Pound Sterling (GBP) exchange rate
WE SELL RATE HISTORY OF Pound Sterling
WE BUY RATE HISTORY OF Pound Sterling
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POUND STERLING INFO
The Pound Sterling is the official currency of the United Kingdom. It’s legal tender in England, Scotland, Northern Ireland, Wales and other British territories where they co-exist with their own official currencies like in Gibraltar, The Isle of Man and Guernsey. We pay the same for Sterling, Irish and Scottish Pounds. For reasons beyond Eurochange we can not accept banknotes of 100 Scottish Pound.
Notes: 5, 10, 20, 50
Coins: 1, 2, 5, 10, 20, 50 pence and 1 y 2 pounds
More Info: Bank of England
Are you travelling to Benidorm, Torrevieja, Benalmadena or other mediterranean destination in Spain? Then you will need to exchange your Pounds into Euros. In Eurochange you can buy Euros at the best price and with total availability. Find the closest exchange office. Moreover, if you are going abroad, you can buy Pounds in some of our branches or you can buy them online.
We accept different kind of Pounds: Sterling, Norther Ireland, Scottish, Gibraltar and Jersey Pounds. Moreover, we give the same rate for all of them.
For reasons beyond Eurochange, we can’t accept 100 notes of any of the issuing Banks, the note of 5 Pounds of Gibraltar and the notes of 1, 5 and 50 Pounds of Jersey.
About the Sterling Pound
The Sterling Pound is the official currency of the United Kingdom, composed by Scotland, Wales, England and Northern Ireland. Its ISO 4217 code is GBP and is represented by the symbol £. Every pound is divided into 100 pence.
History of the currency of United Kingdom
In Anglo-Saxon England (V. century-XI. century) there was a monetary unit called Pound. The name came from because when weighed it came to a pound of silver and was divided into 240 pence. In XII century it began to be manufactured with sterling silver. This is how it got its second name.
February 15th 1971 was known as the "Decimal Day" and was the day the currency decimalized, a pound had gone from 240 pence to 100 pence worth, and so it has remained ever since.
Notes and coins of Sterling Pound
The Pound banknotes from the Bank of England are 5, 10, 20 and 50 Pounds. In the obverse of the notes appears the image of the Queen and on the back we can see different characters of history: Winston Churchill, Jane Austen, Adam Smith and Matthew Boulton.
From 2017 the paper note of 5 Pounds is not valid and we can only accept the note of polymer with the image of Winston Churchill. The note of 10 Pounds in polymer with the portrait of Jane Austen saw the light in September 2017 and since April 2018 the old 10 paper note is not valid. Since February 2020, the new 20-pound polymer banknote is in circulation, which will currently coexist with the paper banknote until the withdrawal date is announced.
STERLING POUND BANKNOTES IN CIRCULATION
The Pound coins in circulation are 1, 2, 5, 10, 20 and 50 pennies and 1, 2 and 5 pounds.
The Northern Ireland Pounds are issued by four banks. The issuance of these banks is regulated by the Bank of England. Banknotes of Northern Ireland are 5 (issued only by the Bank of Ireland and Ulster Bank), 10, 20 (issued by the four banks), 50 and 100 pounds (issued by the Bank of Ireland, Ulster Bank and First Trust Bank). Each bank has its own series with their own designs.
The 10, 20, 50 and 100 Pound notes issued by the First Trust Bank will no longer be valid on June 30, 2022. There will be no new issues by this bank.
As of February 2019 there are new polymer Northern Ireland Banknotes. The Bank of Ireland and the Ulster Bank have issued 5 and 10 Pound polymer notes and the Danske Bank has issued a new 10 Pound polymer note. At the moment, all notes will remain legal tender.
Scottish Pounds are issued by three banks. The issuance of these banks is regulated by the Bank of England. Scottish banknotes are 1 pound (issued only by The Royal Bank of Scotland) 5, 10, 20, 50 and 100 pounds. Each bank has its own series with their own designs.
The Pounds of Gibraltar are issued by the Government of Gibraltar. The notes of Gibraltarian Pound are 5, 10, 20, 50 and 100 Pounds. But in Eurochange we can’t accept the note of 5 Pounds. On one side of the notes appear the image of the Queen of England and in the other side appear different images of their history.
The Pounds of Jersey are issued by the Government of Jersey. The notes of Jersey Pound are 1, 5, 10, 20 and 50 Pounds. But in Eurochange we can’t accept the notes of 1, 5 and 50 Pounds. On one side of the notes appear the image of the Queen of England and in the other side appear different images of towers of the region.
Tips to travel to the United Kingdom
At Eurochange's blog you will find many posts with travel tips to visit the United Kingdom. E.g. a guide to calculate how many Pounds bring for your trip, 5 places to see in Scotland, 5 different museums in London or how to celebrate New Year's Eve in the british capital.
How many Pounds do I need to travel to the UK?
If you do not know how much money to take on your trip to London, Edinburgh or any other city in the UK, it will be our pleasure to help you decide. Eurochange customers usually take around 550 Euros in Sterling. To calculate the amount of money you might need take into account if you have to pay for hotels, rental cars, excursions or tickets, among other things, or whether you will only need to take the money needed for day-to-day expenses such as food, transport or shopping.