» Welcome to Currency Converter Calculator      

British Pound Sterling (GBP) Exchange Rates on 19th March 2024 (19/03/2024)

Enter the amount you want to convert, select the second currency and hit 'Enter' or click outside the area.



Exchange rates for British Pound Sterling (GBP)

Updated: 2024-03-19
Convert from Convert to 1 GBP Conversion in currency Conversion
GBP GBP GBP GBP 1 GBP to GBP 1 GBP to GBP
GBP GBP BGN BGN 2.288 GBP to BGN 0.4371 BGN to GBP
GBP GBP HRK HRK 8.7559 GBP to HRK 0.1142 HRK to GBP
GBP GBP CZK CZK 29.5289 GBP to CZK 0.0339 CZK to GBP
GBP GBP DKK DKK 8.7244 GBP to DKK 0.1146 DKK to GBP
GBP GBP EEK EEK 0 GBP to EEK 0 EEK to GBP
GBP GBP HUF HUF 462.1104 GBP to HUF 0.0022 HUF to GBP
GBP GBP KZT KZT 574.4062 GBP to KZT 0.0017 KZT to GBP
GBP GBP LVL LVL 0.7696 GBP to LVL 1.2995 LVL to GBP
GBP GBP LTL LTL 0 GBP to LTL 0 LTL to GBP
GBP GBP MKD MKD 71.9951 GBP to MKD 0.0139 MKD to GBP
GBP GBP MDL MDL 22.5691 GBP to MDL 0.0443 MDL to GBP
GBP GBP NOK NOK 13.5676 GBP to NOK 0.0737 NOK to GBP
GBP GBP PLN PLN 5.0576 GBP to PLN 0.1977 PLN to GBP
GBP GBP RON RON 5.8162 GBP to RON 0.1719 RON to GBP
GBP GBP RUB RUB 116.3208 GBP to RUB 0.0086 RUB to GBP
GBP GBP SKK SKK 0 GBP to SKK 0 SKK to GBP
GBP GBP SEK SEK 13.2722 GBP to SEK 0.0753 SEK to GBP
GBP GBP CHF CHF 1.1298 GBP to CHF 0.8851 CHF to GBP
GBP GBP TRY TRY 41.1421 GBP to TRY 0.0243 TRY to GBP
GBP GBP UAH UAH 49.7649 GBP to UAH 0.0201 UAH to GBP
Updated: 2024-03-19
Convert from Convert to 1 GBP Conversion in currency Conversion
GBP GBP ARS ARS 1084.0515 GBP to ARS 0.0009 ARS to GBP
GBP GBP BOB BOB 8.8171 GBP to BOB 0.1134 BOB to GBP
GBP GBP BRL BRL 6.3988 GBP to BRL 0.1563 BRL to GBP
GBP GBP CAD CAD 1.7229 GBP to CAD 0.5804 CAD to GBP
GBP GBP KYD KYD 1.0636 GBP to KYD 0.9402 KYD to GBP
GBP GBP CLP CLP 1204.6779 GBP to CLP 0.0008 CLP to GBP
GBP GBP COP COP 4948.453 GBP to COP 0.0002 COP to GBP
GBP GBP CRC CRC 649.3033 GBP to CRC 0.0015 CRC to GBP
GBP GBP DOP DOP 75.4887 GBP to DOP 0.0132 DOP to GBP
GBP GBP SVC SVC 11.1669 GBP to SVC 0.0896 SVC to GBP
GBP GBP FJD FJD 2.8856 GBP to FJD 0.3466 FJD to GBP
GBP GBP HNL HNL 31.5147 GBP to HNL 0.0317 HNL to GBP
GBP GBP JMD JMD 196.7321 GBP to JMD 0.0051 JMD to GBP
GBP GBP MXN MXN 21.4233 GBP to MXN 0.0467 MXN to GBP
GBP GBP ANG ANG 2.2995 GBP to ANG 0.4349 ANG to GBP
GBP GBP PYG PYG 9307.0303 GBP to PYG 0.0001 PYG to GBP
GBP GBP PEN PEN 4.7049 GBP to PEN 0.2125 PEN to GBP
GBP GBP TTD TTD 8.655 GBP to TTD 0.1155 TTD to GBP
GBP GBP USD USD 1.2722 GBP to USD 0.786 USD to GBP
GBP GBP UYU UYU 49.0221 GBP to UYU 0.0204 UYU to GBP
GBP GBP VEF VEF 4611995.8938 GBP to VEF 0 VEF to GBP
Updated: 2024-03-19
