Zimbabwe Dollar

Countries that use the Sterling Pound

The Sterling Pound is an official currency and used in the United Kingdom, on the Pitcairn Islands and on the South Georgia and South Sandwich Islands. It is considered a key currency with particular importance in international trade. 1 Pfund is devided into 100 Pence.

ISO 4127:
GBP
Numeric:
826
Symbol:
£
1.00 Sterling Pound = 1.34 US Dollar
(date: 05/24/2018)



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Exchange rate history 1 GBP in USD



Sterling Pound as currency

CountryRegion
United KingdomBritish Isles
Pitcairn IslandsPolynesia
South Georgia and South Sandwich IslandsSouth America


Currencies with a fixed exchange rate to the Sterling Pound

CurrencyRate
Falklands Pound1 GBP = 1 FKP
Guernsey Pound1 GBP = 1 GGP
Gibraltar Pound1 GBP = 1 GIP
Manx Pound1 GBP = 1 IMP
Jersey Sterling Pound1 GBP = 1 JEP
St.-Helena Pound1 GBP = 1 SHP

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Micronesia, Federated States ofMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean


Currency reserves for the Sterling Pound

According to the International Monetary Fund, the total broad money (M3) amounted to GBP 3,024.92 billion at the end of 2017 (data only for United Kingdom). For currency hedging, reserves were held in a total amount of 108.20 billion Pounds. This corresponds to a ratio of 1:28.0. In other words: Not even 1 of 28 Pounds is deposited with a countervalue.

Approximately 9.2 billion Pounds (8.5%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves