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US dollar to Gibraltar pound exchange rate
Find the best USD/GIP exchange rate for 21 Apr 2021.
Refreshing in: 60s | Wed, Apr 21, 04:09AM GMT
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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
|Apr 11||Apr 12||Apr 13||Apr 14||Apr 15||Apr 16||Apr 17||Apr 18||Apr 19||Apr 20|
|1 USD =||0.7295 Inverse: 1.3707||0.7270 Inverse: 1.3755||0.7268 Inverse: 1.3759||0.7258 Inverse: 1.3778||0.7255 Inverse: 1.3784||0.7230 Inverse: 1.3832||0.7229 Inverse: 1.3833||0.7237 Inverse: 1.3818||0.7147 Inverse: 1.3992||0.7175 Inverse: 1.3938|
US Dollar to the Gibraltar Pound for the last 10 months
|Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020||Nov 2020||Dec 2020||Jan 2021||Feb 2021||Mar 2021|
|1 USD =||0.8098 Inverse: 1.2349||0.7898 Inverse: 1.2661||0.7565 Inverse: 1.3219||0.7733 Inverse: 1.2932||0.7617 Inverse: 1.3129||0.7527 Inverse: 1.3286||0.7463 Inverse: 1.3399||0.7309 Inverse: 1.3682||0.7108 Inverse: 1.4068||0.7275 Inverse: 1.3746|
US Dollar to the Gibraltar Pound for the last 10 years
|Apr 2011||Apr 2012||Apr 2013||Apr 2014||Apr 2015||Apr 2016||Apr 2017||Apr 2018||Apr 2019||Apr 2020|
|1 USD =||0.6043 Inverse: 1.6548||0.6204 Inverse: 1.6117||0.6565 Inverse: 1.5233||0.5955 Inverse: 1.6793||0.6699 Inverse: 1.4927||0.6976 Inverse: 1.4335||0.7812 Inverse: 1.2801||0.7140 Inverse: 1.4005||0.7695 Inverse: 1.2996||0.8010 Inverse: 1.2485|
Send money from USD to GIP
Market rate for common transfer amounts USD to GIP
|US Dollars (USD)||Gibraltar Pound (GIP)|
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