In order to find the representative value of the pound sterling, enter the digit “1” in the “feed sum” field. Afterwards, click “calculate” in order to find the representative rate of 1 pound sterling in shekels. For other sums, feed the requested sum into the conversion calculator and find the shekel value of the sum requested.
The pound sterling is the fourth most traded currency in the world. Despite the fact that the pound is traded in smaller quantities than the euro and the dollar, its daily representative value is higher than those currencies.
Over recent years, the value of the pound has been above 4.2 shekels in Israel and its value is higher than that of the dollar and euro in other countries throughout the world as well.
The symbol, ₤, which symbolizes the pound is, in fact, the Latin letter “L” in an ancient artistic design. The line that crosses through the pound symbol is intended to clarify that reference is not to the letter L itself, but rather to a symbol.
The letter L was chosen to symbolize the pond because it constitutes an abbreviation of the Latin word libra, which was a Roman weight unit. The libra is equal to 453 grams – i.e. “1 pound” and, from this its name lira/pound derives.
The pound sterling (in short GBP), which is also known as “the pound” is the official currency of Britain and Northern Ireland. I.e. The currency of the United Kingdom. The currency is divided into 100 units and each unit is called “a penny.”