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About this currency pair
Manx pound (IMP) — the currency of Isle of Man
The Manx pound is a local pound issue for the Isle of Man and is used within the broader sterling monetary context. The Manx pound is used in Isle of Man, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. Conversions are useful for travel, remittances, local pricing, accounting records and comparing costs with larger international currencies. The pound name reflects an older sterling-linked monetary tradition, although each pound currency has its own market value.
British Pound Sterling (GBP) — a major international currency
The pound sterling is one of the world’s oldest currencies still in use and remains closely associated with UK prices, wages, banking and financial markets. GBP is also important for travel, ecommerce, invoices, investment reporting and comparisons with EUR and USD, especially because London is a major international financial centre.