Convert Gibraltar Pound to Australian Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Australian Dollar [AUD], or Convert Australian Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Australian Dollar
1 GIP = 0.484109338216061 AUD
Example: convert 15 GIP to AUD:
15 GIP = 15 × 0.484109338216061 AUD = 7.26164007324091 AUD
Gibraltar Pound to Australian Dollar Conversion Table
| Gibraltar Pound | Australian Dollar |
|---|
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.