Convert Gibraltar Pound to Macanese Pataca
Please provide values below to convert Gibraltar Pound [GIP] to Macanese Pataca [MOP], or Convert Macanese Pataca to Gibraltar Pound.
How to Convert Gibraltar Pound to Macanese Pataca
1 GIP = 0.0915578312060948 MOP
Example: convert 15 GIP to MOP:
15 GIP = 15 × 0.0915578312060948 MOP = 1.37336746809142 MOP
Gibraltar Pound to Macanese Pataca Conversion Table
| Gibraltar Pound | Macanese Pataca |
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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.
Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.