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Foreign Exchange Guide to Jersey

Read this currency guide to Jersey with money transfer and travel tips.   [USD/GBP=0.7696]

 
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

Update 14-April: The pound hovered between US$1.30 and US$1.31 (in line with 3-month averages) after the EU granted the UK a Brexit extension until the end of October. No-deal risk is gone for now and anything is possible, including a new British prime minister, a general election and/or second referendum.

Experts at MUFG said in April that sterling would likely trade between US$1.30 and US$1.34 until more clarity emerged.

If an election is called, the pound could depreciate to US$1.24, a UBS analyst said, due to “heightened uncertainty” (the opposition Labour party is consistently ahead in the polls).

Goldman Sachs said in April that sterling was set for a “big finish” (higher) once the gridlock in the UK parliament ends and a deal is agreed and certainty found.

Earlier this year, currency analysts at HSBC estimated that the pound would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 if Brexit is cancelled.

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.

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount GBP(£)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
720.50 GBP
Compare
0.720506.39%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
713.3 GBP
7.2 GBP
0.7205$107.33%Branch-
Wells Fargo Bank logo
706.09 GBP
14 GBP
0.7205$208.26%Branch-
 
Travelex Online US logo
699.00 GBP
21 GBP
0.6990^9.19%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.7205 (6.39% from mid-rate)
GBP amount:720.50 GBP
Total Cost:6.39%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.6735 (12.5% from mid-rate)
GBP amount:713.3 GBP
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→GBP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.7205 (6.39% from mid-rate)
GBP amount:706.09 GBP
Total Cost:8.26%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
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:0.699 (9.19% from mid-rate)
GBP amount:699.00 GBP
Total Cost:9.19%
Time:
Rate Fetched: Thu Apr 18 2019 22:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
 

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!

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive GBP(£)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
7,587 GBP
Best Overall
0.75870^1.43%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
7,649.79 GBP
63 GBP
0.7689$510.61%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
7,429.6 GBP
157 GBP
0.7443183.47%Online, Branch, Bank Transfers2-3 days
HSBC logo
7,424.85 GBP
162 GBP
0.7436$153.54%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
7,379 GBP
208 GBP
0.7422154.13%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
7,330.95 GBP
256 GBP
0.7405$1004.76%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
7,330.95 GBP
256 GBP
0.7405$1004.76%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:0.7587 (1.43% from mid-rate)
GBP amount:7,587 GBP
Total Cost:1.43%
Time:
Rate Fetched: Thu Apr 18 2019 22:02:23 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:0.7689 (0.1% from mid-rate)
GBP amount:7,649.79 GBP
Total Cost:0.61%
Difference:
63 GBP more than using OFX
Time:0:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.7443 (3.3% from mid-rate)
GBP amount:7,429.6 GBP
Total Cost:3.47%
Difference:
157 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.7436 (3.39% from mid-rate)
GBP amount:7,424.85 GBP
Total Cost:3.54%
Difference:
162 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.7390 (3.99% from mid-rate)
GBP amount:7,379 GBP
Total Cost:4.13%
Difference:
208 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7405 (3.79% from mid-rate)
GBP amount:7,330.95 GBP
Total Cost:4.76%
Difference:
256 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→GBP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.7405 (3.79% from mid-rate)
GBP amount:7,330.95 GBP
Total Cost:4.76%
Difference:
256 GBP less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
 

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

DateExchange RatePeriodChange
18 Apr 20191.3002Latest
11 Apr 20191.30551 Week-0.41%
19 Mar 20191.32701 Month-2.02%
20 Oct 20181.30726 Months-0.54%
18 Apr 20181.42021 Year-8.45%
18 Apr 20171.28432 Years+1.24%
19 Apr 20141.67925 Years-22.57%
20 Apr 20091.455110 Years-10.65%

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

DateExchange RatePeriodChange
18 Apr 20191.1571Latest
11 Apr 20191.15941 Week-0.2%
19 Mar 20191.16871 Month-0.99%
20 Oct 20181.13396 Months+2.05%
18 Apr 20181.14731 Year+0.85%
18 Apr 20171.19702 Years-3.33%
19 Apr 20141.21565 Years-4.81%
20 Apr 20091.125810 Years+2.78%

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

DateExchange RatePeriodChange
18 Apr 2019145.5456Latest
11 Apr 2019145.75931 Week-0.15%
19 Mar 2019147.84921 Month-1.56%
20 Oct 2018147.12516 Months-1.07%
18 Apr 2018152.47991 Year-4.55%
18 Apr 2017139.40912 Years+4.4%
19 Apr 2014171.99915 Years-15.38%
20 Apr 2009142.927510 Years+1.83%

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

DateExchange RatePeriodChange
18 Apr 20191.8188Latest
11 Apr 20191.83291 Week-0.77%
19 Mar 20191.87211 Month-2.85%
20 Oct 20181.83606 Months-0.94%
18 Apr 20181.82351 Year-0.26%
18 Apr 20171.69912 Years+7.04%
19 Apr 20141.80005 Years+1.04%
20 Apr 20092.074710 Years-12.33%

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

DateExchange RatePeriodChange
18 Apr 20191.7393Latest
11 Apr 20191.74651 Week-0.41%
19 Mar 20191.76831 Month-1.64%
20 Oct 20181.71446 Months+1.45%
18 Apr 20181.79351 Year-3.02%
18 Apr 20171.71882 Years+1.19%
19 Apr 20141.85065 Years-6.01%
20 Apr 20091.796810 Years-3.2%

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