Convert United States Dollar to Gibraltar Pound
Please provide values below to convert United States Dollar [USD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to United States Dollar.
How to Convert United States Dollar to Gibraltar Pound
1 USD = 1.35080372821829 GIP
Example: convert 15 USD to GIP:
15 USD = 15 × 1.35080372821829 GIP = 20.2620559232743 GIP
United States Dollar to Gibraltar Pound Conversion Table
| United States Dollar | Gibraltar Pound |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.