British Currency: Please explain the differences between them all!!!?

Question

I want to know about pounds, pence, shillings, and quid. I don't need a lengthy history, just what each is worth!!!

Answer 1

1 pound = 1 quid = 100 pence, shillings = history

Answer 2

English currency is based on the pound (technically a pound sterling as the currency was once tied to the value of silver). The pound comprises 100 pence, a concept resembling our American dollar which comprises 100 cents (pennies).

Like our dollars and cents the larger denominations are notes (bills) the pound note, 5 pound note, 50 pound note etc. Smaller denominations are coins. The coins are all known by their value as in a 50p or a 10p. The English system does not use names like our nickel, dime or quarter.

In the past english money was not decimal and the individual coins did have specific names like a shilling and a farthing. These names (and the coins) have gone out of use.

Like the dollar the pound has nicknames a $1 bill is also a buck, a $20 is a double-sawbuck. The most common name for a pound is a quid. Other nicknames no doubt exist but I don't know them.

I hope this has been helpful.

Answer 3

Shillings are from the past and are not used any more. The decimal system came in and now it is pounds and pence. there are 100 pence (or pennies) to 1 pound. pound symbol is £. Quid is just another name for pound, much like buck is another name for dollar! Todays exchange rate $1.80 is the same as £1.00

Answer 4

pounds and pence are the currency.

(quid is another name for a pound, and shillings are no longer currency)

1 pound = 100 pence.

a pint of beer costs around 2 pound
a bar of chocolate costs around 40 pence.

lol, I don't know the price of anything healthy

Answer 5

yes there all right but failed to mention the Ginni. that is higher than the pound ,quid,and is used in many transactions still