Convert Hong Kong Dollar to Gibraltar Pound
Please provide values below to convert Hong Kong Dollar [HKD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Gibraltar Pound
1 HKD = 10.6035391057679 GIP
Example: convert 15 HKD to GIP:
15 HKD = 15 × 10.6035391057679 GIP = 159.053086586519 GIP
Hong Kong Dollar to Gibraltar Pound Conversion Table
| Hong Kong Dollar | Gibraltar Pound |
|---|
Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.