1 GBP to INR
December 28, 2018
3 minutes, 33 seconds Read

1 GBP to INR in 1947 till 2018| Decade Wise Rate Analysis

    1 GBP to INR

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    1 GBP to INR in 1947 till 2018| Decade Wise Rate Analysis

    Recent GBP-INR Update

    Today’s ForecastExpected HighExpected Low
    87.8087.35
    GBP-INR Historical Prices
    DateOpenClosingLowHigh
    28-06-1987.88887.53387.26787.892
    27-06-1988.35187.85587.42988.388
    26-06-1988.38388.38587.63888.512
    25-06-1988.68087.97587.85988.720
    24-06-1988.71788.67588.17988.806
    21-06-1988.69588.66087.99288.725
    20-06-1988.46888.34187.97288.690
    19-06-1987.68088.43587.27188.457
    18-06-1987.94187.68587.10787.941
    17-06-1987.88987.62987.51888.248
    16-06-1987.94487.88187.83687.966
    15-06-1987.97287.94487.94487.972
    14-06-1988.53487.97287.92688.553
    13-06-1988.48188.54387.93388.543
    12-06-1988.29988.48688.01188.639
    11-06-1988.24288.62587.98288.631
    10-06-1988.23688.62588.08788.525
    07-06-1988.07888.40387.69688.610
    06-06-1988.35588.07187.64588.374
    04-06-1987.59688.04587.46988.371
    03-06-1987.94187.59787.29488.041
    31-05-1988.25087.93587.53288.293
    30-05-1988.18188.91787.87288.515
    29-05-1988.46788.18588.09388.522
    28-05-1988.43888.45488.10788.462
    27-05-1988.25988.44287.04788.525
    24-05-1988.22188.19187.97288.484
    23-05-1988.20288.59287.79988.605
    22-05-1988.52988.63188.08488.728
    21-05-1988.60788.92388.43788.978
    20-05-1989.44689.26888.28289.542
    17-05-1989.22089.85289.46889.419
    16-05-1990.22089.87189.66790.331
    15-05-1991.08491.54190.97892.006
    14-05-1991.08491.54190.97892.006
    13-05-1991.08491.54190.97892.006
    10-05-1991.22190.88490.75991.393
    10-05-1991.22190.88490.75991.393
    09-05-1990.68391.61690.68391.631
    08-05-1990.96491.13390.53691.156
    03-05-1990.51591.12889.98991.149
    02-05-1990.89590.49490.32790.989
    26-04-1990.48790.22890.22390.612
    24-04-1990.28190.45990.19890.940
    23-04-1990.94190.26890.17690.941
    22-04-1990.14890.96890.09490.979
    19-04-1990.15990.17990.12090.248
    17-04-1990.67390.50590.42890.957
    15-04-1990.56291.47190.44791.471
    12-04-1990.08990.48490.08290.921
    11-04-1990.55090.66990.08390.696
    10-04-1990.40590.56590.28490.961
    09-04-1990.86390.43990.25791.195
    08-04-1990.17190.86090.17191.347
    04-04-1990.20990.19189.06490.054
    03-04-1990.47090.73389.94990.735
    02-04-1990.41490.50689.63990.798
    01-04-1990.38290.43390.23190.974
    29-03-1990.80089.99790.96991.437
    28-03-1990.43790.74190.21591.437
    27-03-1991.71191.23590.76291.711
    26-03-1990.99691.73290.63991.751
    25-03-1991.30691.190.73691.306
    24-03-1991.41991.35991.35191.422
    23-03-1991.38191.41991.38191.419
    22-03-1990.50191.38190.07491.808
    21-03-1990.93190.53989.59390.949
    20-03-1991.96690.89690.41991.966
    19-03-1991.01991.99590.892.007
    18-03-1991.69790.99190.53891.827

    History of British Pound

    The Pound Sterling is the official currency of the UK, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Island, the British Antarctic Territory, and Tristan da Cunha. The pound is a very common name for the British currency and some people call it Sterling as well. GBP is the 3rd most traded currency in the world after USD and Euro. It is also the 3rd highest reserve currency as well, about 4%.

    £ is the symbol of the currency. The symbol of Pound comes from medieval Latin. The Roman words librasolidus, and denarius (£sd) refer to pounds, shillings and pence in the British pre-decimal currency system and the black-letter “L” was the abbreviation for libra, the basic Roman unit of weight.

    First Use of Pound

    The first use of Pound as currency was in Anglo-Saxon England. 1 GBP was equal to 240 silver pennies or one pound weight of solver. It went through multiple changes and eventually became the currency of modern Britain. Here is how pound was divided:

    4 farthings¹ = 1 Penny

    12 Pence = 1 shilling

    20 shillings = 1 Pound

    ¹The British farthing ( 14d) coin, from “fourthing“, was a unit of currency of one-quarter of a penny, or 1960 of a pound sterling. It was minted in bronze and replaced the earlier copper farthings. 

    The pound sterling was introduced in the rule of King Offa of Mercia in the 7th century. In 1663, silver was replaced by Gold.  The Bank of England was founded in 1694, followed by the Bank of Scotland a year later. Both began to issue paper money. British Pound was used and circulated throughout the British Empire.  Several colonies and dominions adopted the pound as their own currency. These included Australia, Barbados, British West Africa, Cyprus, Fiji, British India, the Irish Free State, Jamaica, New Zealand, South Africa and Southern Rhodesia.

    History of 1 GBP to INR

    Dollar and Rupee were never equal, nor in 1947, neither in any other century. When India got independence in 1947, India’s currency was pegged to Pound. The exchange rate was a shilling and six-pence for a rupee and when you convert it, it works out to be around 13.33/Pound Sterling. So at the time of India’s independence, 1 GBP to INR was equal to 13.33 Indian Rupees. One Pound in 1947 was equal to 4.03 US Dollars and comparitevly, 1 USD to INR in 1947 was equal to Rs 3.30.

    Since Rupee is pegged to US Dollar, any changes or devaluation of GBP did not have any effect on Indian Rupee.

    British Pound saw devaluation in 1949 and from 4.03 US Dollars equal to 1 Pound, it became 2.80/USD. Because India at that time was still part of the Sterling area, hence Rupee saw a devaluation too. So 1 USD to INR in 1949 was equal to Rs 4.76 and 1 GBP to INR in 1949 was equal to 13.30 Rupees approximately. Indian Rupee saw a further devaluation in 1966 and 1 USD to INR was equal to 7.50 and 1 GBP to INR in 1966 was 21 Rupees.

    1 GBP to INR in 1947 til 2018

    Here is the value of 1 GBP to INR from 1947 till 2018.

        YEAR    1 GBP to INR   YEAR       1 GBP TO INR
    1947     13.332001      67.92
    1949     13.332002      72.85
    1966    17.762003      76.05
    1987    21.182004     80.96
    1988     24.752005     80.15
    1989    26.522006     83.36
    1990     31.072007     82.73
    1991    40.102008     79.97
    1992    45.482009    74.56
    1993    45.732010    70.65
    1994    48.012011    74.77
    1995    51.172012    84.41
    1996    55.282013   91.60
    1997    59.442014   100.41
    1998    68.332015   98.00
    1999    69.662016   90.72
    2000    67.992017   87.56

    As of December 2018, 1 GBP to INR is equal to 88.73

    Source: xe, http://fx.sauder.ubc.ca/etc/USDpages.pdf

    1 GBP to INR Last 10 Years Performance (in Graph)

    1 GBP to INR

    1 GBP to INR Dec 2008- Dec 2018

    Decade-wise Changes – 1 GBP to INR

    1 GBP to INR

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