KES to GBP

KES - Kenyan Shilling (Ksh)
GBP - British Pound (£)
1 KES1 GBP

Currency conversion rates from KES to GBP

KESGBP
1 KES1 GBP
5 KES5 GBP
10 KES10 GBP
20 KES20 GBP
50 KES50 GBP
100 KES100 GBP
250 KES250 GBP
500 KES500 GBP
1000 KES1000 GBP
2000 KES2000 GBP
5000 KES5000 GBP
10000 KES10000 GBP
GBPKES
1 GBP1 KES
5 GBP5 KES
10 GBP10 KES
20 GBP20 KES
50 GBP50 KES
100 GBP100 KES
250 GBP250 KES
500 GBP500 KES
1000 GBP1000 KES
2000 GBP2000 KES
5000 GBP5000 KES
10000 GBP10000 KES

GBP - British Pound (£)

The British pound is the currency of the United Kingdom. It is the fourth most traded currency, behind the US dollar, the Japanese yen, and the euro. It is also the third most held reserve currency in the world. The pound is the oldest currency still in existence today.

The official currency of the United Kingdom is the British Pound (GBP), which is used in Great Britain, British Overseas Territories, the South Sandwich Islands, and the British Antarctic Territory, as well as Tristan de Cunha. The Pound is divided into 100 pence. Another name used for the Pound is Sterling. The symbol for the Pound is £.

Pound Sterling is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark), Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, UK, GB, GBR). Pound Sterling is also known as the British Pound, the United Kingdom Pound, UKP, STG, the English Pound, British Pound Sterling, BPS, and Sterlings. Pound Sterling is divided into 100 pence. The exchange rate for Pound Sterling was last updated on Today from The International Monetary Fund. The GBP conversion factor has 6 significant digits.

Economy

  • The United Kingdom is rated as the sixth-largest economy in the world.
  • The main industries range from aerospace to financial services.
  • Export products are beverages, tobacco, fuels, manufactured goods, chemicals, and food.
  • Import products are foodstuffs, fuels, machinery, and manufactured goods.
  • Unemployment is estimated at 7.6%.

History

  • It is difficult to estimate when the Pound originated; but sources indicate that the Pound was already in circulation during the Anglo-Saxon period. During the medieval period the Tealby penny was circulated and was the standard unit used until the 20th century.
  • In 1552, silver coinage was introduced made of sterling silver.
  • In 1663, gold coinage was introduced. The silver coinage remained and was used for importing goods; gold was used for exporting goods. This made Britain a gold standard country.
  • The first paper money was issued in 1694, after the Bank of England was established.
  • In 1861, the gold standard was adopted again.
  • In 1914, after the outbreak of World War I, the gold standard was abandoned and treasury notes became legal tender.
  • In 1940, the Pound was pegged to the US Dollar and later became part of the Bretton Woods system.
  • In 1971, the Pound was changed to a free-floating currency.
  • In 1976, the country had a Sterling crisis.
  • In 1988, the UK Treasury instituted a policy whereby movements of the British Pound "shadowed" those of the German Mark.
  • In 1990, the UK became part of the European Exchange rate mechanism, but withdrew in 1992.
  • The UK had the option to adopt the Euro in 1999, but declined.

More information about GBP - British Pound (£)


KES - Kenyan Shilling (Ksh)

Kenyan Shilling

The Kenyan Shilling is the official currency of Kenya, an East African nation that lies on the equator, with the Indian Ocean to its south-east. It is bordered by Tanzania to the south, Uganda to the west, South Sudan to the north-west, Ethiopia to the north, and Somalia to the north-east.

The Kenyan Shilling is the currency in Kenya (KE, KEN). The symbol for KES can be written K Sh. The Kenyan Shilling is divided into 100 cents. The exchange rate for the Kenyan Shilling was last updated on May 24, 2019 from Yahoo Finance. The KES conversion factor has 5 significant digits.

Economy

  • Kenya has traditionally been a liberal market with minimal government involvement (such as price controls) in the oil industry. However, recent legislation allows the government to establish price controls for staples such as maize flour, kerosene, and cooking oil.
  • Since May 2010, the economic outlook has been positive, with 4-5% GDP growth expected due to the expansion of tourism, telecommunications, transportation, and construction, as well as a recovery in the agriculture sector.
  • The World Bank predicts 4% growth in 2010 and potential growth of 4.9% in 2011.
  • In March, 1996 the presidents of Kenya, Tanzania, and Uganda re-established the East African Community (EAC). The objectives of the EAC include harmonizing tariffs and customs regulations, free movement of people, and improvement of regional infrastructures.
  • In March 2004, the three East African countries signed a customs union.

History

  • In 1966, the Kenyan Shilling replaced the East African Shilling at par. The first coins were issued that year in denominations of 5, 10, 25, and 50 cents and 1 and 2 shillings.
  • Twenty-five cents coins were minted after 1969, and 2-shilling coins in 1971.
  • In 1985, 5-shilling coins were introduced, followed by 10-shilling coins in 1994 and 20-shilling coins in 1998.
  • Between 1967 and 1978, the portrait of Jomo Kenyatta, Kenya's first president, appeared on the front of the currency.
  • From 1980 to 2005, a portrait of Daniel arap Moi replaced Kenyatta.
  • In 2005 the central bank introduced a number of new coins that restored the portrait of Kenyatta. The stainless steel coins are valued at 50 cents and 1 shilling and the bimetallic coins at 5, 10, and 20 shillings.
  • In 2003, a bi-metallic 40-shilling coin was issued with the portrait of President Kibaki to commemorate the fortieth anniversary of independence (1963-2003).
  • New coins with the image of Kenyatta were minted in 2005.

More information about KES - Kenyan Shilling (Ksh)