Buy GBP
bank sells to youBetter than the worst rate by 302 000 sum when exchanging 100 GBP
Sell GBP
bank buys from youBetter than the worst rate by 260 000 sum when exchanging 100 GBP
Currency converter
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Bank rates
24 bank(s) · rates in sum per 1 GBP
Central Bank rate dynamics
FAQ
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The pound exchange rate for today is published on this page and updated daily. The official exchange rate of the Central Bank is set on business days and is effective on the next banking day, while the buy and sell quotes at bank counters differ from it by the spread amount. Before exchanging, compare both indicators.
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The British pound historically remains one of the most expensive world currencies — largely because its denomination has never been subject to redenomination, unlike many European monetary units. The cost is additionally supported by London's status as an international financial center and the relatively high interest rates of the Bank of England.
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The main factor is the difference in monetary policy between the Bank of England and the US Federal Reserve. The GBP/USD pair is one of the most liquid on the global market, and traders call it the "cable". The exchange rate is also influenced by British inflation, labor market data, and the political situation: the pound is traditionally sensitive to domestic political uncertainty. The dollar to pound sterling rate is the same value expressed in reverse.
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GBP transactions are conducted by commercial bank branches and exchange offices, however the pound is a less common currency than the dollar or euro. Not every cashier has a sufficient supply of cash on hand, and large amounts usually require advance notice. Before visiting a branch, it is worth clarifying the availability of currency and comparing rates at several institutions.
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First and foremost, students of British universities and their parents: when paying for a semester, even a difference of several hundred sum per pound adds up to a noticeable amount. The exchange rate is also monitored by tourists and business travelers heading to Great Britain, entrepreneurs working with British partners, and investors distributing their savings among several currencies.
The pound sterling exchange rate in Uzbekistan interests a narrower circle: importers from Great Britain, students of British universities and those who keep part of their savings in reserve currencies. The Central Bank sets the official pound sterling exchange rate on business days, while cash desks operate their own buy and sell quotes with a spread, and the difference between them is usually wider than for the dollar and euro.
The sum to pound sterling exchange rate is formed as a cross-rate through the dollar, so the decisive factor remains the GBP/USD pair on the world market. The pound to dollar exchange rate depends on the Bank of England's decisions on rates, inflation and the state of the British economy. When the pound strengthens against the dollar, the pound sterling to sum exchange rate rises automatically, even if nothing has changed on the domestic market.