Convert Gibraltar Pound to Philippine Peso
Please provide values below to convert Gibraltar Pound [GIP] to Philippine Peso [PHP], or Convert Philippine Peso to Gibraltar Pound.
How to Convert Gibraltar Pound to Philippine Peso
1 GIP = 0.0130008798380115 PHP
Example: convert 15 GIP to PHP:
15 GIP = 15 × 0.0130008798380115 PHP = 0.195013197570172 PHP
Gibraltar Pound to Philippine Peso Conversion Table
| Gibraltar Pound | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.