Convert from Convert to 1 GBP Conversion in currency Conversion
GBP GBP AUD AUD 1.9455 GBP to AUD 0.514 AUD to GBP
GBP GBP BDT BDT 140.0387 GBP to BDT 0.0071 BDT to GBP
GBP GBP BND BND 1.7064 GBP to BND 0.586 BND to GBP
GBP GBP CNY CNY 9.1582 GBP to CNY 0.1092 CNY to GBP
GBP GBP INR INR 105.5091 GBP to INR 0.0095 INR to GBP
GBP GBP IDR IDR 19986.527 GBP to IDR 0.0001 IDR to GBP
GBP GBP JPY JPY 190.5169 GBP to JPY 0.0052 JPY to GBP
GBP GBP MYR MYR 6.015 GBP to MYR 0.1662 MYR to GBP
GBP GBP MVR MVR 19.5985 GBP to MVR 0.051 MVR to GBP
GBP GBP NPR NPR 169.2883 GBP to NPR 0.0059 NPR to GBP
GBP GBP NZD NZD 2.0959 GBP to NZD 0.4771 NZD to GBP
GBP GBP PKR PKR 356.8833 GBP to PKR 0.0028 PKR to GBP
GBP GBP PGK PGK 4.8109 GBP to PGK 0.2079 PGK to GBP
GBP GBP PHP PHP 70.9064 GBP to PHP 0.0141 PHP to GBP
GBP GBP SCR SCR 17.2415 GBP to SCR 0.058 SCR to GBP
GBP GBP SGD SGD 1.7049 GBP to SGD 0.5865 SGD to GBP
GBP GBP KRW KRW 1701.9992 GBP to KRW 0.0006 KRW to GBP
GBP GBP LKR LKR 388.8061 GBP to LKR 0.0026 LKR to GBP
GBP GBP TWD TWD 40.3668 GBP to TWD 0.0248 TWD to GBP
GBP GBP THB THB 45.7934 GBP to THB 0.0218 THB to GBP
Updated: 2024-03-19
Convert from Convert to 1 GBP Conversion in currency Conversion
GBP GBP BHD BHD 0.4794 GBP to BHD 2.086 BHD to GBP
GBP GBP EGP EGP 59.9317 GBP to EGP 0.0167 EGP to GBP
GBP GBP HKD HKD 9.9496 GBP to HKD 0.1005 HKD to GBP
GBP GBP ILS ILS 4.6463 GBP to ILS 0.2152 ILS to GBP
GBP GBP JOD JOD 0.9019 GBP to JOD 1.1088 JOD to GBP
GBP GBP KWD KWD 0.391 GBP to KWD 2.5576 KWD to GBP
GBP GBP LBP LBP 114281.769 GBP to LBP 0 LBP to GBP
GBP GBP OMR OMR 0.4897 GBP to OMR 2.0419 OMR to GBP
GBP GBP QAR QAR 4.6318 GBP to QAR 0.2159 QAR to GBP
GBP GBP SAR SAR 4.7703 GBP to SAR 0.2096 SAR to GBP
GBP GBP AED AED 4.6713 GBP to AED 0.2141 AED to GBP
GBP GBP YER YER 318.5 GBP to YER 0.0031 YER to GBP
Updated: 2024-03-19
Convert from Convert to 1 GBP Conversion in currency Conversion
GBP GBP DZD DZD 171.0265 GBP to DZD 0.0058 DZD to GBP
GBP GBP KES KES 172.9194 GBP to KES 0.0058 KES to GBP
GBP GBP MUR MUR 58.4821 GBP to MUR 0.0171 MUR to GBP
GBP GBP MAD MAD 12.8243 GBP to MAD 0.078 MAD to GBP
GBP GBP NAD NAD 24.134 GBP to NAD 0.0414 NAD to GBP
GBP GBP NIO NIO 46.9737 GBP to NIO 0.0213 NIO to GBP
GBP GBP NGN NGN 1991.3001 GBP to NGN 0.0005 NGN to GBP
GBP GBP SLL SLL 28742.5172 GBP to SLL 0 SLL to GBP
GBP GBP ZAR ZAR 24.1297 GBP to ZAR 0.0414 ZAR to GBP
GBP GBP TZS TZS 3246.6975 GBP to TZS 0.0003 TZS to GBP
GBP GBP TND TND 3.9474 GBP to TND 0.2533 TND to GBP
GBP GBP UGX UGX 4958.4473 GBP to UGX 0.0002 UGX to GBP
GBP GBP XOF XOF 767.829 GBP to XOF 0.0013 XOF to GBP
GBP GBP ZMK ZMK 11451.4802 GBP to ZMK 0.0001 ZMK to GBP

