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Foreign Exchange Guide to Jersey

Read this currency guide to Jersey with money transfer and travel tips.   [USD/GBP=0.7924]

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

10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.

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.

How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.

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 - Exchange Rate Comparison

Travel Money Providers
Ratings & Reviews
Amount GBP(£)Exchange RateFee USDTotal CostCurrency ServicesDelivery SpeedDeal Links
Wells Fargo Bank logo
740.88 GBP
Value & Rating
0.756$206.37%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
740.79 GBP
£0.09 less
0.7484$106.38%Branch-
U.S. Bank
U.S. Bank logo
740.70 GBP
£0.18 less
0.740706.39%Branch-
 
Travelex Online US logo
739.20 GBP
£1.68 less
0.73920^6.58%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:0.7560 (4.46% from mid-rate)
GBP amount:740.88 GBP
Total Cost:6.37%
Time:12:07 Local
Currency Services:Branch
Delivery Speed:-
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:0.6924 (12.5% from mid-rate)
GBP amount:740.79 GBP
Total Cost:6.38%
Currency Services:Branch
Delivery Speed:-
U.S. Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.7407 (6.39% from mid-rate)
GBP amount:740.70 GBP
Total Cost:6.39%
Time:12:07 Local
Currency Services:Branch
Delivery Speed:-
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:0.7392 (6.58% from mid-rate)
GBP amount:739.20 GBP
Total Cost:6.58%
Time:
Rate Fetched: Mon Dec 17 2018 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery Speed:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/17/2018.
Total Cost = Fee + exchange rate margin vs USD/GBP mid-rate: 0.7913
 

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 Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Amount GBP(£)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
7,863 GBP
Value & Rating
0.78630^0.63%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
7,881 GBP
£18 more
0.788100.4%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
7,700.11 GBP
£163 less
0.7714182.69%Online, Branch, Bank Transfers2-3 days
HSBC logo
7,694.44 GBP
£169 less
0.7706$152.76%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7,647 GBP
£216 less
0.7692153.36%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
7,597.26 GBP
£266 less
0.7674$1003.99%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
7,597.26 GBP
£266 less
0.7674$1003.99%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:0.7863 (0.63% from mid-rate)
GBP amount:7,863 GBP
Total Cost:0.63%
Time:
Rate Fetched: Mon Dec 17 2018 10:02:29 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:
Exchange Rate:0.7881 (0.4% from mid-rate)
GBP amount:7,881 GBP
Total Cost:0.4%
Difference:
£18 more than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.7714 (2.51% from mid-rate)
GBP amount:7,700.11 GBP
Total Cost:2.69%
Difference:
£163 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:0.7706 (2.62% from mid-rate)
GBP amount:7,694.44 GBP
Total Cost:2.76%
Difference:
£169 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:0.7658 (3.22% from mid-rate)
GBP amount:7,647 GBP
Total Cost:3.36%
Difference:
£216 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:0.7674 (3.02% from mid-rate)
GBP amount:7,597.26 GBP
Total Cost:3.99%
Difference:
£266 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:0.7674 (3.02% from mid-rate)
GBP amount:7,597.26 GBP
Total Cost:3.99%
Difference:
£266 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
Rates @ 12/17/2018.
Total Cost = Fee + exchange rate margin vs USD/GBP mid-rate: 0.7913
 

Popular GBP cross rates


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

DateExchange RatePeriodChange
16 Dec 20181.2589Latest
09 Dec 20181.27191 Week-1.02%
16 Nov 20181.28401 Month-1.95%
19 Jun 20181.31736 Months-4.43%
16 Dec 20171.33241 Year-5.52%
16 Dec 20161.24742 Years+0.92%
17 Dec 20131.62705 Years-22.62%
18 Dec 20081.517710 Years-17.05%

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

DateExchange RatePeriodChange
16 Dec 20181.1131Latest
09 Dec 20181.11581 Week-0.24%
16 Nov 20181.12431 Month-1%
19 Jun 20181.13686 Months-2.08%
16 Dec 20171.13331 Year-1.78%
16 Dec 20161.19562 Years-6.9%
17 Dec 20131.18155 Years-5.79%
18 Dec 20081.058310 Years+5.18%

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

DateExchange RatePeriodChange
16 Dec 2018142.8043Latest
09 Dec 2018143.11321 Week-0.22%
16 Nov 2018144.87941 Month-1.43%
19 Jun 2018145.02376 Months-1.53%
16 Dec 2017150.00331 Year-4.8%
16 Dec 2016147.11202 Years-2.93%
17 Dec 2013167.07305 Years-14.53%
18 Dec 2008135.266510 Years+5.57%

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

DateExchange RatePeriodChange
16 Dec 20181.7526Latest
09 Dec 20181.77131 Week-1.06%
16 Nov 20181.75071 Month+0.11%
19 Jun 20181.78276 Months-1.69%
16 Dec 20171.74231 Year+0.59%
16 Dec 20161.70602 Years+2.73%
17 Dec 20131.82745 Years-4.09%
18 Dec 20082.184310 Years-19.76%

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

DateExchange RatePeriodChange
16 Dec 20181.6848Latest
09 Dec 20181.69551 Week-0.63%
16 Nov 20181.68831 Month-0.21%
19 Jun 20181.74926 Months-3.68%
16 Dec 20171.71431 Year-1.72%
16 Dec 20161.66422 Years+1.24%
17 Dec 20131.72465 Years-2.31%
18 Dec 20081.815310 Years-7.19%

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