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GBP to INR Converter

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Buy, Sell or Transfer Pound Sterling (GBP) in India at the best exchange rates

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Sterling Pound (GBP) to Indian Rupee (INR)

If you just took a trip to the UK, then you must have returned with memories that will last a lifetime and stories that you will narrate to your kid, isn’t it? While you do that, are you also looking to exchange your unused Pounds and want the best GBP to INR exchange rates? Get the most competitive Pounds to Rupees rate here.

The Pound Sterling (GBP) is the official currency of the United Kingdom. This currency is the third most held reserve currency in the world and ranks fourth in terms of trade. Not only is the Pound Sterling believed to be the oldest currency, but it is also one of the most widely converted currencies of the world.



GBP Rate in Top Cities
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GBP Rate in Hyderabad

The charm of the United Kingdom attracts millions of tourists every year, making it one of the most desirable tourist places in the world. Owing to its attractions, many travelers convert a little more than the estimated Rupees to Pound , just to make sure that they don’t run out of foreign exchange during their UK trip. After all, who wants to go through the hassle of finding a reliable forex vendor in a foreign country? If you are one of such smart travelers, then you might have some leftover Pounds.

Importance of the GBP

GBP or the British Pound Sterling is the official currency of the United Kingdom (UK). GBP is one of the most popular, strong, and highly valued currencies in the world. The value of GBP is higher than that of the US Dollar. The British Pound is also known as the quid. Owing to the value of GBP, it is not surprising to know that almost 13% of daily world trading volume is done in GBP. There are several currencies that are linked or fixed against the British Pound Sterling. For world trading purposes, often the US Dollar and Euro are also paired with the GBP.

Introduction of the GBP

Being one of the oldest currencies in the world, GBP continues to hold its importance and legal tender in the world economy. It is represented by the symbol '£'. The nickname for GBP is Quid and one Quid is equivalent to a hundred pence. Often the pence is used for world trading purposes. The history of the British Pound Sterling dates back to 1707 when England and Scotland came together to form a single country. Countries like Australia, Canada, and New Zealand also once used the Pound Sterling as their currency.

Prior to the introduction of the printed notes in 1855, Pound banknotes were handmade. The Bank of England is responsible for managing and administering the currency. The exchange rate of the Sterling and Euro keeps on swaying against each other and there are several reasons for the same. Let's discuss it in the later part of the article.

Factors that affect the exchange of the GBP to INR

In very simple terms, the exchange rate is referred to the rate at which one currency is converted into another. For instance, the rate at which GBP/Sterling is covered into INR or vice-versa will be the exchange rate for these particular currencies.

Various factors together impact the exchange rate of a currency. As of today, the exchange rate, or GBP to INR is 101.61 INR per GBP. This means you need to give INR 101.61 in order to receive 1 Sterling in return. This rate of exchange is affected majorly by the economic policies and the political stability of the country. Geopolitics, international commodity prices, oil prices, debts of concerned countries, and their foreign reserves also make a huge difference in the exchange rate of a currency.

Convert GBP to INR Online as per Today’s Conversion Rate

The rate of GBP to INR keeps on fluctuating based on various factors as mentioned above. If you want to convert today, you will be required to have INR 101.61 for 1 Sterling or say, 0.0098 Sterling to get one INR. Let's see an illustration to understand:

Sushmita Rana, a 40-year-old businesswoman is planning to visit her nephew who lives in England. She wants to get £1000 and so, for this, she needs to have INR 1, 01,676.66. This is because as per today's rate, 1 Sterling is equivalent to 101.61 Indian Rupees. The value of the Sterling is quite high than the INR and so, more INR is required to get 1 Pound Sterling.

Convert GBP to INR

You need to have GBP if you wish to travel to the United Kingdom or send money to your family and friends living there. Trading with commodities of the UK also requires the payment to be done in Pound Sterling.

If you are planning to get GBP against INR or vice-versa, you may want to have a look at the currency converter. It is an online tool designed for quick currency conversion. Enter the inputs as asked and the tool will calculate the result for you. It helps you get a quick idea of how much finances you need. As of today's rate, the calculation will be:

1 GBP/Pound/Quid= 101.61 Indian Rupees, so,

100 GBP/Pound/Quid= 10,161 Indian Rupees, and

1 INR= 0.0098 Sterling, so,

200 INR= 1.96 Sterling.

How are GBP-INR Rates Determined?

