FJD Snapshot

The FJD (abbreviated FJD) has been the currency of Fiji since 1969. The choice of the name ‘dollar’ was motivated by the fact that the reduced value of the new unit corresponded more closely to the value of the US dollar that it did to the pound sterling.

• Currency Name: Fijian Dollar
• Currency Code: FJD
• Currency Symbol: $ or FJ$
• Central Bank: Reserve Bank of Fiji
• Countries Used In: Fiji
• Major Unit: One Fijian Dollar
• Minor Unit: Cent = 1/100 of a Dollar
• Note Denominations: $5, $10, $20, $50, $100
• Coin Denominations: 5c, 10c, 20c, 50c, $1, $2

What influences the GBP/USD exchange rate?

The GBP/USD currency pair is known as trading the ‘Cable’ and is the 3rd most popular currency pair after USD/EUR and USD/JPY.²  Fluctuations in the GBP/USD exchange rate are often based around perceptions of relative economic strength between the two countries, and fiscal policy announcements by the Federal Reserve and Bank of England may play an influential role as well.

GBP/USD Snapshot

The United Kingdom is one of the largest markets for U.S. goods exports and one of the largest suppliers of U.S. imports. The United States and the United Kingdom share the world's largest bilateral foreign direct investment partnerships.

---U.S. Department of State

• In 1946, Winston Churchill referred to the U.S./U.K. alliance as a ‘special relationship’--a modest phrase for the often unparalleled and unprecedented cooperation between two major powers. Along with Australia, New Zealand and Canada, the U.S. and U.K. are primary participants in the intelligence sharing alliance known as the Five Eyes.

• Higher education is a popular export for both countries. For the U.S. it’s a $21 billion contributor to the economy while for the U.K. it hit £18 billion in 2012.³

• The two countries share a love of fast food. Americans spend about $37 billion per year on pizza. That’s roughly ⅓ of the global market and amounts to a consumption rate of about 100 acres per day. Comparatively, the U.K. spends just under £3 billion on pizza annually.⁴

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Currency Name: Pound Sterling. Also known as: U.K. pound, or quid.

Currency Code: GBP

Currency Symbol: £

Central Bank: Bank of England

Countries Used In: The United Kingdom and British territories including: Isle of Man, Gibraltar, Falkland Islands. Guernsey and Jersey.

Major Unit: One pound

Minor Unit: One penny or pence

Note Denominations: £1 (rare), 5, 10, 20, 50, 100 (rare)

 Coin Denominations: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Sources:

1. http://www.express.co.uk/life-style/food/529175/Why-Brits-love-a-cup-of-tea

2. http://en.tradimo.com/tradipedia/gbp-usd/

3. http://www.lsbf.org.uk/blog/news/education-careers/higher-education-in-britain-is-high-growth-export-says-new-report/89010

4. http://www.papajohns.co.uk/blog/21-unique-pizza-facts-you-need-to-know-infographic