Convert Gibraltar Pound to New Zealand Dollar
Please provide values below to convert Gibraltar Pound [GIP] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to New Zealand Dollar
1 GIP = 0.443559017375674 NZD
Example: convert 15 GIP to NZD:
15 GIP = 15 × 0.443559017375674 NZD = 6.65338526063511 NZD
Gibraltar Pound to New Zealand Dollar Conversion Table
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.