Euro and INR are often paired for world trading purposes. There are several factors, as discussed above, like political, economic, and international aspects that affect the exchange rate of the GBP to INR. The central bank of both countries looks after the rate of exchange and maintains it on a regular basis. The central bank of India is the Reserve Bank of India (RBI) and that of the UK is The Bank of England. Both these institutions fix the exchange rate. The rate of GBP to INR keeps on fluctuating on a regular basis.

GBP and INR Overview

The GBP continues to hold high value in the international market, however, it has also witnessed a decline over time. During the exit of Britain from the EU, popularly known as Brexit, the value of the Sterling fell, and in 2022 when Truss's government announced a tax cut, the value of the currency further fell.

On the other hand, the INR is also one of the most popular currencies and continues to grow. In recent times, the bilateral trade between India and UK has grown and it has had positive impacts on both the exchange rate and the economic conditions of both countries. Stock prices for the UK in the international market are often mentioned in GBX. It refers to the Pence since most of the trading is done in Pences and not in Sterling. It is expected that the relationship between INR and GBP will see a further rise in the future.

Why Thomas Cook?

Thomas Cook takes pride in being one of the world’s leading forex and travel partners. Our commitment towards work has allowed us to offer travel solutions that are sure to enrich your traveling experience. Travelers from across the globe trust us for all their travel and forex requirements and it’s time you do too.

Still have doubts regarding British Pound to INR conversion rate? Speak to our forex experts today to get the best in market foreign exchange rates.

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Frequently asked questions GBP to INR

What factors affect GBP to INR exchange rate?
The factors that affect GBP to INR exchange rate include interest rates, economic performance, political stability, inflation rate, trade balance, market sentiment, central bank policies, and global events. These elements influence the demand and supply for both currencies, leading to fluctuations in their exchange rate.
Should I convert GBP to INR at the airport?
Converting GBP to INR at the airport is generally not recommended as airport currency exchange services often offer less favorable exchange rates and may charge higher fees or commissions. It's better to exchange currency at a bank, reputable exchange office, or use an ATM at your travel destination for better rates and lower costs.
Can I convert GBP to INR online?
Yes, you can! To convert GBP to INR online, simply log on to the Thomas Cook website, fill in the required details, and our trustworthy executives will deliver the forex at your doorstep. If you wish, you could personally pick up your foreign exchange from your nearest Thomas Cook branch.
Can I use the Prepaid Forex Card in India?
Being a Foreign Currency Card, it cannot be used domestically and can only be used when abroad. Countries, where you cannot are India, Nepal, and Bhutan as per RBI guidelines.
Is it OK if I keep the Forex Card, and reload it for my next trip?
Yes. You can reload a forex card before your next international trip. Therefore, you can use the same by just loading in some more money at your discretion. However, it is important to keep the track of the card validity. It is valid for 5 years from the date of its issuance.
I’m back from my trip. Can I encash the amount remaining in my forex card?
Yes. You may encash the card once you are back in India. However, it is important to note that the minimum period before encashing the amount is 10 days from your last transaction undertaken on the card. If you wish to refund the spare amount in your card, then you may visit the nearest Thomas Cook branch or any branch for that matter. It is regardless of where the card was issued. You will be required to fill up a refund form, and submit a copy of your passport along-with the form and claim your refund at the best available rates.
How do I send money abroad?
You may visit the nearest Thomas Cook branch or have us call you back. Our experts will guide you with the best mediums to send money abroad without any hassle or inconvenience. They will ensure that you experience a seamless transactional process. Whether it is to do with the necessary documentation or understanding the mediums to make international money transfers online, they will facilitate you with the most convenient and reliable assistance.
Does Thomas Cook facilitate an online portal to buy forex?
Thomas Cook is a leading name when it comes to Foreign Exchange services, thereby respecting your forex requisition for an international trip. Our 24x7 online tool is available where users can check live currency exchange rates to buy, sell, or remit forex. All you need to do is fill up a simple form and submit the relevant details. Once the formality is done, the respective mode of forex will be handed over to you after verification and receipt of payment.

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