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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=0.7658]

 
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

20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling 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 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.

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.

Isle of Man.

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.

Isle of Man.

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.

 
Travel Money Providers
Ratings & Reviews
Amount GBP(£)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank logo
719.71 GBP
0.7344$206.37%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
719.61 GBP
0.1 GBP less
0.7270$106.39%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
719.50 GBP
0.21 GBP less
0.719506.4%Branch-
 
Travelex Online US logo
710.70 GBP
9.01 GBP less
0.71070^7.55%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.7344 (4.46% from mid-rate)
GBP amount:719.71 GBP
Total Cost:6.37%
Time:12:07 Local
Currency Services:Branch
Delivery/Collect:-
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:0.6726 (12.5% from mid-rate)
GBP amount:719.61 GBP
Total Cost:6.39%
Currency Services:Branch
Delivery/Collect:-
U.S. Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.7195 (6.4% from mid-rate)
GBP amount:719.50 GBP
Total Cost:6.4%
Time:12:07 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:0.7107 (7.55% from mid-rate)
GBP amount:710.70 GBP
Total Cost:7.55%
Time:
Rate Fetched: Fri Feb 22 2019 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019
 

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!

 
Foreign Transfer Providers
Ratings & Reviews
Receive GBP(£)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
7,608 GBP
Best Overall
0.76080^1.03%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
7,647.8 GBP
40 GBP more
0.7687$510.51%Bank Transfers - Online1-2 days
Wells Fargo Bank logo
7,450.56 GBP
157 GBP less
0.7464183.08%Online, Branch, Bank Transfers2-3 days
HSBC logo
7,444.82 GBP
163 GBP less
0.7456$153.15%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7,400 GBP
208 GBP less
0.7443153.74%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
7,351.74 GBP
256 GBP less
0.7426$1004.36%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
7,351.74 GBP
256 GBP less
0.7426$1004.36%Online, Branch, Bank Transfers2-3 days
 
Xoom logo
Your amount above the Xoom USD2999 maximum
NaN GBP less
 
OFX: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.7608 (1.03% from mid-rate)
GBP amount:7,608 GBP
Total Cost:1.03%
Time:
Rate Fetched: Fri Feb 22 2019 10:02:24 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:0.7687 undefined
GBP amount:7,647.8 GBP
Total Cost:0.51%
Difference:
40 GBP more than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.7464 (2.9% from mid-rate)
GBP amount:7,450.56 GBP
Total Cost:3.08%
Difference:
157 GBP less than using OFX
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:0.7456 (3.01% from mid-rate)
GBP amount:7,444.82 GBP
Total Cost:3.15%
Difference:
163 GBP less than using OFX
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:0.7410 (3.6% from mid-rate)
GBP amount:7,400 GBP
Total Cost:3.74%
Difference:
208 GBP less than using OFX
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:0.7426 (3.4% from mid-rate)
GBP amount:7,351.74 GBP
Total Cost:4.36%
Difference:
256 GBP less than using OFX
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:0.7426 (3.4% from mid-rate)
GBP amount:7,351.74 GBP
Total Cost:4.36%
Difference:
256 GBP less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Xoom: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019
 

Popular GBP cross rates


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

DateExchange RatePeriodChange
22 Feb 20191.3057Latest
15 Feb 20191.28931 Week+1.27%
23 Jan 20191.30821 Month-0.19%
26 Aug 20181.28586 Months+1.55%
22 Feb 20181.39511 Year-6.41%
22 Feb 20171.24522 Years+4.86%
23 Feb 20141.66325 Years-21.49%
24 Feb 20091.447610 Years-9.8%

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

DateExchange RatePeriodChange
22 Feb 20191.1513Latest
15 Feb 20191.14131 Week+0.88%
23 Jan 20191.14891 Month+0.21%
26 Aug 20181.10426 Months+4.27%
22 Feb 20181.13181 Year+1.72%
22 Feb 20171.18022 Years-2.45%
23 Feb 20141.21075 Years-4.91%
24 Feb 20091.130910 Years+1.8%

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

DateExchange RatePeriodChange
22 Feb 2019144.5521Latest
15 Feb 2019142.46181 Week+1.47%
23 Jan 2019143.24991 Month+0.91%
26 Aug 2018143.10516 Months+1.01%
22 Feb 2018149.05181 Year-3.02%
22 Feb 2017141.22902 Years+2.35%
23 Feb 2014170.54245 Years-15.24%
24 Feb 2009139.612910 Years+3.54%

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

DateExchange RatePeriodChange
22 Feb 20191.8287Latest
15 Feb 20191.80421 Week+1.36%
23 Jan 20191.83041 Month-0.09%
26 Aug 20181.75126 Months+4.43%
22 Feb 20181.77991 Year+2.74%
22 Feb 20171.61802 Years+13.02%
23 Feb 20141.85495 Years-1.41%
24 Feb 20092.240310 Years-18.37%

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

DateExchange RatePeriodChange
22 Feb 20191.7207Latest
15 Feb 20191.70781 Week+0.76%
23 Jan 20191.74571 Month-1.43%
26 Aug 20181.67296 Months+2.86%
22 Feb 20181.77391 Year-3%
22 Feb 20171.63922 Years+4.97%
23 Feb 20141.84745 Years-6.86%
24 Feb 20091.805610 Years-4.7%

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