The Pond Sterling Exchange Rate

The pound sterling-shekel calculator saves time in examining the value of the pound and converting pounds to shekels based on the GBP updated real-time rate


GBP Updated:

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.

What is the value of the currency in the world? |

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.

What is the origin of the pound symbol? |

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.

Who uses the pound sterling? |

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.”

About the Currency

The British pound is written as an artistic L and its symbol, pursuant to Standard ISO 4217 is GBP. Despite being a member of the European Union, Britain decided not to change the kingdom’s official currency to the European euro. As a result, the BOE is not subject to the ECB and only to its self.

The well-known pound symbol – ₤ symbolizes the currency and is in essence the letter L, illustrated artistically. Why was the letter L chosen to symbolize the pound? In the past, the Roman measuring unit “libra” (pound) was used as a means for weighing commodities. In England during the Middle Ages, traders used the weight of wheat kernels as an exchange rate and they measured the weight in units of pounds – libra

Over the years, they began to use coins as a means of payment and their weight was measured in libra, i.e. in pounds. Thus the word pound (libra) became the symbol of the English currency as of the reign of Queen Elizabeth I. Since then, the British coins have carried the image of the reigning king and, currently reference is to the image of the reigning queen – Elizabeth II.