Different countries have different currencies from America, and that can be difficult to keep up with. A British quid is one of these currencies, and it’s actually a British slang term for the word ‘pound’. However, what exactly is a quid to a dollar?
A British quid is equal to one unit of British currency. Therefore, when British people are referring to “quid” they mean “pound” which is the currency in the United Kinkdom.”Quid” is a similar word to the word “buck” and therefore the amount a “quid” is worth depends on the current exchange rate between the British Pound and the American Dollar.
I have 5 quid in my pocket.(5 pounds sterling)
Do you have a quid for a coffee?(1 pound sterling)
What A British Quid Is
If you’ve heard of the phrase ‘quid pro quo’, you’re familiar with what quid means and where it comes from. The origin of quid comes from that phrase, which means ‘something for something’. This term is Latin in origin, and quid has become slang for pound.
Pound is another word that’s of a Latin origin. This comes from the word ‘Libra’, which was the currency for Rome. There’s plenty of slang words for pounds, including quid and sterling. Both of these are used often, but they mean the same thing, so don’t get them confused.
For example, a slang word like quid is used in the same way Americans use the slang word ‘buck’ for dollar. The difference is that you can use quid as a plural form of the word as well. You can say ‘give me two bucks’ whereas if you were to use quid, it’d be ‘give me two quid’.
How Quid Relates To USD
Each form of currency has its origin story. British pounds and all the slang words for it have their own origin, most of which Latin. For USD (the abbreviation for United States currency), it originates from the Spanish silver dollar. USD was introduced to be at par with the silver dollar.
This means that a dollar is equivalent to 100 cents. On the contrary, British pounds are from the unit sterling. That’s why sterling is another slang word for it. Another acceptable way to say pounds is pound sterling. It is officially called the United Kingdom pound.