British Pound Sterling (GBP)

Sign £
1 Pound is subdivided into 100 pence.

GBP is the currency code for the pound sterling which is represented in accounting with the � symbol. The GBP is the fourth most traded currency and third most widely held reserve currency in the world. It is issued by the second oldest central bank in the world, the Bank of England, once known as the Governor and Company of the Bank of England. The Bank of England was, at its formation in 1694, a private bank until 1931 when it was placed under the control of the British Treasury Department with it finally being fully nationalized in 1946. This is how it remained until 1998 when it was returned to the Treasury, this time as a wholly owned, yet independent public organization.

Coins used:
- frequently used: 1p, 2p, 5p, 10p, 20p, 50p, �1, �2
- rarely used: �5

Banknotes used:
- frequently used: �5, �10, �20
- rarely used: �1 (Scot. & IoM only), �50, �100 (Scot. & N. Ireland only)

Central Bank
Bank of England
http://www.bankofengland.co.uk
The Bank of England issues GBP currency within Wales and England and controls GBP issuance in Scotland and Northern Ireland. Though it retains this sovereign control over GBP in these core countries, there are 7 other central banks that have the power to issue GBP throughout the United Kingdom, each in their own respective countries.

This is because GBP is the official currency of the entire United Kingdom, the Channel Islands, the Isle of Man, as well as British dependencies and territories such as South Georgia, the South Sandwich Islands, British Antarctica, as well as Tristan da Cunha. Each of these dependencies and territories have their own issuances of GBP. While not the only major currency in the world that is issued by more than a single central bank, the GBP is the largest currency that has this unique characteristic. This makes it particularly difficult to understand the specific movement of the currency relative to worldwide markets because it is in fact not reflective of the monetary policy or economic condition of a particular nation. The issuance is spread across multiple economies and varied economic conditions as well as the local monetary policy responses to those conditions at any given time.

Therefore even though the Bank of England has a Monetary Policy Committee (MPC), their power over the GBP is limited. This limitation is increased with knowing that the MPC itself is responsible for carrying out directives from the Treasury if such directives are also backed by Parliament. Short of these additional directives, the Bank of England MPC is tasked with pursuing the economic target of price stability through the setting of interest rates. The MPC is comprised of 8 directors and the Governor of the Bank of England. The MPC is designed to be independent of political influence yet is accountable to both the Treasury and Parliament, this accountability certainly influences decisions made, albeit indirectly. The MPC has a substantial impact on the circulation and valuation of the GBP.

The value of the historical currencies of England in the 17th century was as an enforceable legal tender value relative to gold. By 1816 the direct relation of British currency relative to silver was established, this being the first precursor to the existing name as the pound sterling, but as the underlying currency fluctuating between being used as legal tender and simply as a value based banknote. Over time the British currency switched between the gold and silver standard with the any standard being completely abolished in 1914. After World War I they returned to a version of the gold standard in order to stifle post war inflation. The gold standard was once again abolished at the outset of the Great Depression, in 1931, causing a sudden devaluation of the GBP by over 25%. Nine years later in 1940, the Bretton Woods system was adopted and the GBP was pegged to the USD. This held until the pressures of post World War II debt forced England to devalue the currency over 30% in 1949, yet they still remained within Bretton Woods, simply at a lower valuation. In the 1960's with the exchange rate remaining at the 1949 fixed point relative to the USD the GBP was devalued again this time by 14.3% in November 1967. When Bretton Woods finally disintegrated in 1971, the GBP became a de facto floating currency and has remained as such to the current day.

This long history of the GBP shows the ways in which some valuations and currencies can experience long periods of stability and then bounce through different standards, valuations, and policies within a single decade. Within each of these movements there is a complexity of international issues and interdependence that affects each new development. The most recent of which is the debate of whether the GBP should be consolidated into the euro. This consolidation would be complex given the dispersed central bank structure of the GBP and could include a partial transfer of the GBP to EUR leaving the remaining GBP issuers outside the eurozone. This is treated primarily as a political topic relative to the GBP and yet it can and will have a substantial impact on the economies of the United Kingdom as well as all those using it not only as a reserve currency to supplement the euro, effectively narrowing their diversification, but also for those that see the largess of the United Kingdom economy substantially influencing the current dynamics within the eurozone.

These are all value and circulation issues that will drastically impact the GBP as a currency over the next 2-10 years. Aside from the political issues of circulation, absorption into the euro, and standards of value is the current issue of GBP acceptance as legal tender. As it stands, similar to the CAD, which has its roots in ties to the GBP, there are maximum legal values set for acceptance of the GBP as legal tender. These guidelines place maximum restrictions at 20p with 1p or 2p coins, �5 with 5p or 10p coins, �10 with 20p through 50p coins, and unlimited with �1-� 5 coins. There is no restriction on the acceptance of banknotes as legal tender.

The GBP is a complex currency that is difficult to forecast given the diversity of central banks and corresponding economies to which each serves. This is further complicated when noting the rapidly changing history of the standard of value connected and rapidly changing history of the GBP, this combines further with the uncertainty of joining the eurozone and the consequences that will result. All of these factors combine to form an uncertain future for the GBP and its place within world trade and as a sovereign currency.

Other References
Wikipedia article on British Pound Sterling

Have more info on the British Pound Sterling? Please contact us