Convert Swiss Franc to Gibraltar Pound
Please provide values below to convert Swiss Franc [CHF] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Swiss Franc.
How to Convert Swiss Franc to Gibraltar Pound
1 CHF = 1.07375388356072 GIP
Example: convert 15 CHF to GIP:
15 CHF = 15 × 1.07375388356072 GIP = 16.1063082534108 GIP
Swiss Franc to Gibraltar Pound Conversion Table
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
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.