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Shiba Inu to Pound Sterling Converter and calculator

Convert 1Shiba Inu (SHIB) to Pound Sterling (GBP) equals £ 0.{4}1089 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Shiba Inu(SHIB) to Pound Sterling(GBP). This is the real-time data. The current conversion shows 1 SHIB at a value of 1 SHIB for 0.00 GBP . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Shiba Inu currency pair is the SHIB to GBP, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GBP.

SHIB to GBP conversion rate trend

1D7D1M3M1YAll
In the past 1D, Shiba Inu has changed +27.36% to GBP. Based on the trend and price charts, Shiba Inu(SHIB) has changed +27.36% to GBP while Pound Sterling(GBP) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
£0.{4}1134
0.0001% / 0.0004%vip-iconVIP
Binance
£0.{4}1115
0.1000% / 0.1000%
Yes
Coinbase Exchange
£0.{4}1137
0.1000% / 0.1000%
Yes
Kraken
£0.{4}1122
0.1000% / 0.1000%
Yes
OKX
£0.{4}1118
0.080% / 0.100%
Yes
Huobi
£0.{4}1139
0.1000% / 0.1000%
Yes
Gate.io
£0.{4}1119
0.1000% / 0.1000%
Yes
Bybit
£0.{4}1135
0.1000% / 0.1000%
Yes
KuCoin
£0.{4}1118
0.1000% / 0.1000%
Yes
Bitfinex
£0.{4}1120
0.1000% / 0.1000%
Yes
Last updated 2024/02/29 07:00:28(UTC+0)

What factors influence the conversion rate of Shiba Inu to Pound Sterling?

Shiba Inu to Pound Sterling is rising this week.
Shiba Inu's current market price is £ 0.{4}1089 per SHIB, with a total market cap of £ 6,417,111,541.94 GBP based on a circulating supply of 589,289,600,000,000 SHIB. The trading volume of Shiba Inu has changed by +111.64% (£ 793,804,469.68 GBP) in the last 24 hours. Last trading day, SHIB's trading volume was £ 711,034,379.61.
Market cap
$8.13B
24h volume
$1.91B
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is increasing.
1 SHIB is currently valued at £ 0.{4}1089 GBP , which means buying 5 SHIB will cost £ 0.{4}5445 GBP . Similarly, £1 GBP can be traded for 91,830.97 SHIB, and £50 GBP can be converted to 4,591,548.38 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Pound Sterling has changed by +43.25% in the last 7 days. In the last 24 hours, the rate has fluctuated by +27.36%, reaching a high of 0.{4}1154 GBP and a low of 0.{5}8279 GBP . One month ago, the value of 1 SHIB was £ 0.{5}7376 GBP , which represents a +47.69% change from its current value. Over the last year, Shiba Inu has changed by
+£
0.{5}1147GBP
, resulting in a change of +11.79% in its value.

SHIB to GBP

Amount
07:53 am today
0.5 SHIB
£0.{5}5445
1 SHIB
£0.{4}1089
5 SHIB
£0.{4}5445
10 SHIB
£0.0001089
50 SHIB
£0.0005445
100 SHIB
£0.001089
500 SHIB
£0.005445
1000 SHIB
£0.01089

GBP to SHIB

Amount07:53 am today
0.5GBP45,915.48  SHIB
1GBP91,830.97  SHIB
5GBP459,154.84  SHIB
10GBP918,309.68  SHIB
50GBP4,591,548.38  SHIB
100GBP9,183,096.77  SHIB
500GBP45,915,483.84  SHIB
1000GBP91,830,967.68  SHIB
share

Today vs. 24 hours ago

Amount07:53 am today24 hours ago24h change
0.5 SHIB$0.{5}6898$0.{5}5418
+27.36%
1 SHIB$0.{4}1380$0.{4}1084
+27.36%
5 SHIB$0.{4}6898$0.{4}5418
+27.36%
10 SHIB$0.0001380$0.0001084
+27.36%
50 SHIB$0.0006898$0.0005418
+27.36%
100 SHIB$0.001380$0.001084
+27.36%
500 SHIB$0.006898$0.005418
+27.36%
1000 SHIB$0.01380$0.01084
+27.36%

Today vs. 1 month ago

Amount07:53 am today1 month ago1M change
0.5 SHIB$0.{5}6898$0.{5}4673
+47.69%
1 SHIB$0.{4}1380$0.{5}9345
+47.69%
5 SHIB$0.{4}6898$0.{4}4673
+47.69%
10 SHIB$0.0001380$0.{4}9345
+47.69%
50 SHIB$0.0006898$0.0004673
+47.69%
100 SHIB$0.001380$0.0009345
+47.69%
500 SHIB$0.006898$0.004673
+47.69%
1000 SHIB$0.01380$0.009345
+47.69%

Today vs. 1 year ago

Amount07:53 am today1 year ago1Y change
0.5 SHIB$0.{5}6898$0.{5}6172
+11.79%
1 SHIB$0.{4}1380$0.{4}1234
+11.79%
5 SHIB$0.{4}6898$0.{4}6172
+11.79%
10 SHIB$0.0001380$0.0001234
+11.79%
50 SHIB$0.0006898$0.0006172
+11.79%
100 SHIB$0.001380$0.001234
+11.79%
500 SHIB$0.006898$0.006172
+11.79%
1000 SHIB$0.01380$0.01234
+11.79%

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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.