Convert Gibraltar Pound to Cayman Islands Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Cayman Islands Dollar
1 GIP = 0.888395535821433 KYD
Example: convert 15 GIP to KYD:
15 GIP = 15 × 0.888395535821433 KYD = 13.3259330373215 KYD
Gibraltar Pound to Cayman Islands Dollar Conversion Table
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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.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.