Convert Gibraltar Pound to Canadian Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Canadian Dollar [CAD], or Convert Canadian Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Canadian Dollar
1 GIP = 0.543339449541284 CAD
Example: convert 15 GIP to CAD:
15 GIP = 15 × 0.543339449541284 CAD = 8.15009174311927 CAD
Gibraltar Pound to Canadian 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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.