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Why is the British pound always worth more than the US dollar?
Wiki User
∙ 16y ago
Because the British Pound is backed by something of actual value, silver. The US Dollar is not on the gold or silver standard (it used to be), therefore, it is called a Fiat money system. When the US economy is in a downward spiral so follows the US currency. Much more needs to be said about our fiat money system and how the Federal Reserve charges our own government (when the FED is suppose to be part of the US government) high interest rates to loan itself money. Again, this is only part of the equation that will keep (and has kept) the US Dollar lower than the British Pound.
Wiki User
∙ 16y ago
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How many dimes in a pound?
The British pound is worth slightly less than the American dollar. Therefore, a pound is only worth about 6.2 American dimes. If you are talking weight, it takes about 200 dimes to weigh a pound.
How much is a penny?
A US "penny" is actually a 1 cent coin, worth 1/100 of a dollar. A British penny (the coin's official name) is worth 1/100 of a pound sterling.
Is 1 pound in england worth more or less than 1 dollar?
Currently 1 Pound Sterling is equal too about $1.64 so the pound is worth more.
How many florins equal a dollar?
Florins are no longer circulated but were worth the equivalent of 24 British pennies - 100 equal 1 British pound. The exchange rate varies so need to check with a bank or two.
How many old pennies in a 1.00?
You didn't specify what "1.00" refers to, so I added your question to British Coins and Australian Coins because those would be the two major countries that would probably fit. In the old British system, £1 sterling equalled 240 pence. When the decimal pound was adopted during the period 1968-71, old pennies were replaced with "new pence" worth 2.4 times as much, so there would be 100 new pennies in a pound. (FWIW, in 1982 the word "new" was dropped). The old Australian system was similar, but Australia decided to create a new currency, the Australian Dollar (A$) at the rate of A£1 = A$2; the dollar is divided into 100 cents. That is, 1 Australian dollar was worth half a pound or 120 old pennies. That meant that an Australian cent was worth 1.2 old pennies at the time of conversion.
What is the pound worth to the dollar?
Is a dollar more money than a british pound?
What is the value of the US dollar to the British Pound?
1 US dollar is worth 0.689 pounds. 1 pound is worth $1.4327
What is a british pound worth compared to a us dollar?
As of 3rd July 2009, £1 = $1.63
What is the US Dollar value of the English pound?
As at 11Oct09 1 British Pound was worth 1.5820 US Dollars.
How much does one American dollar equal in british money 2011?
As of today (02APR2011), $1 US Dollar is worth about 0.62 British Pounds. 1 Pound is worth about $1.61.
How many US Dollar make one pound?
If you are asking about a pound avoirdupois: A US dollar bill weighs about 1 gram. Thus, there are 454 dollar bills to a pound. If you are asking about a British pound: As of February 23, 2009, one British pound is worth about 1.45 US dollars.
How much is a british half cent 1936 worth?
The British have never produced a Dollar or cent coins. Their currency is the Pound.
How many dimes in a pound?
The British pound is worth slightly less than the American dollar. Therefore, a pound is only worth about 6.2 American dimes. If you are talking weight, it takes about 200 dimes to weigh a pound.
How much is 400 pounds worth in us dollars in England?
400.00000 British Pound = 625.14000 US Dollar
1 british pound in 1973 is worth what today?
A british pound today is worth a pound!
How dollars is a british pound worth?
You need to say which type of dollar you want to convert into. There are many different currencies in the world called "dollar". For example, Singapore dollar, Canadian dollar, Australian dollar.
What was the value of the US dollar to the British pound in 1990?
As of 31Dec90 GBP1 was worth USD1.9350 starting 1990 on 01Jan90 at 1.6060.
