Foreign Exchange Guide to the South Georgia And South Sandwich Islands
British pound sterling
The domestic currency in the South Georgia And South Sandwich Islands is the British pound sterling with currency code GBP. Read this foreign exchange guide to the South Georgia And South Sandwich Islands and the British pound sterling with money transfer and travel tips plus British pound sterling exchange cross rates.
In this guide we review :
- British pound sterling info - general info about the British pound sterling
- British pound sterling in the markets - recent GBP moves and predictions from the FX markets
- Travelling in the South Georgia And South Sandwich Islands - currency & money saving tips
- Buying British pound sterling cash online - travel money for the South Georgia And South Sandwich Islands
- 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
- British pound sterling exchange rates - latest & historic exchange rates.
British pound sterling (GBP) general currency information
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.
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?
British pound sterling (GBP) in the markets
The pound will buy 1.41 dollars in the second half of 2019, according to the median estimate of 50 FX analysts polled by Reuters in June – a rate 5 percent higher than those at the time of writing (June 8th) near 1.34 dollars.
If the forecast proves accurate, this would mean that by the time Britain leaves the European Union next March, it will have recouped most of its post-Brexit losses. Britain’s currency averaged 1.45 dollars in the six-months leading up to the EU referendum in June 2016.
Results from the Reuters poll suggest that most analysts expect Britain to achieve a good divorce deal with the EU.
However, expectations are lower than they once were. In April, when a rate hike by the Bank of England seemed imminent, the twelve-month median forecast of analysts stood at 1.44. Expectations for a rate hike were shattered (now expected in August) after BoE Governor Mark Carney gave dovish remarks to the BBC and after a string of disappointing economic data, including quarterly UK economic growth at just 0.1 percent – a five-year low.
Against the euro, sterling was little changed between September ‘17 and June ’18 (it was marginally higher), at levels close to 1.14 euros.
The interactive chart below shows the GBP to USD 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.
South Georgia And South Sandwich Islands Trip Checklist
- Compare GBP travel cash rates - probably why you are here!
- Lonely Planet - world's best travel guide (coupon and deals)
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 Exchange Rates Compared
Buying GBP Cash with USD 1,000
Rate timestamp : Sat Jun 23 2018 23:00:03 GMT+0000 (UTC)
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).
Getting a better deal when sending money 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or British pound sterling amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- 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!
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
Compare Foreign Transfers
Sending USD 10,000 to GBP
Rate timestamp : Sat Jun 23 2018 23:03:14 GMT+0000 (UTC)