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Foreign Exchange Guide to the South Georgia And South Sandwich Islands

This currency guide to the South Georgia And South Sandwich Islands helps you choose the best way to save money on GBP transfers and travel money.    [USD/GBP=0.7613]

 
South Georgia And South Sandwich Islands
Country Code:
GS
Domestic Currency:
British Pound Sterling
Symbol - Code:
£ GBP
Telephone Prefix:
+500

This is a foreign exchange guide to the South Georgia And South Sandwich Islands, the British Pound Sterling currency plus sending GBP transfers and travel tips.


In this the South Georgia And South Sandwich Islands 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 the South Georgia And South Sandwich Islands - currency & money saving tips
  4. Buying British Pound Sterling cash online - travel money for the South Georgia And South Sandwich Islands
  5. Sending money to the South Georgia And South Sandwich Islands - save on British Pound Sterling bank transfers to the South Georgia And South Sandwich Islands
  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

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

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.

Earlier in the year the pound was the worst-performing major currency by some margin. 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:

90-DAY TREND: At 0.761 USD/GBP is trading 3.7% below the average 0.79 with a range 0.7599 to 0.8288. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

Travel, Currency and Money saving tips for the South Georgia And South Sandwich Islands

 

South Georgia is one of the most visited locations in Antarctica. It is spectacularly picturesque and is frequently described as being "The Alps in the mid-ocean". Over half the island is permanently glaciated, wildlife is abundant, approach by sea is usually straightforward and it is steeped in the history of Antarctic exploration and the stories and relics of Antarctic whalers and sealers.

The South Sandwich Islands on the other hand are isolated and are not often visited other than by survey ships on scientific excursions. The prevailing weather conditions usually make the approach difficult, they rise very steeply out of the sea and are subject to active volcanism. The only access to South Georgia or the South Sandwich Islands is by sea, there are no flights.There is a small gift shop at Grytviken which will accept Falkland pounds, British pounds, American dollars and Euros. Water is sold by the tonne. Most large ships visiting the islands will sell basic supplies (razors, shampoo, hats, snacks), but otherwise it is unlikely you will have any use for whatever money you bring with you. As a British territory with such a small population and being as remote as it is, English is spoken by everyone. Grytviken is the one place on South Georgia still occupied today by the scientists and crew of the British Antarctic Survey. The name Grytviken means 'Pot Cove' after the sealers trypots, used for recovering the blubber from seals which were found there. It is the best harbour on the island, being a bay within a bay.

 

Travel money for the South Georgia And South Sandwich Islands

 

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
Travelex Online US logo
£692.40
Best Overall
0.69240^9.05%
U.S. Bank Foreign Currency
U.S. Bank logo
£671.60
£21 less
0.6716011.78%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
£664.89
£28 less
0.6716U$1012.66%
Wells Fargo Bank logo
£658.17
£34 less
0.6716U$2013.55%
 

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:0.6924 (9.05% from mid-rate)
To Amount (GBP) £692.40
Total Cost:9.05%
Time:
Rate Fetched: Sat Dec 07 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Travel Money USD→GBP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.6716 (11.78% from mid-rate)
To Amount (GBP) £671.60
Total Cost:11.78%
Time:6:03 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:0.6661 (12.5% from mid-rate)
To Amount (GBP) £664.89
Total Cost:12.66%
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:0.6716 (11.78% from mid-rate)
To Amount (GBP) £658.17
Total Cost:13.55%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - See full table
 

the South Georgia And South Sandwich Islands 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 the South Georgia And South Sandwich Islands

When searching around for information on how to get a good exchange rate when sending money to the South Georgia And South Sandwich Islands 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 the South Georgia And South Sandwich Islands

When sending money to the South Georgia And South Sandwich Islands 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 the South Georgia And South Sandwich Islands.

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
XE logo
£7,518
Best Overall
0.751801.25%
OFX logo
£7,552
£34 more
0.75520^0.8%
Wells Fargo Bank logo
£7,316.81
£201 less
0.733183.89%
HSBC logo
£7,312.02
£206 less
0.7323U$153.95%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
£7,267
£251 less
0.7310154.54%
Bank of America International Money Transfers
Bank of America logo
£7,220.07
£298 less
0.7293U$1005.16%
U.S. Bank International Money Transfers
U.S. Bank logo
£7,220.07
£298 less
0.7293U$1005.16%
 

XE logo

XE: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.7518 (1.25% from mid-rate)
To Amount (GBP) £7,518
Total Cost:1.25%
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

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:0.7552 (0.8% from mid-rate)
To Amount (GBP) £7,552
Total Cost:0.8%
Difference:
£34 GBP more than using XE
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:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→GBP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.7330 (3.72% from mid-rate)
To Amount (GBP) £7,316.81
Total Cost:3.89%
Difference:
£201 GBP less than using XE
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:0.7323 (3.81% from mid-rate)
To Amount (GBP) £7,312.02
Total Cost:3.95%
Difference:
£206 GBP less than using XE
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:0.7278 (4.4% from mid-rate)
To Amount (GBP) £7,267
Total Cost:4.54%
Difference:
£251 GBP less than using XE
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:0.7293 (4.2% from mid-rate)
To Amount (GBP) £7,220.07
Total Cost:5.16%
Difference:
£298 GBP less than using XE
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:0.7293 (4.2% from mid-rate)
To Amount (GBP) £7,220.07
Total Cost:5.16%
Difference:
£298 GBP less than using XE
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - See full table
 

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

PeriodChange*GBP/USDDate
1 Day-0.2%1.315805 Dec 2019
7 Day+1.6%1.292829 Nov 2019
30 Day+2.2%1.285506 Nov 2019
3 Month+6.9%1.228507 Sep 2019
1 Year+2.8%1.278006 Dec 2018
5 Year-15.8%1.559307 Dec 2014
10 Year-19.5%1.631108 Dec 2009

*For period to 06-Dec 21UTC when GBP/USD was 1.3136

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

PeriodChange*GBP/EURDate
1 Day+0.2%1.185005 Dec 2019
7 Day+1.2%1.173329 Nov 2019
30 Day+2.3%1.161306 Nov 2019
3 Month+7.6%1.104107 Sep 2019
1 Year+5.7%1.123406 Dec 2018
5 Year-6.1%1.265407 Dec 2014
10 Year+7.4%1.106108 Dec 2009

*For period to 06-Dec 21UTC when GBP/EUR was 1.1879

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

PeriodChange*GBP/AUDDate
1 Day-0.3%1.925805 Dec 2019
7 Day+0.4%1.912429 Nov 2019
30 Day+2.7%1.869406 Nov 2019
3 Month+7.1%1.793907 Sep 2019
1 Year+8.7%1.766806 Dec 2018
5 Year+2.7%1.869607 Dec 2014
10 Year+6.8%1.797908 Dec 2009

*For period to 06-Dec 21UTC when GBP/AUD was 1.9207

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