Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
US Dollar to Gibraltar Pound Exchange Rate
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How can I get the best exchange rate between the US dollar and the Gibraltar pound?
To get the best exchange rate between the US dollar and the Gibraltar pound, you should first check here on Finder.com what the mid-market rate of the currency is. This is the exchange rate that banks use when they trade with each other, and it can differ significantly from the rate your bank will offer you when you want to exchange currency with them.
If you are sending money to friends or family in Gibraltar, the best exchange rate can usually be obtained from online money transfer services. You should choose the service provider that offer an exchange rate as close as possible to the mid-market rate, but keep in mind any service fees that may be charged in addition. In addition to these benefits, online money transfer services are usually able to process your transaction much faster than banks do.
|Sub unit symbol:||c|
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Sub unit symbol:||p|
|Bank notes:||£5, £10, £20, £50, £100|
|Coins:||1p, 2p, 5p, 10p, 20p, 50p, £1, £2, £5|
What affects exchange rates between the US dollar and the Gibraltar pound?
The Gibraltar pound is pegged to the British pound at a rate of 1-to-1. If you want to understand what affects the exchange rate between the US dollar and the Gibraltar pound, you therefore first need to understand what affects the exchange rate between the US dollar and the British pound.
The US dollar/British pound currency pair is among the most traded currency pairs in the world, along with the euro and the Japanese yen. The exchange rate fluctuates every second of the day on the global foreign exchange market.
The exchange rate between the pound and the dollar can be affected by many different global events, as well as political and economic developments in both the United Kingdom and the United States. One recent event that made a huge impact on the exchange rate between the dollar and the pound was when the UK chose to leave the European Union, known as “Brexit.” The surprise vote led the pound to drop by about 10 percent against the US dollar in one single day.
How does the Gibraltar pound trade against the US dollar historically?
The Gibraltar pound and British pound have tracked each other since Gibraltar first issued its own currency in 1927. Both currencies therefore have the same value in US dollars.
Since 2008, the Gibraltar pound has remained fairly stable against the US dollar. During the financial crisis in 2008, you would need about 0.5 Gibraltar pound to buy 1 US dollar. The rate for the Gibraltar pound later declined, and in the beginning of 2009 you would need almost 0.75 pounds to get 1 dollar.
Between 2009 and 2015, the exchange rate between Gibraltar pounds and US dollars remained steady at about 0.65 pounds per dollar. After 2015, the pound again started to lose some value compared to the dollar. By the end of 2016, after the “Brexit” vote, you would need about 0.8 pounds for each dollar.
Since 2016, the pound has regained some ground compared to the US dollar, reaching about 0.75 pound per dollar at the end of 2017.
US Dollar to the Gibraltar Pound for the last 10 days
|Oct 13||Oct 14||Oct 15||Oct 16||Oct 17||Oct 18||Oct 19||Oct 20||Oct 21||Oct 22|
|1 USD =||0.7926 Inverse: 1.2617||0.7931 Inverse: 1.2609||0.7837 Inverse: 1.2760||0.7801 Inverse: 1.2819||0.7773 Inverse: 1.2865||0.7704 Inverse: 1.2981||0.7704 Inverse: 1.2981||0.7750 Inverse: 1.2903||0.7709 Inverse: 1.2972||0.7762 Inverse: 1.2884|
US Dollar to the Gibraltar Pound for the last 10 months
|Dec 2018||Jan 2019||Feb 2019||Mar 2019||Apr 2019||May 2019||Jun 2019||Jul 2019||Aug 2019||Sep 2019|
|1 USD =||0.7917 Inverse: 1.2631||0.7718 Inverse: 1.2956||0.7661 Inverse: 1.3053||0.7569 Inverse: 1.3212||0.7755 Inverse: 1.2894||0.7860 Inverse: 1.2723||0.7877 Inverse: 1.2695||0.8076 Inverse: 1.2383||0.8143 Inverse: 1.2281||0.8137 Inverse: 1.2290|
US Dollar to the Gibraltar Pound for the last 10 years
|Oct 2009||Oct 2010||Oct 2011||Oct 2012||Oct 2013||Oct 2014||Oct 2015||Oct 2016||Oct 2017||Oct 2018|
|1 USD =||0.6035 Inverse: 1.6569||0.6368 Inverse: 1.5704||0.6289 Inverse: 1.5901||0.6252 Inverse: 1.5994||0.6192 Inverse: 1.6151||0.6207 Inverse: 1.6111||0.6486 Inverse: 1.5418||0.8159 Inverse: 1.2256||0.7578 Inverse: 1.3196||0.7650 Inverse: 1.3072|
Market rate for common transfer amounts USD to GIP
|US Dollars (USD)||Gibraltar Pound (GIP)|
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