South Georgia and South Sandwich Islands - Pound Sterling - Currency Guide

This is a currency guide to the South Georgia and South Sandwich Islands, the Pound Sterling currency plus sending (GBP) transfers and travel tips for the South Georgia and South Sandwich Islands.

 
 
CountrySouth Georgia and South Sandwich Islands
FlagSouth Georgia and South Sandwich Islands
Country CodeGS
Domestic Currency Pound Sterling
Currency Symbol£
Currency CodeGBP
Exchange RateGBP/USD = 1.2455
Telephone Prefix+500

Quick Conversions from Pound Sterling to US Dollar

GBP

USD

£ 1
U$ 1.2455
£ 5
U$ 6.2275
£ 10
U$ 12.46
£ 20
U$ 24.91
£ 50
U$ 62.28
£ 100
U$ 124.55
£ 250
U$ 311.38
£ 500
U$ 622.75
£ 1,000
U$ 1,246
£ 2,000
U$ 2,491
£ 5,000
U$ 6,228
£ 10,000
U$ 12,455
£ 50,000
U$ 62,275
£ 100,000
U$ 124,550
More amounts

GBP

USD

£ 0.8029
U$ 1
£ 4.0145
U$ 5
£ 8.0290
U$ 10
£ 16.06
U$ 20
£ 40.15
U$ 50
£ 80.29
U$ 100
£ 200.73
U$ 250
£ 401.45
U$ 500
£ 802.90
U$ 1,000
£ 1,606
U$ 2,000
£ 4,015
U$ 5,000
£ 8,029
U$ 10,000
£ 40,145
U$ 50,000
£ 80,290
U$ 100,000
More amounts

To calculate specific GBP/USD amounts use our Convert GBP to USD quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view GBP to USD Rate Guide.

South Georgia and South Sandwich Islands Currency Info

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.


Frequently Asked Questions


What currency should I use in the South Georgia and South Sandwich Islands?

The domestic currency in the South Georgia and South Sandwich Islands is the Pound Sterling.

What is the Pound Sterling currency code and symbol?

The three letter currency code for the Pound Sterling is GBP — symbol is £.

Which countries use the Pound Sterling?

It is the domestic currency in United Kingdom, Guernsey, Isle of Man, Jersey and South Georgia and South Sandwich Islands.

Is the Pound Sterling a closed currency?

No, the Pound Sterling is freely available and convertible. See guide: What is a closed currency?


Pound Sterling (GBP) in the markets

With the Bank of England holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For more details read the full article Pound Sterling Forecasts.

The interactive chart below shows the GBP to USD exchange rate and trend for the previous 3 months:

ALERT:7-DAY8.6% 🔔|
GBP/USD at 1.2457 was trading 3.1% below AVG:1.2856 with LO:1.1467 and HI:1.3346 (90 days). ALERT: GBP/USD is UP 8.6% this 7-DAY period.
27-MAR 6PM-NY 10PM-LON 28-MAR 6AM-HK 9AM-SYD
Booking.com

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 Pounds 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 Pounds Sterling otherwise you may get much worst exchange rates.

 

the South Georgia and South Sandwich Islands Trip Checklist    

 
  1. Compare GBP travel cash rates - probably why you are here!
  2. Book Flights
  3. Travel insurance - for those unexpected travel adventures!
  4. 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 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 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 Pounds Sterling 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 Pounds Sterling deposited into the recipient bank account and less margins and fees kept by the banks!

 

Bank Transfers to the South Georgia and South Sandwich Islands

Compare Transfer Rates

Pound Sterling to US Dollar - Historical Rates

PeriodChange*GBP/USDDate
1 Day+2.1%1.219626 Mar 2020
7 Day+6.9%1.165020 Mar 2020
30 Day-3.5%1.290626 Feb 2020
3 Month-4.8%1.308028 Dec 2019
1 Year-4.6%1.305328 Mar 2019
5 Year-16.4%1.489429 Mar 2015
10 Year-17.4%1.508330 Mar 2010

*For period to 27-Mar 21UTC when GBP/USD was 1.2457

Pound Sterling to Euro - Historical Rates

PeriodChange*GBP/EURDate
1 Day+1%1.103926 Mar 2020
7 Day+3%1.082520 Mar 2020
30 Day-5.9%1.185626 Feb 2020
3 Month-4.7%1.170528 Dec 2019
1 Year-4%1.162428 Mar 2019
5 Year-18.5%1.368029 Mar 2015
10 Year-0.7%1.123630 Mar 2010

*For period to 27-Mar 21UTC when GBP/EUR was 1.1154

Pound Sterling to Australian Dollar - Historical Rates

PeriodChange*GBP/AUDDate
1 Day+0.7%2.006526 Mar 2020
7 Day+0.5%2.011020 Mar 2020
30 Day+2.5%1.971326 Feb 2020
3 Month+7.9%1.873228 Dec 2019
1 Year+9.6%1.843028 Mar 2019
5 Year+5%1.924729 Mar 2015
10 Year+23.1%1.641330 Mar 2010

*For period to 27-Mar 21UTC when GBP/AUD was 2.0205


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