![]() Sterling banknotes issued by other jurisdictions are not regulated by the Bank of England their governments guarantee convertibility at par. The Bank of England is the central bank for sterling, issuing its own banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. British Pound / Indian Rupee Historical Reference Rates from Bank of England for 2005 to 2023 May - 2023 1. ![]() As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. In British English, it is commonly referred to as a "quid". The pound is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the currency of the United Kingdom and nine of its associated territories. Handbook of Statistics on Indian Economy. ^ "Table 140 : Exchange Rate of the Indian Rupee vis-à-vis the Sdr, US Dollar, Pound Sterling, D.M./Euro and Japanese Yen (Financial Year-Annual Average and end-Year Rates)".Handbook of Statistics on Indian Economy. Compare GBP to INR best transfer rates and fees before your next money transfer panda-remit logo, 20751.70 INR Check rates, Panda Remit GBP to INR rate: 1 GBP. ^ "Table 139 : Exchange Rate of the Indian Rupee vis-à-vis the Sdr, US Dollar, Pound Sterling, D.M./Euro and Japanese Yen (Calendar Year - Annual Average)".Applicable reference rates are of previous day. ^ "Rupee's journey since Independence: Down by 65 times against dollar". Conversion rates are average of various banks exchange rates.January 1, 1999.ġ948 to 2022 Exchange Rate of the Indian Rupee vis-a-vis the SDR, USD, GBP, DM and JPY (FY, annual average and end-year rates) Year The Euro replaced the Deutsche Mark w.e.f.Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar.Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates.Its worth knowing that the mid-market rate isnt always available from your regular bank. Data from 1971 to 1991–92 are based on official exchange rates. That means that if you convert 100 GBP to INR youll get 10,323.1 INR.The end year rate for 1998–99 pertain to Maof Deutsche Mark rate.To see today’s exchange rate and our historic rates year on year, head over to our rates page here. ![]()
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