said, due to “heightened uncertainty” (the opposition Labour party is consistently ahead in the polls).

Goldman Sachs said in April that sterling was set for a “big finish” (higher) once the gridlock in the UK parliament ends and a deal is agreed and certainty found.

Earlier this year, currency analysts at HSBC estimated that the pound would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 if Brexit is cancelled.

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.

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount GBP(£)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
721.10 GBP
Compare
0.721106.4%Branch-
 
Travelex Online US logo
715.70 GBP
5.4 GBP
0.71570^7.1%Online order, Branch pickup, Home delivery2-3 days
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
713.89 GBP
7.21 GBP
0.7211$107.34%Branch-
Wells Fargo Bank logo
706.68 GBP
14 GBP
0.7211$208.27%Branch-
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.7211 (6.4% from mid-rate)
GBP amount:721.10 GBP
Total Cost:6.4%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
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:0.7157 (7.1% from mid-rate)
GBP amount:715.70 GBP
Total Cost:7.1%
Time:
Rate Fetched: Mon Apr 22 2019 22:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.6741 (12.5% from mid-rate)
GBP amount:713.89 GBP
Total Cost:7.34%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.7211 (6.4% from mid-rate)
GBP amount:706.68 GBP
Total Cost:8.27%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
 

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!

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive GBP(£)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
7,632 GBP
Best Overall
0.76320^0.93%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
7,656.75 GBP
25 GBP
0.7696$510.61%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
7,473.52 GBP
158 GBP
0.7487182.99%Online, Branch, Bank Transfers2-3 days
HSBC logo
7,468.78 GBP
163 GBP
0.748$153.05%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7,423 GBP
209 GBP
0.7466153.65%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
7,374.51 GBP
257 GBP
0.7449$1004.28%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
7,374.51 GBP
257 GBP
0.7449$1004.28%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.7632 (0.93% from mid-rate)
GBP amount:7,632 GBP
Total Cost:0.93%
Time:
Rate Fetched: Mon Apr 22 2019 22:02:23 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:0.7696 (0.1% from mid-rate)
GBP amount:7,656.75 GBP
Total Cost:0.61%
Difference:
25 GBP more than using OFX
Time:0:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.7487 (2.82% from mid-rate)
GBP amount:7,473.52 GBP
Total Cost:2.99%
Difference:
158 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.7480 (2.91% from mid-rate)
GBP amount:7,468.78 GBP
Total Cost:3.05%
Difference:
163 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.7434 (3.5% from mid-rate)
GBP amount:7,423 GBP
Total Cost:3.65%
Difference:
209 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7449 (3.31% from mid-rate)
GBP amount:7,374.51 GBP
Total Cost:4.28%
Difference:
257 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7449 (3.31% from mid-rate)
GBP amount:7,374.51 GBP
Total Cost:4.28%
Difference:
257 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
 

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

DateExchange RatePeriodChange
22 Apr 20191.2984Latest
15 Apr 20191.31001 Week-0.89%
23 Mar 20191.32111 Month-1.72%
24 Oct 20181.28846 Months+0.78%
22 Apr 20181.40021 Year-7.27%
22 Apr 20171.28072 Years+1.38%
23 Apr 20141.67805 Years-22.62%
24 Apr 20091.465410 Years-11.4%

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

DateExchange RatePeriodChange
22 Apr 20191.1532Latest
15 Apr 20191.15881 Week-0.48%
23 Mar 20191.16841 Month-1.3%
24 Oct 20181.13036 Months+2.03%
22 Apr 20181.14081 Year+1.09%
22 Apr 20171.19412 Years-3.43%
23 Apr 20141.21435 Years-5.03%
24 Apr 20091.105510 Years+4.31%

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

DateExchange RatePeriodChange
22 Apr 2019145.3389Latest
15 Apr 2019146.65291 Week-0.9%
23 Mar 2019145.22131 Month+0.08%
24 Oct 2018144.30266 Months+0.72%
22 Apr 2018151.05781 Year-3.79%
22 Apr 2017139.70482 Years+4.03%
23 Apr 2014172.01565 Years-15.51%
24 Apr 2009142.178510 Years+2.22%

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

DateExchange RatePeriodChange
22 Apr 20191.8200Latest
15 Apr 20191.82621 Week-0.34%
23 Mar 20191.86521 Month-2.42%
24 Oct 20181.82426 Months-0.23%
22 Apr 20181.82821 Year-0.45%
22 Apr 20171.69762 Years+7.21%
23 Apr 20141.80705 Years+0.72%
24 Apr 20092.031910 Years-10.43%

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

DateExchange RatePeriodChange
22 Apr 20191.7332Latest
15 Apr 20191.75141 Week-1.04%
23 Mar 20191.77311 Month-2.25%
24 Oct 20181.68116 Months+3.1%
22 Apr 20181.78791 Year-3.06%
22 Apr 20171.72862 Years+0.27%
23 Apr 20141.85075 Years-6.35%
24 Apr 20091.776310 Years-2.43%

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