Current Rate =
|Buy GBP Forex Card||₹104.3927|
|Sell GBP Forex Card||₹103.2793|
|Buy GBP Wire Transfer||₹104.7287|
|Buy GBP Currency Notes||₹105.04|
|Sell GBP Traveler Cheques||N/A|
|Sell GBP Currency Notes||₹103.48|
|Buy GBP Traveler Cheques||N/A|
|Buy GBP Demand Draft||₹104.7287|
At BookMyForex, we go to every length possible in order to provide the best British Pound Exchange Rates to our customers. Our rates are always live and are derived from the most accurate real-time forex data feeds. Unlike other websites that show you indicative rates, BookMyForex shows you actual currency exchange rates at which you can buy GBP, sell GBP or transfer British Pound from India. Through the fixed-rate order booking option, you can even block the rates that you see on our site whenever the markets are open. You can also choose to set up a rate alert and we’ll notify you when the GBP rate that you want is actually available.
Most other currency exchangers in India that deal in GBP work on what’s called “today’s GBP rate” or “GBP rate today”, which is a static rate that doesn’t change throughout the duration of the day. There, however, exists no such thing such as a “British Pound Exchange Rate Today”. British Pound rates, just like the rate of any other financial security vary every second. Money changers necessarily need to protect themselves from currency fluctuations that occur in the live market and in order to do that they create a large margin on these so-called “today’s GBP rates”. With our strong technology infrastructure and our excellent tie-ups, we’re able to provide our customers with perfectly live and transparent exchange rates.
By breaking this notion of a static “British Pound Exchange Rate Today”, we’re hoping to improve the transparency in the foreign exchange markets in India. We offer a comprehensive suite of British Pound products through our website. You can buy GBP forex cards, currency notes, traveller’s cheques and demand drafts. You can also sell your GBP currency notes or make a wire transfer in GBP.
Use our intuitive order booking form below to get started with your British Pound exchange order today.
GBP Money Chnager Near Me
The United Kingdom's (UK) currency is known as the British Pound. The central bank of the United Kingdom is the Bank of England. The array of currencies measuring the value of the special drawing rights of the IMF is established by the British Pound (GBP). Sterling is also the fourth-most-held reserve currency in global reserves as late 2019. Popular names include the Pound Sterling, Sterling, Quid, Cable, and Nicker for the British Pound. As well as one of the most widely converted currencies, the British Pound is the oldest currency still in existence today. All of the Falkland Islands, Gibraltar, and Saint Helena are pegged at GBP par.
The Bank of England issues its own banknotes and controls the production of banknotes in Scotland and Northern Ireland through private banks. The Bank of England does not oversee the Sterling banknotes issued by other jurisdictions; their governments assure convertibility at value. For pound, an extremely common slang term is quid.
Booking at Live Rates:Reap the advantages of booking your forex only on BookMyForex at live rates. For the day, we do not carry fixed rates and have live rates. If you go to banks/other money exchangers, they will provide you the rates that are beneficial for them and give you the reason that they keep a fixed rate for the day. That is not the case on BookMyForex and you end up saving 2-3% with the live rate facility.
Rate Hold Facility:For any particular day on BookMyForex, you can buy or sell British Pound (GBP) in India at the lowest rate. The same rate can also be maintained for 3 working days. To avail this feature, you have to pay a refundable deposit of 2% of your total amount you are looking to exchange.
Rate Alert Feature:Enable our rate alert feature and receive frequent updates to the today GBP rate. You can set the desired GBP rate and we will notify you instantly. This saves you the hassle of constantly checking the currency rates.
Best Exchange Rates:You get the best exchange rates on BookMyForex. You must be wondering how do we make that happen? We scan the exchange rates provided by the Indian banks and authorized money exchangers in your nearby area and show you the best rates available. You do not need to personally visit banks and the vendors to compare, we take care of that while you stay at your home.
Online order facility:Going personally to visit banks and money exchangers for currency exchange related purposes is a thing of the past. Now book your currency exchange order online on BookMyForex. You can also upload the documents on our portal and opt for a doorstep delivery of British Pound (GBP) notes.
You can see in the table given below on the advantages you get by choosing BookMyForex over banks and other money changers.
|Exchange Rate||At Live Rates (Dynamic)||At Fixed Rates|
|Exchange Rate Margin||Low||High|
|Online Order Facility||Yes||No|
|Rate Alert Feature||Yes||No|
Fixed vs Live Rates:BookMyForex enables its customers to convert INR to GBP at live and direct rates, unlike licensed banks offering foreign exchange at fixed rates for the day. On the BookMyForex forex rate website, you will only get the current British Pound exchange rate.
