1 GBP to INR
December 28, 2018
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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 Forecast Expected High Expected Low
87.80 87.35
GBP-INR Historical Prices
Date Open Closing Low High
28-06-19 87.888 87.533 87.267 87.892
27-06-19 88.351 87.855 87.429 88.388
26-06-19 88.383 88.385 87.638 88.512
25-06-19 88.680 87.975 87.859 88.720
24-06-19 88.717 88.675 88.179 88.806
21-06-19 88.695 88.660 87.992 88.725
20-06-19 88.468 88.341 87.972 88.690
19-06-19 87.680 88.435 87.271 88.457
18-06-19 87.941 87.685 87.107 87.941
17-06-19 87.889 87.629 87.518 88.248
16-06-19 87.944 87.881 87.836 87.966
15-06-19 87.972 87.944 87.944 87.972
14-06-19 88.534 87.972 87.926 88.553
13-06-19 88.481 88.543 87.933 88.543
12-06-19 88.299 88.486 88.011 88.639
11-06-19 88.242 88.625 87.982 88.631
10-06-19 88.236 88.625 88.087 88.525
07-06-19 88.078 88.403 87.696 88.610
06-06-19 88.355 88.071 87.645 88.374
04-06-19 87.596 88.045 87.469 88.371
03-06-19 87.941 87.597 87.294 88.041
31-05-19 88.250 87.935 87.532 88.293
30-05-19 88.181 88.917 87.872 88.515
29-05-19 88.467 88.185 88.093 88.522
28-05-19 88.438 88.454 88.107 88.462
27-05-19 88.259 88.442 87.047 88.525
24-05-19 88.221 88.191 87.972 88.484
23-05-19 88.202 88.592 87.799 88.605
22-05-19 88.529 88.631 88.084 88.728
21-05-19 88.607 88.923 88.437 88.978
20-05-19 89.446 89.268 88.282 89.542
17-05-19 89.220 89.852 89.468 89.419
16-05-19 90.220 89.871 89.667 90.331
15-05-19 91.084 91.541 90.978 92.006
14-05-19 91.084 91.541 90.978 92.006
13-05-19 91.084 91.541 90.978 92.006
10-05-19 91.221 90.884 90.759 91.393
10-05-19 91.221 90.884 90.759 91.393
09-05-19 90.683 91.616 90.683 91.631
08-05-19 90.964 91.133 90.536 91.156
03-05-19 90.515 91.128 89.989 91.149
02-05-19 90.895 90.494 90.327 90.989
26-04-19 90.487 90.228 90.223 90.612
24-04-19 90.281 90.459 90.198 90.940
23-04-19 90.941 90.268 90.176 90.941
22-04-19 90.148 90.968 90.094 90.979
19-04-19 90.159 90.179 90.120 90.248
17-04-19 90.673 90.505 90.428 90.957
15-04-19 90.562 91.471 90.447 91.471
12-04-19 90.089 90.484 90.082 90.921
11-04-19 90.550 90.669 90.083 90.696
10-04-19 90.405 90.565 90.284 90.961
09-04-19 90.863 90.439 90.257 91.195
08-04-19 90.171 90.860 90.171 91.347
04-04-19 90.209 90.191 89.064 90.054
03-04-19 90.470 90.733 89.949 90.735
02-04-19 90.414 90.506 89.639 90.798
01-04-19 90.382 90.433 90.231 90.974
29-03-19 90.800 89.997 90.969 91.437
28-03-19 90.437 90.741 90.215 91.437
27-03-19 91.711 91.235 90.762 91.711
26-03-19 90.996 91.732 90.639 91.751
25-03-19 91.306 91.1 90.736 91.306
24-03-19 91.419 91.359 91.351 91.422
23-03-19 91.381 91.419 91.381 91.419
22-03-19 90.501 91.381 90.074 91.808
21-03-19 90.931 90.539 89.593 90.949
20-03-19 91.966 90.896 90.419 91.966
19-03-19 91.019 91.995 90.8 92.007
18-03-19 91.697 90.991 90.538 91.827

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      13.33 2001       67.92
1949      13.33 2002       72.85
1966     17.76 2003       76.05
1987     21.18 2004      80.96
1988      24.75 2005      80.15
1989     26.52 2006      83.36
1990      31.07 2007      82.73
1991     40.10 2008      79.97
1992     45.48 2009     74.56
1993     45.73 2010     70.65
1994     48.01 2011     74.77
1995     51.17 2012     84.41
1996     55.28 2013    91.60
1997     59.44 2014    100.41
1998     68.33 2015    98.00
1999     69.66 2016    90.72
2000     67.99 2017    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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