Check out our Great British Pound Sterling exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.

History of the Great British Pound Sterling

Denoted as GBP, the Great British pound sterling is the United Kingdom's official currency as well as the oldest currency still in use. Its origin can be traced all the way back to the time of Charlemagne's Frankish empire in the late 700s A.D. Over the last 1300 years, the pound has undergone significant changes in its rich history. The modern currency was established in 1694 when the Bank of England was formed during the reign of Mary II, just a few years after the pound essentially found itself inadvertently on a gold standard, despite a preference for dealing in silver. More recently, the United Kingdom entered into an agreement with the United States in 1940 to peg the pound to the US dollar - a rate that was maintained throughout World War II before becoming part of the Bretton Woods system. A decimalized currency since 1971, the pound sterling is today the third-largest reserve currency, following only the US dollar and the relatively new Euro. Among the top three, it is the world's most highly valued major currency unit.

Historical Pound to Other Currency Conversion Rates

Because of its relative stability, the pound has been pegged by dozens upon dozens of currencies in its long history, including the Hong Kong dollar, the Norwegian kroner, the Singapore dollar, the Swedish krona, the US dollar, and others. Along with the US dollar, the Great British pound sterling is the most commonly pegged currency in the world. Historically, the pound has fared very well in comparison to all other currencies, and has seen conversion rates in its favor for quite some time. It remains among the most iconic currencies in the world at large, and should stay that way for some time.

Convert GBP to other currencies - Recent Currency Exchange Rates

Even before its introduction into use in 2000, the question of whether the United Kingdom should do away with the British pound and move to the Euro has been a controversial and often debated one. Most recently Prime Minister Gordon Brown concluded that at this time it is not in the U.K.'s best interest to join the Euro, citing in particular house price fluctuations. Further, Brown noted that the general population opposes such a move. Freely bought and sold around the globe on foreign exchange markets, the pound's value is relative to other currencies, and thus it fluctuates. In mid-August 2009 it was worth $1.666 USD or €1.176 GBP. Current exchange rates range from miniscule differences (e.g., a rate of 0.00320059 GBP to the Hungarian forint) to based on the country in comparison, but the British pound sterling still remains as the leader of the pack.

Today's Great British Pound Sterling exchange rates

I want to buy using

Currently we are only accepting payments in Pounds Sterling from UK residents.