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1st Crore
Trusted by 1L+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
British Pound Sterling to Indian Rupee (GBP to INR) Exchange Rate
British Pound Sterling to Indian Rupee (GBP to INR) Exchange Rate
Jun 22, 2024
15 Mins
Today's GBP to INR Rate: 1 GBP = 105.85 INR (Updated on 22 Jun 2024)
The Pound Sterling, also known as the pound or sterling, is the official currency of several territories including the United Kingdom, Guernsey, Jersey, the Isle of Man, South Georgia and the South Sandwich Islands, Gibraltar, Tristan da Cunha, and the British Antarctic Territory. It is subdivided into 100 pence and is the world's oldest currency still in use.
GBP to INR Exchange Rate - Last 10 Days
Date 1 GBP to INR
21-June-24 105.85
20-June-24 106.87
19-June-24 105.95
18-June-24 105.95
17-June-24 106.16
16-June-24 105.95
15-June-24 105.99
14-June-24 105.99
13-June-24 106.53
12-June-24 106.83
Understanding GBP
The British Pound Sterling (GBP) is one of the most traded currencies in the foreign exchange market. It is part of the currency basket used to calculate the value of IMF special drawing rights, alongside the US Dollar, Euro, Japanese Yen, and Chinese Yuan. Modern use of the Pound Sterling began with the establishment of the Bank of England and the Bank of Scotland in 1694 and 1695, respectively.
History of GBP
The British Pound became the official currency of the United Kingdom in 1707 when England and Scotland unified. However, its origins as a currency unit date back to 760 AD. It is considered the oldest currency still in use. Historically, the British Pound was used in many British Empire colonies, including Australia, Canada, and New Zealand. Initially, banknotes were handwritten by the Bank of England until 1855 when printed notes were introduced. During the late 19th and early 20th centuries, many countries pegged their currencies to the price of gold.
Factors Influencing GBP to INR Exchange Rate
Several factors influence the GBP to INR exchange rate:
Market Sentiment: Geopolitical developments, news, and economic data shape trader expectations and affect currency values.
Trade Relations: The volume of trade between the UK and India impacts currency demand and exchange rates.
Political Stability: A stable political environment boosts investor confidence and positively affects the currency value.
Monetary Policies: Changes in interest rates by the Reserve Bank of India (RBI) influence the value of the pound.
Other Factors: Trade balances, inflation rates, and GDP growth also play crucial roles in determining currency value.
How to Send Money from India to the UK Online
Numerous online platforms facilitate converting INR to GBP and transferring money from India to the UK. These services are user-friendly and provide quick solutions for international money transfers, though they typically charge a fee for their services.
Today's GBP to INR Rate: 1 GBP = 105.85 INR (Updated on 22 Jun 2024)
The Pound Sterling, also known as the pound or sterling, is the official currency of several territories including the United Kingdom, Guernsey, Jersey, the Isle of Man, South Georgia and the South Sandwich Islands, Gibraltar, Tristan da Cunha, and the British Antarctic Territory. It is subdivided into 100 pence and is the world's oldest currency still in use.
GBP to INR Exchange Rate - Last 10 Days
Date 1 GBP to INR
21-June-24 105.85
20-June-24 106.87
19-June-24 105.95
18-June-24 105.95
17-June-24 106.16
16-June-24 105.95
15-June-24 105.99
14-June-24 105.99
13-June-24 106.53
12-June-24 106.83
Understanding GBP
The British Pound Sterling (GBP) is one of the most traded currencies in the foreign exchange market. It is part of the currency basket used to calculate the value of IMF special drawing rights, alongside the US Dollar, Euro, Japanese Yen, and Chinese Yuan. Modern use of the Pound Sterling began with the establishment of the Bank of England and the Bank of Scotland in 1694 and 1695, respectively.
History of GBP
The British Pound became the official currency of the United Kingdom in 1707 when England and Scotland unified. However, its origins as a currency unit date back to 760 AD. It is considered the oldest currency still in use. Historically, the British Pound was used in many British Empire colonies, including Australia, Canada, and New Zealand. Initially, banknotes were handwritten by the Bank of England until 1855 when printed notes were introduced. During the late 19th and early 20th centuries, many countries pegged their currencies to the price of gold.
Factors Influencing GBP to INR Exchange Rate
Several factors influence the GBP to INR exchange rate:
Market Sentiment: Geopolitical developments, news, and economic data shape trader expectations and affect currency values.
Trade Relations: The volume of trade between the UK and India impacts currency demand and exchange rates.
Political Stability: A stable political environment boosts investor confidence and positively affects the currency value.
Monetary Policies: Changes in interest rates by the Reserve Bank of India (RBI) influence the value of the pound.
Other Factors: Trade balances, inflation rates, and GDP growth also play crucial roles in determining currency value.
How to Send Money from India to the UK Online
Numerous online platforms facilitate converting INR to GBP and transferring money from India to the UK. These services are user-friendly and provide quick solutions for international money transfers, though they typically charge a fee for their services.
Author
Pluto Team
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