Convert Macanese Pataca to Gibraltar Pound
Please provide values below to convert Macanese Pataca [MOP] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Macanese Pataca.
How to Convert Macanese Pataca to Gibraltar Pound
1 MOP = 10.9220586248818 GIP
Example: convert 15 MOP to GIP:
15 MOP = 15 × 10.9220586248818 GIP = 163.830879373227 GIP
Macanese Pataca to Gibraltar Pound Conversion Table
| Macanese Pataca | Gibraltar Pound |
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Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.
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.