When you think international holidays, you think of currency exchange, don’t you? One of the major hassles involved here is finding the best
currency exchange rate. If you are looking for the most competitive INR to GBP rate, then Thomas Cook is your answer.
Here’s all you need to know about the Pound, United Kingdom, and things to do in the country:
The pound sterling, commonly referred as the pound, bearing a code of GBP, is the currency of the United Kingdom. Not only is this currency the fourth most traded currency, but also the third most held reserve in the world. It is believed to be the oldest currency and also one of the most widely converted currencies of the world.
The United Kingdom, also known as the UK, is one of the must-visit holiday destinations of the world as it offers something to everyone. Whether you are travelling solo, with family, or with your spouse, UK is sure to leave you stunned and tempted to extend your vacation.
Great oceans, rolling farmlands to mesmerizing mountains and picturesque landscapes, everything in UK is breathtaking and awe-inspiring. If you are looking for some adventure, then the rocky coasts, majestic castles, and green hills of Britain are where you need to be. Some of the must-visit places include London, Scotland, Windsor, and Brighton.
Whether you are visiting UK for a leisure trip or a business trip, you will require GBP. Thus, one of the things that you must consider during your abroad
vacation is
currency exchange . If you are travelling for the first time, especially on a budget, then you should check the rate of 1 Pound to INR. After understanding the exchange rate, you can decide the duration of your trip and the places you can afford to cover in your set budget. Another noteworthy tip that could help you in planning your
UK trip is buying your forex
in advance. By converting your INR to GBP in your home country, you save the hassle of finding a trustworthy forex vendor in the UK and also avail the best exchange rate. Experienced travelers will agree that converting Indian Rupee to Pound in India is cheaper than arranging forex in the UK.
At Thomas Cook, we understand the importance of an enjoyable vacation. Hence, we strive to offer the best deals on not only hotels and
flights , but also foreign exchange including INR to Pound. Our experts are always available to help you convert INR to GBP. You can also visit our online currency converter to find out the live INR to Pound exchange rate. This online service is available round the clock and helps in eliminating the mental math that we all struggle with when it comes to foreign exchange. You may have 99 problems in planning your trip to the UK, forex won’t be one, if you rely on our expertise.
We help you get the best rates for Rupees to Pounds conversion. This helps us gain your trust and market credibility. We are known as one of the world’s leading and trustworthy forex vendors today. You can now convert INR to GBP online. For this, all you have to do is, visit the Thomas Cook website, enter the required details and you are ready to go! Providing world-class service is one of our specialties, hence we offer secured doorstep delivery of your forex.
Alternatively, you can visit your nearest branch and collect your Rupees to Pounds converted forex at your convenience. With
Thomas Cook , converting INR to Pound has never been this easy.
What are you waiting for? Find out the live INR to GBP exchange rate now and be ready for your upcoming UK trip. Partner with Thomas Cook for a memorable travelling experience.
Importance of the British Pound Sterling
GBP is a currency acronym for the British Pound Sterling, also the official currency of the United Kingdom. It is one of the chief currencies traded across the globe. The British Pound Sterling is one of the oldest currencies to be actively traded to date. The British Pound Sterling is also alternatively referred to as GBP, Pound, Sterling, and Quid. In the foreign exchange market, the British Pound is traded in high volume along with the
US Dollar,
Euro, and
Japanese Yen.
Introduction of the British Pound Sterling
The British Pound Sterling is believed to be the oldest currency that is still used as an active currency. In 1707, when England and Scotland joined together as a country the British Pound Sterling became the official currency of the United Kingdom.
In 1855, the printing of the British Pound Sterling began before it, the Bank of England, would handwrite all the currency notes. Apart from the United Kingdom, the British Pound Sterling was the currency of numerous colonies of the British Empire namely, New Zealand, Australia, and Canada.
In 2002, the euro became the preferred monetary unit of most of the countries in the European Union, however, the United Kingdom kept the British Pound Sterling as its official currency. Furthermore, in the year 2016, the British voter supported the decision of leaving the European Union thereby affecting negatively the value of the British pound sterling.
Factors that affect the exchange of the British Pound Sterling to INR
The currency
exchange rate is always fluctuating. These fluctuations are dependent on certain factors that determine how these two currencies shall be traded and the value of these currencies in respective monetary units. The factors that affect the currency exchange rate are:
1. Political stability: strong political stability within countries creates a positive atmosphere for foreign investments thereby increasing the inflow of foreign currency.
2. Economical Stability: Economical health of the country determines the currency exchange rate. For instance, a country with high employment levels will attract foreign investments thereby increasing the exchange rate.
3. Balance of trade: higher the exports higher will be the currency exchange rate.
4. Inflation: keeping the inflation rate under check is very important as lower a lower inflation rate typically results in a strong currency rate.
5. Apart from the other mentioned factors multiple other factors affect the exchange rate like public debt, interest rates, current account deficit of the country, etc.
Convert British Pound Sterling to INR Online as per Today’s Conversion Rate
Converting the British Pound Sterling to INR refers to determining the value of GBP in terms of INR. So, for converting the
GBP to INR we need to know the currency exchange rate. Let us understand the currency exchange with an example.
Mr. Gandhi working in the UK wants to help his family back in India with 2 lakh rupees. He does not know how much GBP is equivalent to suffice the need of 2 lakh rupees.
Today’s conversion rate is 1 GBP = 101.93 INR. So, to send 2 lakhs rupee in India Mr. Gandhi should send 1962.09 GBP (200000 divided by 101.93).
Convert British Pound Sterling to INR
The conversion of the British Pound Sterling to the Indian Rupee is very simple with online currency exchange calculators. However, it is very easy and can be calculated by self.
Today’s currency exchange rate between GBP to INR is 1 GBP = 101.93 INR. It means the value of 1 GBP is 101.93 Indian Rupee. While 1 INR = 0.0098 GBP
How are British Pound Sterling - INR Rates Determined?
The
currency exchange rates of both countries are dependent on the demand and supply of each of the currencies versus the other. The exchange rate shifts as per the fluctuations in the supply and demand of each of these currencies. The central bank of both countries overlooks the exchange rates of their respective currencies.
British Pound Sterling and INR Overview
The British Pound Sterling and the Indian Rupee are traded extensively in the forex market. The money market analysis shows that the highest GBP to INR rate was 1 GBP = 102.65 INR while the lowest was 1 GBP = 100.48 INR. The statistics suggest that GBP has been a stronger currency thereby earning money in the United Kingdom and sending it to India is much more beneficial. However, these exchange rates are always changing so make sure you check the exchange rates to get the best exchange rate for your money.
GBP