Setting up the whole day's British Pound exchange rate pushes banks and other money changers to retain the higher margin throughout the day to maneuver against any unfavourable fluctuations. On the other hand, BookMyForex offers the most updated foreign currency rate to its customers and therefore passes the advantage on to its customers in the form of a stronger exchange rate.
Individual vs Aggregator:BookMyForex first compares GBP rates among 100s of currency changers near your location as a digitally driven currency exchange marketplace and provides you with the best GBP exchange rates. We have special tie-ups with several banks and other authorized vendors which help us in order to provide our customers the best deal possible within their area.
Institutional Expenses:At the physical level, most money changers in India have an administrative structure involving different types of fixed costs such as rent, wages and other operational costs. The basic economic rule tells us that all these expenditures are inevitably incurred by the consumer in the form of higher fees and purchase rates.
BookMyForex, being a fully digital portal, saves the expense and passes on that value to consumers in the form of the best foreign exchange rates on the market.
Only BookMyForex can help you provide the best British Pound rates in India. You'll have to follow these steps below to do just that:
Step 1: Just visit the BookMyForex website or you can also give us a call to book a currency order at 9212219191.
Step 2: You should pick the currency you want to purchase on the portal (in this case, GBP) and then mention the amount you want to exchange. Currency exchange rates differ from place to place, so the name of your city would have to be listed as well.
Step 3: You now need to list your details now and fill in details such as the place, the nations you are traveling to, the date of your trip beginning and ending and the purpose of your visit. Documents such as visa, passport, PAN card and some other documents would also need to be provided. Then you'll be able to book an order.
Step 4: You will have the option of getting the currency delivered to the door once your transaction is verified, or you can still go to the forex store/bank and pick it up personally. Choosing the doorstep delivery of the currency is strongly recommended due to the ongoing COVID-19 pandemic.
Note: BookMyForex does not charge any additional fee for converting currency apart from the government taxes.
The currency rates are expressed as either a buy rate or a sell rate in the currency exchange market. The buying and selling rates will differ from bank to bank and other money exchangers will quote you a different rate.
For instance, let's talk about British Pound (GBP) here. A GBP buying rate is at which the exchanger (a bank or a money exchanging vendor) will allow you to buy the GBP. Now on the other hand, a selling rate would be at which you can sell GBP to the bank or other authorized money exchanging vendors.
Like we mentioned earlier, it is not just about getting the best buy/sell rates. We also help you in giving as much info about the banks about their overall service and customer feedback so that you can pick the vendor that fits your requirement.
If Britain successfully opts to step out of the European Union i.e in case of Brexit, the Indian rupee is expected to depreciate against the British Pound in the short to medium term after Brexit. As per the GBP to INR currency forecast 2020, the exchange rate can reach the level of 1.35 to 1.40 in the case of Brexit while can sharply fall to 1.20/25 level in the case of no-Brexit.
No, GBP is the currency abbreviation of Great Britain Pound which is the official currency of Great Britain and its territories. While the Euro is the official currency of the European Union. The EU consists of 28 member states out of which Britain is also a member country. But out of the 28 states, only 19 countries of the European Union called Eurozonehave a common currency Euro. Since Britain is not a part of the Eurozone, it has its own currency, British Pound or GBP.
Here are a few major reasons to sell GBP online:
Convenience: You don't need to make in-person visits, you can just buy or sell British pounds with the comfort of your home within a few clicks on your mobile. That easy!
Better Rates: Unlike Banks which provide foreign exchange at a fixed rate for the day, you would get British Pounds at the live rates which would cost you lower.
Data Protection: A well known and trusted currency exchange marketplace would ensure your KYC data is not misused. For example, BookMyForex provides document watermarking facility which makes sure that your document is used for the defined purpose only.
Home Delivery: With BookMyForex, you not only get the online order facility of foreign exchange but also get it delivered directly to your home. So no need to step out from your home to buy or sell British Pounds in your city.
You can both buy and sell British Pounds online from a trusted currency exchange marketplace such as BookMyForex. You just need to visit bookmyforex.com and select your city, currency (GBP in this case) and the amount that you want to sell online. You need to upload your Passport copy which you can do online. Once your GBP to INR conversion order placed, a representative of BookMyForex would visit your place and give you equivalent INR and take GBP from you.
|British Pound (GBP)||Indian Rupee (INR)|
|British Pound (GBP)||Indian Rupee (INR)|
|1 Million GBP||104275300|