What you should know about...
British Pounds (GBP)
The GBP is the official currency of the uk, with the symbol £.
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Exchange and transfer fees, fair usage limits, and T&Cs apply.
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British Pounds to Australian Dollars: Exchange rates today
 GBP | GBP |
|---|---|
| 1 GBP | 1.00 GBP |
| 10 GBP | 10.00 GBP |
| 20 GBP | 20.00 GBP |
| 50 GBP | 50.00 GBP |
| 100 GBP | 100.00 GBP |
| 250 GBP | 250.00 GBP |
| 300 GBP | 300.00 GBP |
| 500 GBP | 500.00 GBP |
| 1,000 GBP | 1,000.00 GBP |
| 2,000 GBP | 2,000.00 GBP |
| 5,000 GBP | 5,000.00 GBP |
| 10,000 GBP | 10,000.00 GBP |
| GBP | GBP |
|---|---|
| 1 GBP | 1.00 GBP |
| 10 GBP | 10.00 GBP |
| 20 GBP | 20.00 GBP |
| 50 GBP | 50.00 GBP |
| 100 GBP | 100.00 GBP |
| 250 GBP | 250.00 GBP |
| 300 GBP | 300.00 GBP |
| 500 GBP | 500.00 GBP |
| 1,000 GBP | 1,000.00 GBP |
| 2,000 GBP | 2,000.00 GBP |
| 5,000 GBP | 5,000.00 GBP |
| 10,000 GBP | 10,000.00 GBP |
Exchange rates are dynamic. Always remember to check the applicable rate in-app before carrying out your exchange.
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Learn more about the British Pounds
History
The British Pounds was established as the official currency of the uk in 1971 (decimalisation). Its introduction was a key development for the nation, and it continues to be a central part of the economic landscape of both the uk and Europe. Check our guide about the evolution of GBP to GBP to learn more about their exchange rate history.Characteristics
The British Pounds is divided into Penny (plural: pence). You'll find British Pounds banknotes in 5, 10, 20, 50 pounds and coins in 1, 2 pounds; 1, 2, 5, 10, 20, 50 pence.Monetary policy
The British Pounds is managed by the Bank of England, which is responsible for the currency's monetary policy and currency's value. This approach allows the currency to fluctuate based on market conditions, while the central bank retains the ability to intervene to maintain stability and control inflation. This strategic management is crucial for supporting the economic growth and stability of the uk.Currency exchange
The value of the British Pounds is determined by a floating exchange rate. This means its value can fluctuate based on global supply and demand, reflecting the country's economic strength and market conditions.
Facts table for the British Pounds (GBP)
| Currency name | British Pounds | |
| Currency code | GBP | |
| Currency symbol | £ | |
| Minor unit | Penny (plural: pence) | |
| Minor unit symbol | p | |
| Notes frequently used | 5, 10, 20, 50 pounds | |
| Coins frequently used | 1, 2 pounds; 1, 2, 5, 10, 20, 50 pence | |
| Central bank | Bank of England | |
| Users | The UK |
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