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base info Reserve Rights

Reserve Rights to Pound Sterling Converter and calculator

Convert 1Reserve Rights (RSR) to Pound Sterling (GBP) equals £ 0.004639 | Bitget

GBP information

About the Pound Sterling (GBP)

What Is the Pound Sterling (GBP)?

The Pound Sterling, commonly known as the sterling or pound and abbreviated as GBP, is the national currency of the United Kingdom (including England, Scotland, Wales, and Northern Ireland), the Isle of Man, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It holds the distinction of being the oldest currency still in continuous use today. The symbol for the pound is £, and it is divided into 100 smaller units called pence.

GBP is the fourth most traded currency in the foreign exchange market, following the US dollar, the euro, and the Japanese yen. It is also part of the basket of currencies used by the International Monetary Fund (IMF) to calculate its special drawing rights. The Bank of England, the central bank of the UK, is responsible for issuing and regulating the pound. While banknotes are issued in England and Wales by the Bank of England, Scotland and Northern Ireland have their own banknotes, which are not governed by the Bank of England but are accepted throughout the UK.

What Is the History of GBP?

The term "pound sterling" originates from the Latin word "libra," denoting balance and weight. The pound coin was first introduced in 1489 during the reign of Henry VII. The Bank of England, established in 1694, began issuing pound notes shortly thereafter. These notes were initially handwritten. The pound operated in a complex system of shillings and pennies until 1971 when the decimal system was adopted. The UK allowed the pound to float freely in the currency market in 1971, letting market forces determine its value. Despite the introduction of the euro in 2002, the UK chose to retain the pound as its currency.

Notes and Coins of GBP

The pound sterling is available in various denominations. Banknotes are issued in £5, £10, £20, and £50 denominations, with some being printed on polymer for durability. Coins are minted in 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2 denominations.

What Is a Quid?

"Quid" is a slang term commonly used in the United Kingdom to refer to the British pound sterling (GBP), the currency of the United Kingdom. Its exact origin is unclear, but the most accepted theory is that it derives from the Latin phrase "quid pro quo," meaning "something for something," often used in financial and legal contexts. Another less substantiated theory links it to the Royal Mint in Quidhampton, Wiltshire. Over time, "quid" has become synonymous with "pound" in everyday British vernacular, used in the same informal manner as "bucks" is for dollars in the United States. Notably, the term remains singular regardless of the amount, so one would say "twenty quid" instead of "twenty quids."

Why Is GBP Worth More Than USD?

The British Pound (GBP) often holds a higher value than the US Dollar (USD) due to a combination of historical, economic, and market factors, rather than a direct reflection of the respective economies' strength. Historically, the GBP was the dominant currency in foreign exchange, with £1 fetching more than $5 before World War I. As of January 2024, the GBP continued to exhibit strength, maintaining a value of over 1.25 USD. This resilience is evident even after significant events like the 2007–2009 financial crisis, where the GBP peaked at just over 2.00 USD but later stabilized to 1.40–1.45. The impact of Brexit in 2016 further influenced this dynamic, causing a sharp fall in the GBP from the 1.40–1.45 range to 1.20–1.25, and reaching a 30-year low of about $1.05 in September 2022. This trend reflects the relative economic conditions of the UK and the US, with the UK facing challenges from Brexit and the US economy showing improvement. The total circulation of GBP is also much lower than that of USD, contributing to its higher nominal value.

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Bitget crypto-to-fiat exchange data shows that the most popular Reserve Rights currency pair is the RSR to GBP, with for Reserve Rights's currency code being RSR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GBP.

RSR to GBP conversion rate trend

1D7D1M3M1YAll
In the past 1D, Reserve Rights has changed +0.73% to GBP. Based on the trend and price charts, Reserve Rights(RSR) has changed +0.73% to GBP while Pound Sterling(GBP) has changed % to RSR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
£0.004592
0.0001% / 0.0004%vip-iconVIP
Binance
£0.004587
0.1000% / 0.1000%
Yes
OKX
£0.004583
0.080% / 0.100%
Yes
Huobi
£0.004537
0.1000% / 0.1000%
Yes
Gate.io
£0.004583
0.1000% / 0.1000%
Yes
KuCoin
£0.004574
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 21:00:29(UTC+0)

What factors influence the conversion rate of Reserve Rights to Pound Sterling?

Reserve Rights to Pound Sterling is falling this week.
Reserve Rights's current market price is £ 0.004639 per RSR, with a total market cap of £ 234,738,182.71 GBP based on a circulating supply of 50,600,000,000 RSR. The trading volume of Reserve Rights has changed by -42.01% (£ -12,758,245.61 GBP) in the last 24 hours. Last trading day, RSR's trading volume was £ 30,368,170.95.
Market cap
$291.93M
24h volume
$21.90M
Circulating supply
50.60B RSR

Conversion tables

The exchange rate of Reserve Rights is decreasing.
1 RSR is currently valued at £ 0.004639 GBP , which means buying 5 RSR will cost £ 0.02320 GBP . Similarly, £1 GBP can be traded for 215.56 RSR, and £50 GBP can be converted to 10,777.97 RSR, excluding any platform or gas fees.
The exchange rate of 1 RSR to Pound Sterling has changed by -38.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.73%, reaching a high of 0.004719 GBP and a low of 0.004418 GBP . One month ago, the value of 1 RSR was £ 0.004863 GBP , which represents a -4.61% change from its current value. Over the last year, Reserve Rights has changed by
+£
0.0009295GBP
, resulting in a change of +25.05% in its value.

RSR to GBP

Amount
21:17 today
0.5 RSR
£0.002320
1 RSR
£0.004639
5 RSR
£0.02320
10 RSR
£0.04639
50 RSR
£0.2320
100 RSR
£0.4639
500 RSR
£2.32
1000 RSR
£4.64

GBP to RSR

Amount21:17 today
0.5GBP107.78  RSR
1GBP215.56  RSR
5GBP1,077.8  RSR
10GBP2,155.59  RSR
50GBP10,777.97  RSR
100GBP21,555.93  RSR
500GBP107,779.66  RSR
1000GBP215,559.31  RSR
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Today vs. 24 hours ago

Amount21:17 today24 hours ago24h change
0.5 RSR$0.002885$0.002864
+0.73%
1 RSR$0.005769$0.005727
+0.73%
5 RSR$0.02885$0.02864
+0.73%
10 RSR$0.05769$0.05727
+0.73%
50 RSR$0.2885$0.2864
+0.73%
100 RSR$0.5769$0.5727
+0.73%
500 RSR$2.88$2.86
+0.73%
1000 RSR$5.77$5.73
+0.73%

Today vs. 1 month ago

Amount21:17 today1 month ago1M change
0.5 RSR$0.002885$0.003024
-4.61%
1 RSR$0.005769$0.006048
-4.61%
5 RSR$0.02885$0.03024
-4.61%
10 RSR$0.05769$0.06048
-4.61%
50 RSR$0.2885$0.3024
-4.61%
100 RSR$0.5769$0.6048
-4.61%
500 RSR$2.88$3.02
-4.61%
1000 RSR$5.77$6.05
-4.61%

Today vs. 1 year ago

Amount21:17 today1 year ago1Y change
0.5 RSR$0.002885$0.002307
+25.05%
1 RSR$0.005769$0.004613
+25.05%
5 RSR$0.02885$0.02307
+25.05%
10 RSR$0.05769$0.04613
+25.05%
50 RSR$0.2885$0.2307
+25.05%
100 RSR$0.5769$0.4613
+25.05%
500 RSR$2.88$2.31
+25.05%
1000 RSR$5.77$4.61
+25.05%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.