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About this currency pair
Gibraltar Pound (GIP) — the currency of Gibraltar
The Gibraltar pound is a local sterling-area currency used in Gibraltar, especially for local retail prices and public payments. The Gibraltar Pound is used in Gibraltar, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. Conversions are useful for travel, remittances, local pricing, accounting records and comparing costs with larger international currencies. The pound name reflects an older sterling-linked monetary tradition, although each pound currency has its own market value.
British Pound Sterling (GBP) — a major international currency
The pound sterling is one of the world’s oldest currencies still in use and remains closely associated with UK prices, wages, banking and financial markets. GBP is also important for travel, ecommerce, invoices, investment reporting and comparisons with EUR and USD, especially because London is a major international financial centre.