Convert British Pound to US Dollar

100 British Pound (GBP) = 124.21 US Dollar (USD)

Monday, January 23, 2017 2:17 AM

100 GBP =
124.21 USD

GBPUSD graph

Currencies rates online for British Pound (GBP) to US Dollar (USD).

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In order to convert currencies, please go to US Dollar (USD) to British Pound (GBP).

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GBP – British pound

The pound sterling (symbol: £; currency code: GBP) is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory and Tristan da Cunha. One (1) pound is equal to one hundred (100) pence.

The pound sterling is the third largest reserve currency in the world, behind the U.S. dollar and the euro, and one of the most commonly converted currencies. It is also the fourth most traded currency in the forex market, after the U.S. dollar, the euro and the Japanese yen. It is issued by the Bank of England.

Background:
The pound sterling is the oldest currency in the world that is still in use, with the pound being a unit of account in Anglo-Saxon England. The Bank of England was founded in 1694 and began to issue paper money in the same year.


USD – United States dollar

The U.S. dollar (symbol: $; currency code: USD) is the official currency of the United States of America and its overseas territories. One (1) US dollar is equal to one hundred (100) cents.

The U.S. dollar is a Federal Reserve Note and the world’s dominant reserve currency. As such, it is the most converted currency in the world and the currency most used in international transactions. In addition, it features as the standard currency in the commodity market, having a key impact on commodity prices, and is the most popular and heavily traded currency in the forex market.

Background
The dollar was adopted as the official money unit of the United States in 1785. The federal monetary system was established following the Coinage Act of 1792, which also created the first U.S. Mint. Paper currency was first issued by the U.S. government in 1862 in order to finance the Civil War. The first $10 Federal Reserve notes were issued in 1914, but it was not until 1929 that the U.S. currency began to feature the standard portraits on the front and monuments and emblems on the back of all bills.