Foreign Exchange Guide to Jersey

This currency guide to Jersey helps you choose the best way to save money on GBP transfers and travel money.    [USD/GBP=0.7649]

 
Jersey
Country Code:
JE
Domestic Currency:
British Pound Sterling
Symbol - Code:
£ GBP
Telephone Prefix:
+441534

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


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

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 GBP forecasts and predictions read our British Pound Forecasts summary.

For more details read the full article British Pound Sterling Forecasts.

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

USD/GBP at 0.7668 is trading 0.5% below the 90-day average 0.7708 with a range 0.7493 to 0.7932. There are no current rate alerts.
21-Jan-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for Jersey

 

The main currency of Jersey is the pound, although in many places the euro is accepted because of the location of the island. Pound coins are issued, but are much less widely used than pound notes.

In July 2014, the Jersey Financial Services Commission approved the establishment of the world's first regulated Bitcoin fund, at a time when the digital currency was being accepted by some local businesses

 

Travel money for Jersey

 

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 ProvidersAmount GBP(£)Exchange RateFee USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
£663.50
Compare
0.6702U$1013.37%
 
Banks - Average Rate
Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.6702 (12.5% from mid-rate)
To Amount (GBP) £663.50
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/22/2020 - See full table
 

Jersey 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 Jersey

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

When sending money to Jersey 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 Jersey.

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!

 
  

USD to GBP International Money Transfers

  

Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee USDTotal CostDeal Links
OFX logo
£7,598
Best Overall
0.75980^0.8%
XE logo
£7,563
£35 less
0.756301.25%
Wells Fargo Bank logo
£7,381.69
£216 less
0.7395183.62%
HSBC logo
£7,376.92
£221 less
0.7388U$153.68%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
£7,331
£267 less
0.7374154.28%
Bank of America International Money Transfers
Bank of America logo
£7,283.43
£315 less
0.7357U$1004.9%
U.S. Bank International Money Transfers
U.S. Bank logo
£7,283.43
£315 less
0.7357U$1004.9%
 
OFX logo
OFX: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.7598 (0.8% from mid-rate)
To Amount (GBP) £7,598
Total Cost:0.8%
Time:
Rate Fetched: 6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.7563 (1.25% from mid-rate)
To Amount (GBP) £7,563
Total Cost:1.25%
Difference:
£35 GBP less than using OFX
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.7395 (3.45% from mid-rate)
To Amount (GBP) £7,381.69
Total Cost:3.62%
Difference:
£216 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.7388 (3.54% from mid-rate)
To Amount (GBP) £7,376.92
Total Cost:3.68%
Difference:
£221 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.7342 (4.14% from mid-rate)
To Amount (GBP) £7,331
Total Cost:4.28%
Difference:
£267 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7357 (3.94% from mid-rate)
To Amount (GBP) £7,283.43
Total Cost:4.9%
Difference:
£315 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.7357 (3.94% from mid-rate)
To Amount (GBP) £7,283.43
Total Cost:4.9%
Difference:
£315 GBP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/22/2020 - See full table
 

British Pound Sterling to United States Dollar - Historical Rates

PeriodChange*GBP/USDDate
1 Day+0.3%1.300320 Jan 2020
7 Day+0.2%1.302114 Jan 2020
30 Day+0.3%1.300622 Dec 2019
3 Month+0.9%1.292023 Oct 2019
1 Year+1.2%1.289121 Jan 2019
5 Year-13.1%1.500622 Jan 2015
10 Year-19.1%1.612423 Jan 2010

*For period to 21-Jan 21UTC when GBP/USD was 1.3041

British Pound Sterling to Euro - Historical Rates

PeriodChange*GBP/EURDate
1 Day+0.4%1.171820 Jan 2020
7 Day+0.5%1.170214 Jan 2020
30 Day+0.2%1.173822 Dec 2019
3 Month+1.4%1.160623 Oct 2019
1 Year+3.7%1.133921 Jan 2019
5 Year-10.9%1.320822 Jan 2015
10 Year+3.1%1.140923 Jan 2010

*For period to 21-Jan 21UTC when GBP/EUR was 1.1763

British Pound Sterling to Australian Dollar - Historical Rates

PeriodChange*GBP/AUDDate
1 Day+0.7%1.891320 Jan 2020
7 Day+0.9%1.888614 Jan 2020
30 Day+1.2%1.883322 Dec 2019
3 Month+1%1.886223 Oct 2019
1 Year+5.8%1.800621 Jan 2019
5 Year+1.8%1.872122 Jan 2015
10 Year+6.7%1.785623 Jan 2010

*For period to 21-Jan 21UTC when GBP/AUD was 1.9053

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