Convert Norwegian Krone to Gibraltar Pound
Please provide values below to convert Norwegian Krone [NOK] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Norwegian Krone.
How to Convert Norwegian Krone to Gibraltar Pound
1 NOK = 13.6590571389977 GIP
Example: convert 15 NOK to GIP:
15 NOK = 15 × 13.6590571389977 GIP = 204.885857084966 GIP
Norwegian Krone to Gibraltar Pound Conversion Table
| Norwegian Krone | Gibraltar Pound |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.