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    Currency in Gibraltar – Gibraltar pound GIP

    A practical foreign exchange and currency guide on sending money and travel to Gibraltar

    What's in this Gibraltar currency guide?

    1. Travelling to Gibraltar
    2. GIP Latest Rate
    3. GIP Charts

     

     

    Travelling to Gibraltar

    Gibraltar is a British Overseas Territory, in the form of a small rocky peninsula on the south coast of Spain. It is recognised historically as the southernmost point of Europe and is also strategically positioned at the western end of the Mediterranean, forming one of the ancient Pillars of Hercules. The famous rock, in the rock of Gibraltar, is predominantly Jurassic limestone, some 200 million years old. Apart from the rock, Gibraltar is famed for its VAT-free shopping. Branded sunglasses, perfumes, tobacco, spirits, crystal and porcelain are amongst some of the coveted deals to be had here.

    What language is spoken in Gibraltar?

    English is the official language here though Spanish is widely spoken. An unusual, unofficial dialect has evolved , called ‘Yanito’ which is a blend of English, Spanish, and Italian and is widely spoken amongst the locals. One feature of the language is the pronunciation of English words with a Spanish intonation.

    Gibraltar Government sterling is the official currency, though UK sterling is equally welcome and considered on par. Most places will also accept Euros and dollars. Credit cards are widely accepted and ATMs prevalent.

    Are passports needed for Gibraltar?

    Gibraltar is a member of the European Union, however it is not part of the Schengen Area or EU Customs Union. This means that there are immigration and customs controls when entering and leaving Gibraltar. Citizens of the European Union are required to have a national identity card or passport, while all others are required to have a passport to enter.

    Driving across the border can be a long waiting process, and there are often people trying to sell you many things (including visas you don’t need) as you wait. Taxis can be expensive once you get to Gibraltar, but the peninsula is only seven miles long, and parking your car at La Línea and walking across the border can save you lots of time. There is no train service to Gibraltar, but a connection by bus from Algeciras train station to La Linea or a taxi is possible. Buses from Spain stop just short of Gibraltar in La Línea, but its bus station is only a three minute walk to the border.

    Sending Money to Gibraltar

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Gibraltar pound.

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    Gibraltar pound – Markets & Rates

    1 GIP = 1.3211 USD
    Sell GIP  →  Buy USD
    GIP to USD at 1.3211 has fallen 2.6% below its 90-day average, range 1.3204-1.3843.
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    90-DAYLOW

    Historic GIP-USD Rates

    GIP/USD wasPeriod
    1.3736
    18 Oct 2021
    2 Weeks
    1.3917
    03 Aug 2021
    90 Days
    1.2926
    01 Nov 2020
    1 Year
    1.2304
    02 Nov 2016
    5 Years
    1.5992
    04 Nov 2011
    10 Years
    1.4566
    06 Nov 2001
    20 Years
    GIP/USD historic rates

     

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