Convert Gibraltar Pound to Guatemalan Quetzal
Please provide values below to convert Gibraltar Pound [GIP] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to Gibraltar Pound.
How to Convert Gibraltar Pound to Guatemalan Quetzal
1 GIP = 0.0964597964741293 GTQ
Example: convert 15 GIP to GTQ:
15 GIP = 15 × 0.0964597964741293 GTQ = 1.44689694711194 GTQ
Gibraltar Pound to Guatemalan Quetzal Conversion Table
| Gibraltar Pound | Guatemalan Quetzal |
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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.
Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.