Convert Canadian Dollar to Gibraltar Pound
Please provide values below to convert Canadian Dollar [CAD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Canadian Dollar.
How to Convert Canadian Dollar to Gibraltar Pound
1 CAD = 1.84047007969742 GIP
Example: convert 15 CAD to GIP:
15 CAD = 15 × 1.84047007969742 GIP = 27.6070511954613 GIP
Canadian Dollar to Gibraltar Pound Conversion Table
| Canadian Dollar | Gibraltar Pound |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency 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.