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Foreign Exchange Guide to Isle of Man

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

Isle of Man
Country Code:
IM
Domestic Currency:
British Pound Sterling
Symbol - Code:
£ GBP
Telephone Prefix:
+441624

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


In this Isle of Man 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 Isle of Man - currency & money saving tips
  4. Buying British Pound Sterling cash online - travel money for Isle of Man
  5. Sending money to Isle of Man - save on British Pound Sterling bank transfers to Isle of Man
  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 Isle of Man

 

The Isle of Man is a totally underrated little island – like a mini version of mainland Britain, with all of its different landscapes on a small scale. The Manx scenery rivals that of the Lake District and Highlands but it doesn’t have the volume of tourists, which makes it much better.What you'll find here is beautiful scenery in the lush valleys, barren hills and rugged coastlines. In 2016 Unesco designated the Isle of Man a biosphere reserve (one of five in the UK), marking it out as one of the most beautiful spots in Britain to enjoy nature. That bucolic charm is shattered during the world-famous Tourist Trophy (TT) motorbike racing season, which attracts 50,000 punters every May and June. Needless to say, if you want a slice of silence, avoid the high-rev bike fest.

Getting around in the Isle of Man.

Located in the south of the Island, the Isle of Man only airport - Ronaldsway – is regularly serviced by a bus route to bring you to the town or village where you wish to stay. Alternatively, you can call for a taxi or hire a car straight from the airport to get to your destination. If you decide to travel to the Isle of Man by sea, you can come by foot or by car. The Steam Packet Company operates regular ferry services to the Island from Heysham, Liverpool, Birkenhead, Dublin and Belfast using two reliable vessels – the 96-metre wave piercing catamaran, Manannan, or the conventional Ben-my-Chree.

Taxis can also be found in the majority of the main towns and villages in the Island, giving you complete control of where you want to go without having to rely on fixed schedules. There’s an extensive bus network - Bus Vannin – that serves the whole Island on a regular basis including Ronaldsway Airport and the Sea Terminal in Douglas.The Isle of Man Steam Railway, Manx Electric Railway and Snaefell Mountain Railway are a fun way to explore the Island’s impressive landscape and heritage sites. It is the longest narrow gauge steam line in Britain that still uses its original locomotives and carriages which will carry you through the charming countryside between the Island’s capital and a range of destinations in the south.

Travel tips for the Isle of Man.

There is an irony to the fact that Isle of Man is not part of the UK, yet it is the only location in the British Isles from which you can see all the UK’s constituent parts – on clear days, England, Wales, Scotland and Northern Ireland are visible from the 2,037ft Snaefell, reached via the Snaefell Mountain Railway.

Niarbyl (meaning ‘the tail’ in Manx) is a craggy, rocky beach with a really good café overlooking it on the edge of a cliff. As you might expect, the views are amazing from the café. But the food is top notch too, including fresh local crab. Try and get the table upstairs for the full-on sea view. They have local bottled beer, but you have to ask for it

 

Travel money for Isle of Man

 

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
 

Isle of Man 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 Isle of Man

When searching around for information on how to get a good exchange rate when sending money to Isle of Man 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 Isle of Man

When sending money to Isle of Man 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 Isle of Man.

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
14 Dec 20181.2564Latest
07 Dec 20181.27301 Week-1.3%
14 Nov 20181.29841 Month-3.23%
17 Jun 20181.32766 Months-5.36%
14 Dec 20171.34331 Year-6.47%
14 Dec 20161.25302 Years+0.27%
15 Dec 20131.62995 Years-22.92%
16 Dec 20081.541210 Years-18.48%

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

DateExchange RatePeriodChange
14 Dec 20181.1122Latest
07 Dec 20181.11821 Week-0.54%
14 Nov 20181.14781 Month-3.1%
17 Jun 20181.14516 Months-2.87%
14 Dec 20171.14081 Year-2.51%
14 Dec 20161.19182 Years-6.68%
15 Dec 20131.18675 Years-6.28%
16 Dec 20081.107110 Years+0.46%

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

DateExchange RatePeriodChange
14 Dec 2018142.4957Latest
07 Dec 2018143.50951 Week-0.71%
14 Nov 2018147.45471 Month-3.36%
17 Jun 2018146.88226 Months-2.99%
14 Dec 2017150.97361 Year-5.62%
14 Dec 2016146.30382 Years-2.6%
15 Dec 2013168.18405 Years-15.27%
16 Dec 2008138.100310 Years+3.18%

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

DateExchange RatePeriodChange
14 Dec 20181.7510Latest
07 Dec 20181.76611 Week-0.85%
14 Nov 20181.79511 Month-2.46%
17 Jun 20181.78436 Months-1.87%
14 Dec 20171.75241 Year-0.08%
14 Dec 20161.69212 Years+3.48%
15 Dec 20131.81955 Years-3.76%
16 Dec 20082.261510 Years-22.57%

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

DateExchange RatePeriodChange
14 Dec 20181.6805Latest
07 Dec 20181.69611 Week-0.92%
14 Nov 20181.72001 Month-2.3%
17 Jun 20181.75246 Months-4.1%
14 Dec 20171.71881 Year-2.23%
14 Dec 20161.66072 Years+1.19%
15 Dec 20131.72625 Years-2.65%
16 Dec 20081.878810 Years-10.55%

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