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Top Currencies
USD - US Dollar
EUR - Euro
GBP - Pound Sterling
CAD - Canadian Dollar
CHF - Swiss Franc
AUD - Australian Dollar
INR - Indian Rupee
CNY - Chinese Yuan Renminbi
JPY - Japanese Yen
All Currencies
AED - Emirati Dirham
AFN - Afghan Afghani
ALL - Albanian Lek
AMD - Armenian Dram
ANG - Netherlands Antillean Guilder
AOA - Angolan Kwanza
ARS - Argentine Peso
AWG - Aruban Florin
AZN - Azerbaijani Manat
BAM - Bosnia And Herzegovina Convertible Mark
BBD - Barbadian Dollar
BDT - Bangladeshi Taka
BGN - Bulgarian Lev
BHD - Bahraini Dinar
BIF - Burundian Franc
BMD - Bermudian Dollar
BND - Brunei Dollar
BOB - Bolivian Boliviano
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BSD - Bahamian Dollar
BTC - Bitcoin
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BWP - Botswana Pula
BYR - Belarusian Ruble
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COP - Colombian Peso
CRC - Costa Rican Colon
CUC - Cuban Convertible Peso
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CVE - Cape Verdean Escudo
CZK - Czech Koruna
DJF - Djiboutian Franc
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DOP - Dominican Peso
DZD - Algerian Dinar
EEK - Estonian Kroon
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ERN - Eritrean Nakfa
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GEL - Georgian Lari
GGP - Guernsey Pound
GHS - Ghana Cedi
GIP - Gibraltar Pound
GMD - Gambian Dalasi
GNF - Guinean Franc
GTQ - Guatemalan Quetzal
GYD - Guyanese Dollar
HKD - Hong Kong Dollar
HNL - Honduran Lempira
HRK - Croatian Kuna
HTG - Haitian Gourde
HUF - Hungarian Forint
IDR - Indonesian Rupiah
ILS - Israeli New Shekel
IMP - Isle of Man Pound
IQD - Iraqi Dinar
IRR - Iranian Rial
ISK - Icelandic Krona
JEP - Jersey Pound
JMD - Jamaican Dollar
JOD - Jordanian Dinar
KES - Kenyan Shilling
KGS - Kyrgyzstani Som
KHR - Cambodian Riel
KMF - Comorian Franc
KPW - North Korean Won
KRW - South Korean Won
KWD - Kuwaiti Dinar
KYD - Cayman Islands Dollar
KZT - Kazakhstani Tenge
LAK - Lao Kip
LBP - Lebanese Pound
LKR - Sri Lankan Rupee
LRD - Liberian Dollar
LSL - Lesotho Loti
LTL - Lithuanian Litas
LVL - Latvian Lat
LYD - Libyan Dinar
MAD - Moroccan Dirham
MDL - Moldovan Leu
MGA - Malagasy Ariary
MKD - Macedonian Denar
MMK - Burmese Kyat
MNT - Mongolian Togrog
MOP - Macanese Pataca
MRO - Mauritanian Ouguiya
MUR - Mauritian Rupee
MVR - Maldivian Rufiyaa
MWK - Malawian Kwacha
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NAD - Namibian Dollar
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NIO - Nicaraguan Cordoba
NOK - Norwegian Krone
NPR - Nepalese Rupee
NZD - New Zealand Dollar
OMR - Omani Rial
PAB - Panamanian Balboa
PEN - Peruvian Nuevo Sol
PGK - Papua New Guinean Kina
PHP - Philippine Peso
PKR - Pakistani Rupee
PLN - Polish Zloty
PYG - Paraguayan Guarani
QAR - Qatari Riyal
RON - Romanian Leu
RSD - Serbian Dinar
RUB - Russian Ruble
RWF - Rwandan Franc
SAR - Saudi Riyal
SBD - Solomon Islands Dollar
SCR - Seychellois Rupee
SDG - Sudanese Pound
SEK - Swedish Krona
SGD - Singapore Dollar
SHP - Saint Helena Pound
SLL - Sierra Leonean Leone
SOS - Somali Shilling
SPL - Seborga Luigino
SRD - Surinamese Dollar
STD - São Tomé And Príncipe Dobra
SVC - Salvadoran Colon
SYP - Syrian Pound
SZL - Swazi Lilangeni
THB - Thai Baht
TJS - Tajikistani Somoni
TMM - Old Turkmenistan Manat
TMT - Turkmenistan Manat
TND - Tunisian Dinar
TOP - Tongan Pa?anga
TRY - Turkish Lira
TTD - Trinidad And Tobago Dollar
TVD - Tuvaluan Dollar
TWD - New Taiwan Dollar
TZS - Tanzanian Shilling
UAH - Ukrainian Hryvnia
UGX - Ugandan Shilling
UYU - Uruguayan Peso
UZS - Uzbekistani Som
VEB - Venezuela Bolivar
VEF - Venezuelan Bolivar
VND - Vietnamese Dong
VUV - Vanuatu Vatu
WST - Samoan Tala
XAF - Central African Cfa Franc
XCD - East Caribbean Dollar
XDR - Special Drawing Rights
XOF - West African Cfa Franc
XPF - CFP Franc
YER - Yemeni Rial
ZAR - South African Rand
ZMK - Zambian Kwacha
ZWD - Zimbabwean Dollar

