Currency Rate British Pound to USD
Our Currency Rate GBP latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the GBP. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
£ 1.248581
Selling rate
£1.320385
The British Pound Sterling, commonly abbreviated as GBP, is the official currency of the United Kingdom, which includes England, Scotland, Wales, and Northern Ireland. It is also used in the British Overseas Territories of Gibraltar, the Falkland Islands, Saint Helena, Ascension Island, and Tristan da Cunha. The GBP is symbolized as "£."
Currency Details
Symbol: £
ISO Code: GBP
Subunits: 1 Pound = 100 pence
Banknotes and Coins
The GBP is available in both coins and banknotes:
Coins:
1 penny (1p)
2 pence (2p)
5 pence (5p)
10 pence (10p)
20 pence (20p)
50 pence (50p)
1 pound (£1)
2 pounds (£2)
Banknotes:
£5
£10
£20
£50
.
History and Background
The British Pound Sterling has a long history dating back to Anglo-Saxon times. The modern pound was established in 1694 when the Bank of England was founded. It has since become one of the oldest currencies still in use today.
Economic Significance
The GBP is one of the world's major reserve currencies and is pivotal to the global economy. The United Kingdom has a diverse economy, with key sectors including finance, manufacturing, services, and energy. The pound's value is influenced by various factors, including economic policies, inflation rates, and geopolitical events.
Usage and Exchange
The GBP is widely accepted in the United Kingdom and its territories for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for British pounds is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Currency Details
Symbol: £
ISO Code: GBP
Subunits: 1 Pound = 100 pence
Banknotes and Coins
The GBP is available in both coins and banknotes:
Coins:
1 penny (1p)
2 pence (2p)
5 pence (5p)
10 pence (10p)
20 pence (20p)
50 pence (50p)
1 pound (£1)
2 pounds (£2)
Banknotes:
£5
£10
£20
£50
.
History and Background
The British Pound Sterling has a long history dating back to Anglo-Saxon times. The modern pound was established in 1694 when the Bank of England was founded. It has since become one of the oldest currencies still in use today.
Economic Significance
The GBP is one of the world's major reserve currencies and is pivotal to the global economy. The United Kingdom has a diverse economy, with key sectors including finance, manufacturing, services, and energy. The pound's value is influenced by various factors, including economic policies, inflation rates, and geopolitical events.
Usage and Exchange
The GBP is widely accepted in the United Kingdom and its territories for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for British pounds is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
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