A pence is the plural form of a British penny. While "pence" is used to refer to a sum of money (like fifty pence), the fundamental unit is the penny. Based on the provided reference, a single penny is worth approximately 1.25 US cents.
Understanding Pence
In the United Kingdom's currency system, the pound sterling (£) is divided into 100 pence (p).
- Penny: The singular unit (1p).
- Pence: Used when referring to an amount of money that is more than one penny (e.g., 50 pence).
- Pennies: Used when referring to multiple physical penny coins (e.g., three pennies).
The reference states that "Pence is plural of penny. A penny in UK currency is worth approximately 1.25 cents in US currency. Pence is used for a sum of money as in thirty pence. However if you are talking about several penny coins then the plural is pennies."
Approximate Value in US Cents
According to the information from 2017, the value of one penny (the base unit that makes up sums of pence) was approximately:
1 UK Penny ≈ 1.25 US Cents
This means that any amount in pence can be roughly converted to US cents by multiplying the number of pence by 1.25.
Examples
- Thirty pence: This is a sum of 30 pennies. Its approximate value in US cents would be 30 * 1.25 cents = 37.5 cents.
- Two pence: This is a sum of 2 pennies. Its approximate value would be 2 * 1.25 cents = 2.5 cents.
Key Terms and Conversions (Approximate based on 2017 data)
| Term | Definition | Approximate US Value (per unit) |
|---|---|---|
| Penny | The singular unit of UK currency (1p) | 1.25 US Cents |
| Pence | Plural form for a sum of money | (Value per penny is 1.25 US Cents) |
| Pennies | Plural form for multiple coins | (Value per penny is 1.25 US Cents) |
Note: Currency exchange rates fluctuate constantly. The approximate value provided is based on the specific information from 2017 in the reference.
Essentially, when you hear an amount given in "pence," it refers to that number of pennies added together, and each of those pennies holds an approximate value of 1.25 US cents.
