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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=0.7797]

 
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

On October 11 the pound had a large one-day rise against the Euro with signs that the EU and UK could still get a Brexit deal ahead of the October 31 deadline. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

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:

ALERTS: 14-DAY DOWN 4.2% | 90-DAY LOW |
USD/GBP is trading well below the 90 day average 0.8123 with a range from LOW 0.7794 to HIGH 0.8313. ALERTS: USD/GBP is DOWN 4.2% this 14-DAY period and has also dropped to a 90-DAY LOW.

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
U.S. Bank Foreign Currency
U.S. Bank logo
£729.40
Compare
0.729406.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
£722.11
£7.29 less
0.7294U$107.33%
Wells Fargo Bank logo
£714.81
£15 less
0.7294U$208.26%
Travelex Online US logo
£711.50
£18 less
0.71150^8.69%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.7294 (6.39% from mid-rate)
To Amount (GBP) £729.40
Total Cost:6.39%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.6818 (12.5% from mid-rate)
To Amount (GBP) £722.11
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.7294 (6.39% from mid-rate)
To Amount (GBP) £714.81
Total Cost:8.26%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7115 (8.69% from mid-rate)
To Amount (GBP) £711.50
Total Cost:8.69%
Time:
Rate Fetched: Wed Oct 16 2019 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 10/16/2019 - 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!

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee USDTotal CostDeal Links
OFX logo
£7,730
Best Overall
0.7730^0.8%
XE logo
£7,695
£35 less
0.769501.24%
Wells Fargo Bank logo
£7,500.47
£230 less
0.7514183.74%
HSBC logo
£7,494.74
£235 less
0.7506U$153.81%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
£7,449
£281 less
0.7493154.4%
Bank of America International Money Transfers
Bank of America logo
£7,400.25
£330 less
0.7475U$1005.03%
U.S. Bank International Money Transfers
U.S. Bank logo
£7,400.25
£330 less
0.7475U$1005.03%
 

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:0.7730 (0.8% from mid-rate)
To Amount (GBP) £7,730
Total Cost:0.8%
Time:
Rate Fetched: 18:00 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:0.7695 (1.24% from mid-rate)
To Amount (GBP) £7,695
Total Cost:1.24%
Difference:
£35 GBP less than using OFX
Time:18:00 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:0.7514 (3.57% from mid-rate)
To Amount (GBP) £7,500.47
Total Cost:3.74%
Difference:
£230 GBP less than using OFX
Time:18:00 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:0.7506 (3.67% from mid-rate)
To Amount (GBP) £7,494.74
Total Cost:3.81%
Difference:
£235 GBP less than using OFX
Time:18:00 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:0.7460 (4.26% from mid-rate)
To Amount (GBP) £7,449
Total Cost:4.4%
Difference:
£281 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:0.7475 (4.07% from mid-rate)
To Amount (GBP) £7,400.25
Total Cost:5.03%
Difference:
£330 GBP less than using OFX
Time:18:00 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:0.7475 (4.07% from mid-rate)
To Amount (GBP) £7,400.25
Total Cost:5.03%
Difference:
£330 GBP less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/16/2019 - See full table
 

GBP/USD - British Pound Sterling to United States Dollar - Historical Rates

PeriodChange*GBP/USDDate
1 Day+0.6%1.276015 Oct 2019
7 Day+5.1%1.221209 Oct 2019
30 Day+3.3%1.242616 Sep 2019
3 Month+2.3%1.254318 Jul 2019
1 Year-2.7%1.318816 Oct 2018
5 Year-20.3%1.609317 Oct 2014
10 Year-21.4%1.633118 Oct 2009

*For period to 16-Oct 21UTC when GBP/USD was 1.2834

GBP/EUR - British Pound Sterling to Euro - Historical Rates

PeriodChange*GBP/EURDate
1 Day+0.2%1.156515 Oct 2019
7 Day+4.3%1.111809 Oct 2019
30 Day+2.6%1.129316 Sep 2019
3 Month+4.1%1.113818 Jul 2019
1 Year+1.7%1.139216 Oct 2018
5 Year-8.1%1.261217 Oct 2014
10 Year+5.6%1.097218 Oct 2009

*For period to 16-Oct 21UTC when GBP/EUR was 1.1591

GBP/AUD - British Pound Sterling to Australian Dollar - Historical Rates

PeriodChange*GBP/AUDDate
1 Day+0.5%1.889615 Oct 2019
7 Day+4.5%1.817609 Oct 2019
30 Day+4.9%1.810916 Sep 2019
3 Month+7%1.774618 Jul 2019
1 Year+2.8%1.847416 Oct 2018
5 Year+3.2%1.840517 Oct 2014
10 Year+6.6%1.781518 Oct 2009

*For period to 16-Oct 21UTC when GBP/AUD was 1.8996

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