Pound sterling united states dollar history for May 2023. The highest quote for this month is 1.2446 (15/05/2023) and the lowest 1.2525 (15/05/2023). The difference between high and low is -0.63.
GBP USD average rate for May 2023 is 1.2441, the change between 01/05/2023 and 31/05/2023 is +0.31 %.
| 15 May 2023 | 1 GBP = 1.245 USD |
| 17 May 2023 | 1 GBP = 1.248 USD |
| 24 May 2023 | 1 GBP = 1.242 USD |
| 31 May 2023 | 1 GBP = 1.241 USD |
23/06/2016: Brexit Referendum
The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.
31/12/1999: Establishment of the Euro
The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.
16/09/1992: Black Wednesday
The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).
14/02/1971: Decimalization of the Pound
The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.
06/12/1921: Currency Separation with Ireland
Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.
21/12/1816: Gold Standard Introduced
The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.
27/07/1694: Bank of England Established
The Bank of England was founded and granted a royal charter, becoming the central bank of England.