Isle of Man - Pound Sterling - Currency Guide

This is a currency guide to Isle of Man, the Pound Sterling currency plus sending (GBP) transfers and travel tips for Isle of Man.

 
 
CountryIsle of Man
FlagIsle of Man
Country CodeIM
Domestic Currency Pound Sterling
Currency Symbol£
Currency CodeGBP
Exchange RateGBP/USD = 1.2455
Telephone Prefix+441624

Quick Conversions from Pound Sterling to US Dollar

GBP

USD

£ 1
U$ 1.2455
£ 5
U$ 6.2275
£ 10
U$ 12.46
£ 20
U$ 24.91
£ 50
U$ 62.28
£ 100
U$ 124.55
£ 250
U$ 311.38
£ 500
U$ 622.75
£ 1,000
U$ 1,246
£ 2,000
U$ 2,491
£ 5,000
U$ 6,228
£ 10,000
U$ 12,455
£ 50,000
U$ 62,275
£ 100,000
U$ 124,550
More amounts

GBP

USD

£ 0.8029
U$ 1
£ 4.0145
U$ 5
£ 8.0290
U$ 10
£ 16.06
U$ 20
£ 40.15
U$ 50
£ 80.29
U$ 100
£ 200.73
U$ 250
£ 401.45
U$ 500
£ 802.90
U$ 1,000
£ 1,606
U$ 2,000
£ 4,015
U$ 5,000
£ 8,029
U$ 10,000
£ 40,145
U$ 50,000
£ 80,290
U$ 100,000
More amounts

To calculate specific GBP/USD amounts use our Convert GBP to USD quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view GBP to USD Rate Guide.

Isle of Man Currency Info

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.


Frequently Asked Questions


What currency should I use in Isle of Man?

The domestic currency in Isle of Man is the Pound Sterling.

What is the Pound Sterling currency code and symbol?

The three letter currency code for the Pound Sterling is GBP — symbol is £.

Which countries use the Pound Sterling?

It is the domestic currency in United Kingdom, Guernsey, Isle of Man, Jersey and South Georgia and South Sandwich Islands.

Is the Pound Sterling a closed currency?

No, the Pound Sterling is freely available and convertible. See guide: What is a closed currency?


Pound Sterling (GBP) in the markets

With the Bank of England holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For more details read the full article Pound Sterling Forecasts.

The interactive chart below shows the GBP to USD exchange rate and trend for the previous 3 months:

ALERT:7-DAY8.6% 🔔|
GBP/USD at 1.2457 was trading 3.1% below AVG:1.2856 with LO:1.1467 and HI:1.3346 (90 days). ALERT: GBP/USD is UP 8.6% this 7-DAY period.
27-MAR 6PM-NY 10PM-LON 28-MAR 6AM-HK 9AM-SYD
Booking.com

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 Pounds 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 Pounds Sterling otherwise you may get much worst exchange rates.

 

Isle of Man Trip Checklist    

 
  1. Compare GBP travel cash rates - probably why you are here!
  2. Book Flights
  3. Travel insurance - for those unexpected travel adventures!
  4. 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 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 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 Pounds Sterling 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 Pounds Sterling deposited into the recipient bank account and less margins and fees kept by the banks!

 

Bank Transfers to Isle of Man

Compare Transfer Rates

Pound Sterling to US Dollar - Historical Rates

PeriodChange*GBP/USDDate
1 Day+2.1%1.219626 Mar 2020
7 Day+6.9%1.165020 Mar 2020
30 Day-3.5%1.290626 Feb 2020
3 Month-4.8%1.308028 Dec 2019
1 Year-4.6%1.305328 Mar 2019
5 Year-16.4%1.489429 Mar 2015
10 Year-17.4%1.508330 Mar 2010

*For period to 27-Mar 21UTC when GBP/USD was 1.2457

Pound Sterling to Euro - Historical Rates

PeriodChange*GBP/EURDate
1 Day+1%1.103926 Mar 2020
7 Day+3%1.082520 Mar 2020
30 Day-5.9%1.185626 Feb 2020
3 Month-4.7%1.170528 Dec 2019
1 Year-4%1.162428 Mar 2019
5 Year-18.5%1.368029 Mar 2015
10 Year-0.7%1.123630 Mar 2010

*For period to 27-Mar 21UTC when GBP/EUR was 1.1154

Pound Sterling to Australian Dollar - Historical Rates

PeriodChange*GBP/AUDDate
1 Day+0.7%2.006526 Mar 2020
7 Day+0.5%2.011020 Mar 2020
30 Day+2.5%1.971326 Feb 2020
3 Month+7.9%1.873228 Dec 2019
1 Year+9.6%1.843028 Mar 2019
5 Year+5%1.924729 Mar 2015
10 Year+23.1%1.641330 Mar 2010

*For period to 27-Mar 21UTC when GBP/AUD was 2.0205


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