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About this currency pair
Turkmenistani Manat (TMT) — the currency of Turkmenistan
The Turkmenistani manat in its current form follows a 2009 redenomination of the earlier manat. The Turkmenistani Manat is used in Turkmenistan, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. It often appears in travel spending, regional trade, energy or goods imports, remittances and comparisons with EUR, USD or neighboring currencies. The manat name is used in parts of the Caucasus and Central Asia, so the currency code distinguishes it from similar names.
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.