Convert Gibraltar Pound to Hungarian Forint
Please provide values below to convert Gibraltar Pound [GIP] to Hungarian Forint [HUF], or Convert Hungarian Forint to Gibraltar Pound.
How to Convert Gibraltar Pound to Hungarian Forint
1 GIP = 0.00217606202438142 HUF
Example: convert 15 GIP to HUF:
15 GIP = 15 × 0.00217606202438142 HUF = 0.0326409303657213 HUF
Gibraltar Pound to Hungarian Forint 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.
Hungarian Forint
The Hungarian Forint (HUF) is the official currency of Hungary, used for all monetary transactions within the country.
History/Origin
The Forint was introduced in 1946, replacing the pengő after hyperinflation. It has undergone several reforms and decimalization since its inception.
Current Use
The Forint remains Hungary's legal tender, with banknotes and coins in circulation. It is managed by the Hungarian National Bank and used for everyday transactions and financial activities.