Pound Sterling to Uruguayan Peso — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Uruguay

Currency Code, Symbol: UYU, $U

Denominations of coins in circulation: $1, $2, $5, $10

Denominations of banknotes in circulation: $20, $50, $100, $200, $500, $1000, $2000

History: The Uruguayan peso ($U) is a currency of a country located in South America called Uruguay. It is not used in other countries. In the international financial arena, it is known as UYU.The coins are called centésimos. Every Uruguayan peso can be exchanged for 100 centésimos. The currency has been issued in 1835. It has replaced the nuevo peso used as the national currency before that. The currency’s rate is defined by the floating system. Inflation and the political situation in the country influence the rate.Read More