Convert New Taiwan Dollar to Gibraltar Pound
Please provide values below to convert New Taiwan Dollar [TWD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Gibraltar Pound
1 TWD = 39.6663514791301 GIP
Example: convert 15 TWD to GIP:
15 TWD = 15 × 39.6663514791301 GIP = 594.995272186951 GIP
New Taiwan Dollar to Gibraltar Pound Conversion Table
| New Taiwan Dollar | Gibraltar Pound |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.