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Money Money Money
Pound Sterling (Symbol £ or GBP) is the currency of the United Kingdon. The pound sterling is the fourth-most-traded currency in the foreign exchange market after the US dollar, the euro, and the Japanese yen.
There are one hundred pence to each pound. Coins have the values of 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. Notes have the values of £5, £10, £20 and £50. Scottish £1 notes are still in circulation in Scotland. The Channel Islands and the Isle of Man have some different coins and notes from the mainland but the monetary system is the same.
Changing money and exchange rates
Foreign currency can easily be exchanged at banks, most post offices, and at Bureau de Change booths.
To convert the figures to any currency across the globe, view the current exchange rate and currency converter.
Examples of United Kingdom prices:
|
Average UK Prices |
Average price in Great British Pounds |
Average price in Euro(approx) Depending on the exchange rate |
Average price in Australian dollars (approx)Depending on the exchange rate |
|---|---|---|---|
|
Rent - one bedroom flat |
300 – 600 per calendar month | 370 – 750 per calendar month | 600 - 1220 |
| Utilities | 100 per calendar month | 125 per calendar month | 200 per calendar month |
| Oyster card |
Free set up – Pay as you go |
Free set up – Pay as you go | Free set up – Pay as you go |
| Newspaper | 0.20 – 1.00 | 0.25 – 1.25 | 0.40 – 2.00 |
| Annual Gym membership | 400 – 700 per year | 500 – 890 per year | 800 - 1400 |
| Bottle of wine | 3.00 – 7.00 | 3.70 – 8.90 | 6.00 – 14.00 |
| Pint of beer | 2.50 – 3.50 | 3.15 – 4.40 | 5.00 – 7.00 |
| Glass of wine | 3.00 – 3.50 | 3.70 – 4.40 | 6.00 – 7.00 |
| Album download | 6.00 – 20.00 | 7.50 - 25.00 | 12.00 - 40.00 |
| Loaf of bread | 0.50 – 1.50 | 0.60 - 1.90 | 1.00 - 3.00 |
| Cinema ticket | 5.00 – 10.00 | 6.30 - 12.60 | 10.00 - 20.00 |
| Internet cafe connection | 1.00 – 5.00 per hour | 1.25 - 6.30 per hour | 2.00 - 10.00 per hour |
| Cappuccino | 2.00- 4.00 | 2.50 - 5.00 | 4.00 - 8.00 |
| Litre of fuel | 1.10 – 1.20 | 1.40 - 1.50 | 2.20 - 2.40 |
| Prescription cost | 7.10 | 8.90 | 14.20 |
| Hairdresser | 15.00 – 45.00 | 18.80 - 56.00 | 30 - 90 |
| Dry cleaning | 3.00 – 6.00 | 3.70 - 7.50 | 6.00 - 12.00 |
| Can of coke | 0.80- 1.00 | 1.00 - 1.25 | 1.60 - 2.00 |
To convert the figures to any currency across the globe, view the current exchange rate and currency converter.
