Convert Gibraltar Pound to Bermudan Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Bermudan Dollar
1 GIP = 0.7403 BMD
Example: convert 15 GIP to BMD:
15 GIP = 15 × 0.7403 BMD = 11.1045 BMD
Gibraltar Pound to Bermudan Dollar Conversion Table
| Gibraltar Pound | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.