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Foreign Exchange Guide to Jersey

Read this currency guide to Jersey with money transfer and travel tips.   [USD/GBP=0.7655]

 
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 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

16-January-19: Given Brexit uncertainties, 2018 wasn’t too bad for the pound. Although it lost 7.5 percent of its value against the dollar last year (it’s down 12 percent on pre-EU referendum levels), it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

The pound was relatively robust throughout early to mid-January despite UK politics being in a state of disarray, and with all Brexit options still on the table.

Against the euro, sterling traded on the day of this report at a 7-week high of €1.13, and against the dollar, it bought $1.288—close to a 9-week high.

Sterling’s 2019 strength (albeit strength from low levels) following the massive parliamentary rejection of Theresa May’s Brexit deal was, analysts said, the result of an expectation among investors for Article 50 extensions, Brexit delays, a second referendum or soft-Brexit outcomes, rather than for “no deal.”

Impact of no-deal: 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.

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 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 Providers
Ratings & Reviews
Amount GBP(£)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Travelex Online US logo
719.90 GBP
Best Overall
0.71990^6.28%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank Foreign Currency
Wells Fargo Bank logo
719.12 GBP
£0.78 less
0.7338$206.38%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
719.06 GBP
£0.84 less
0.7264$106.38%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
719.00 GBP
£0.9 less
0.71906.39%Branch-
Travelex Online US: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7199 (6.28% from mid-rate)
GBP amount:719.90 GBP
Total Cost:6.28%
Time:
Rate Fetched: Wed Feb 20 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:
Wells Fargo Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.7338 (4.47% from mid-rate)
GBP amount:719.12 GBP
Total Cost:6.38%
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:0.6721 (12.5% from mid-rate)
GBP amount:719.06 GBP
Total Cost:6.38%
Currency Services:Branch
Delivery/Collect:-
U.S. Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.7190 (6.39% from mid-rate)
GBP amount:719.00 GBP
Total Cost:6.39%
Time:12:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /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: 02/20/2019
 

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!

 
Foreign Transfer Providers
Ratings & Reviews
Receive GBP(£)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
7,599 GBP
Best Overall
0.75990^1.07%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
7,604.02 GBP
£5.02 more
0.7643$511%Bank Transfers - Online1-2 days
Wells Fargo Bank International Money Transfers
Wells Fargo Bank logo
7,441.58 GBP
£157 less
0.7455183.12%Online, Branch, Bank Transfers2-3 days
HSBC International Money Transfers
HSBC logo
7,435.83 GBP
£163 less
0.7447$153.19%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7,391 GBP
£208 less
0.7434153.78%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
7,342.83 GBP
£256 less
0.7417$1004.4%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
7,342.83 GBP
£256 less
0.7417$1004.4%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:0.7599 (1.07% from mid-rate)
GBP amount:7,599 GBP
Total Cost:1.07%
Time:
Rate Fetched: Wed Feb 20 2019 10:02:33 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:0.7643 (0.49% from mid-rate)
GBP amount:7,604.02 GBP
Total Cost:1%
Difference:
£5.02 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:0.7455 (2.94% from mid-rate)
GBP amount:7,441.58 GBP
Total Cost:3.12%
Difference:
£157 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:0.7447 (3.05% from mid-rate)
GBP amount:7,435.83 GBP
Total Cost:3.19%
Difference:
£163 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:0.7402 (3.63% from mid-rate)
GBP amount:7,391 GBP
Total Cost:3.78%
Difference:
£208 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:0.7417 (3.44% from mid-rate)
GBP amount:7,342.83 GBP
Total Cost:4.4%
Difference:
£256 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:0.7417 (3.44% from mid-rate)
GBP amount:7,342.83 GBP
Total Cost:4.4%
Difference:
£256 less than using OFX
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
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: 02/20/2019
 

Popular GBP cross rates


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

DateExchange RatePeriodChange
19 Feb 20191.3039Latest
12 Feb 20191.28911 Week+1.15%
20 Jan 20191.28521 Month+1.46%
23 Aug 20181.28106 Months+1.79%
19 Feb 20181.39931 Year-6.82%
19 Feb 20171.24302 Years+4.9%
20 Feb 20141.66525 Years-21.7%
21 Feb 20091.436710 Years-9.24%

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

DateExchange RatePeriodChange
19 Feb 20191.1503Latest
12 Feb 20191.13741 Week+1.13%
20 Jan 20191.13081 Month+1.72%
23 Aug 20181.10986 Months+3.65%
19 Feb 20181.12841 Year+1.94%
19 Feb 20171.16972 Years-1.66%
20 Feb 20141.21395 Years-5.24%
21 Feb 20091.130010 Years+1.8%

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

DateExchange RatePeriodChange
19 Feb 2019144.2081Latest
12 Feb 2019142.46131 Week+1.23%
20 Jan 2019140.95191 Month+2.31%
23 Aug 2018142.66116 Months+1.08%
19 Feb 2018149.32741 Year-3.43%
19 Feb 2017140.35782 Years+2.74%
20 Feb 2014170.36165 Years-15.35%
21 Feb 2009134.552510 Years+7.18%

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

DateExchange RatePeriodChange
19 Feb 20191.8259Latest
12 Feb 20191.81471 Week+0.62%
20 Jan 20191.79451 Month+1.75%
23 Aug 20181.76846 Months+3.25%
19 Feb 20181.76921 Year+3.2%
19 Feb 20171.62082 Years+12.65%
20 Feb 20141.84895 Years-1.24%
21 Feb 20092.236710 Years-18.37%

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

DateExchange RatePeriodChange
19 Feb 20191.7288Latest
12 Feb 20191.70551 Week+1.37%
20 Jan 20191.70621 Month+1.32%
23 Aug 20181.67816 Months+3.02%
19 Feb 20181.75851 Year-1.69%
19 Feb 20171.62702 Years+6.26%
20 Feb 20141.84405 Years-6.25%
21 Feb 20091.804510 Years-4.2%

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