Guernsey Pound to Pound Sterling — exchange rate

Country of Circulation: Guernsey

Currency Code, Symbol: GGP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50

History: The Guernsey pound (£) is the national currency of the Guernsey Island. It is not used for payment outside the country. In conversion and on the global financial market, it is called GGP.Pennies are used as change for the Guernsey pound. 1 pound contains 100 pennies. The currency was introduced in 1921. Before that time, French francs, French livres, doubles and shillings were accepted on the territory of the island. The rate of GGP depends on fluctuations of the pound sterling. 1:1 ratio is used to calculate the value. Banknotes have the world’s political figures, royalty and historical buildings on them.Read More

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More