Convert Gibraltar Pound to Malaysian Ringgit
Please provide values below to convert Gibraltar Pound [GIP] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Gibraltar Pound.
How to Convert Gibraltar Pound to Malaysian Ringgit
1 GIP = 0.17495391596162 MYR
Example: convert 15 GIP to MYR:
15 GIP = 15 × 0.17495391596162 MYR = 2.6243087394243 MYR
Gibraltar Pound to Malaysian Ringgit Conversion Table
| Gibraltar Pound | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.