GBP - Pound Sterling

The currency used by the United Kingdom is known as the Pound Sterling, which is also written out in full as the United Kingdom Sterling and popular exchange rate is EUR to GBP. The currency symbol for the Pound Sterling is £, while the currency code is GBP. You might see either of these listed in any exchange rate. You can find the most up-to-date Pound Sterling rates as well as a convenient currency converter above.

Top GBP Cross Rates

USD

EUR

CAD

CHF

AUD

CNY

JPY

1 GBP 1.29843 1.15522 1.73952 1.26265 1.73043 8.92153 144.97118
Inverse: 0.77016 0.86564 0.57487 0.79199 0.57789 0.11209 0.00690

Description

  • Short: GBP
  • Long: Pound Sterling
  • Country: United Kingdom
  • Symbol: £
  • Central Bank Name: Bank of England
  • Central Bank Website: www.bankofengland.co.uk
  • Unit: 1/100
  • Cent: penny
  • Coins: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2
  • Banknotes: £5, £10, £20, £50

British Pound – Information on the British Pound

The British pound, also known as the sterling pound, is the official currency of the United Kingdom and all of its territories. It has been used as the official money on international trade for centuries and is one of the "basket of world currencies" that includes the US dollar, the Japanese Yen and the Euro. The official ISO 4217 code for the pound is GBP. It is issued only by the Bank of England . There are several other currencies used around the world that are also referred to as a "pound," but none of them are officially tied to the British sterling pound. The British pound can be split up into 100 smaller denominations known as pence. The singular of pence is penny, which is not related to the American penny.

History

The "pound" gets its full name of "sterling pound" from the fact that its original value was determined by the value of one pound of sterling silver. It was devised when the Anglo-Saxons rules the British mainland and the pound remained intact when the Anglo-Saxons fell out of power.

The earliest known use of sterling silver as currency can be traced back to the eighth century and King Offa. He had developed a currency system based on a silver penny, which was actually a derivative of the Frankish Empire's currency system. The currency converter from one silver penny to a pound came from the Carolingian system of currency which stated that 240 pennies equaled one pound. King Offa used 240 of his silver pennies to device the unit of currency known as the sterling pound.

When the penny and pound was first introduced, the coins were made with the purest silver that could be found. But in 1158, King Henry II standardized this rather random purity system by stating that a sterling pound would always be 92.5 percent pure silver. The rest was filler metal. This was the standard used until the early 1900s when it was changed again.

Sterling silver is the kind of silver used to make a 92.5 percent pure coin. Fine silver is a more valuable sort of coin that is made using 99.9 percent silver. The British found it easier to adhere to the sterling silver criteria and that is why the sterling silver pound became common.

Facts

The Bank of England was officially established in 1694. Almost from its very inception, the Bank of England was issuing paper money along with silver coins.
The value Scottish and Irish pounds are based on the sterling pound and that has allowed the British Isles to be able to do currency conversions for centuries.
The five pound, 10 pound and 20 pound notes are more commonly used than the one pound note.
The symbol for the sterling pound is £. It can appear with one or two lines through it. The central character in the pound symbol is the letter "L". This letter was used because the Roman word "librae" was used to measure currency in the ancient times.
The GBP symbol is sometimes mistakenly replaced with UKP. The GBP stands for "Great Britain Pound" and the UKP stands for "United Kingdom Pound." The UKP symbol is incorrect because the United Kingdom includes Ireland and Scotland. Both Ireland and Scotland have their own version of the pound currency.

Nicknames

The nicknames used for the sterling pound have been around for centuries. Some of the nicknames refer to specific denominations of the pound, while other nicknames refer directly to the pound itself. Some of the more common sterling pound nicknames are:

  • Quid
  • Ster
  • Stg
  • Sterling
  • Pence
  • Farthing

Regions

The sterling pound is the official currency of England as well as its direct territories. Those territories include:

  • British Antarctic Territory
  • Falkland Islands
  • Gibraltar
  • Guernsey
  • Isle of Man
  • Jersey
  • Saint Helena
  • Ascension
  • Tristan de Cunha
  • South Georgia
  • South Sandwich Islands
  • British Indian Ocean Territories

Other countries that recognize and use the sterling pound include:

  • Uganda
  • Zimbabwe
  • Zambia
  • Sierra Leone
  • Tanzania
  • Rwanda
  • Malawi
  • Botswana
 
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