Convert Tongan Paanga to Gibraltar Pound
Please provide values below to convert Tongan Paanga [TOP] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Tongan Paanga.
How to Convert Tongan Paanga to Gibraltar Pound
1 TOP = 3.22085640956369 GIP
Example: convert 15 TOP to GIP:
15 TOP = 15 × 3.22085640956369 GIP = 48.3128461434554 GIP
Tongan Paanga to Gibraltar Pound Conversion Table
| Tongan Paanga | Gibraltar Pound |
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Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.
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.