Convert Gibraltar Pound to Singapore Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Singapore Dollar [SGD], or Convert Singapore Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Singapore Dollar
1 GIP = 0.578494959756193 SGD
Example: convert 15 GIP to SGD:
15 GIP = 15 × 0.578494959756193 SGD = 8.67742439634289 SGD
Gibraltar Pound to Singapore 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.
Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.