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    Gibraltar - Gibraltar pound - Currency Guide

     

    Foreign exchange guide to Gibraltar and the Gibraltar pound (GIP)

    What's in this Gibraltar currency guide?

    1. USD/GIP trend
    2. Forecasts
    3. Travel Gibraltar
    4. Spending GIP
    5. Send to Gibraltar
         

    USD/GIP Trend (90-day)

    USD to GIP at 0.7267 is near its 90-day average, range 0.7163-0.7448.
    |
    1-DAY-0.6%
    30-DAYLOW
     

    The below interactive chart displays the USD/GIP trend and UP DOWN HIGH LOW alerts

     
    USD to GIP Currency Trend Chart
       

    US dollar to Gibraltar pound - Historical Rates

    USD/GIP wasChangePeriod
    0.7339
    05 Oct 2021
    1.2% 2 Weeks
    0.7293
    21 Jul 2021
    0.6% 90 Days
    0.7723
    19 Oct 2020
    6.1% 1 Year
    0.8159
    20 Oct 2016
    11.1% 5 Years
    0.6289
    22 Oct 2011
    15.3% 10 Years
    0.6873
    24 Oct 2001
    5.5% 20 Years
    USD/GIP change over periods to 19-Oct-2021
     

    $10,000 USD
    =
    £7,267 GIP

    Converted at USD/GIP interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to GIP - Quick Amounts

    Sell USD   →   Buy GIP
    USD GIP
    $ 1 £ 0.7267
    $ 5 £ 3.6335
    $ 10 £ 7.2670
    $ 20 £ 14.53
    $ 50 £ 36.34
    $ 100 £ 72.67
    $ 250 £ 181.68
    $ 500 £ 363.35
    $ 1,000 £ 726.70
    $ 2,000 £ 1,453
    $ 5,000 £ 3,634
    $ 10,000 £ 7,267
    $ 20,000 £ 14,534
    $ 50,000 £ 36,335
    $ 100,000 £ 72,670
    USD GIP
    $ 1.3762 £ 1
    $ 6.8810 £ 5
    $ 13.76 £ 10
    $ 27.52 £ 20
    $ 68.81 £ 50
    $ 137.62 £ 100
    $ 344.05 £ 250
    $ 688.10 £ 500
    $ 1,376 £ 1,000
    $ 2,752 £ 2,000
    $ 6,881 £ 5,000
    $ 13,762 £ 10,000
    $ 27,524 £ 20,000
    $ 68,810 £ 50,000
    $ 137,620 £ 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Gibraltar?

    The domestic currency in Gibraltar is the Gibraltar pound.

    What is the Gibraltar pound currency code and symbol?

    The three letter currency code for the Gibraltar pound is GIP — symbol is £.

    Which countries use the Gibraltar pound?

    It is the domestic currency in    Gibraltar.

    Is the Gibraltar pound a closed currency?

    No, the Gibraltar pound is freely available and convertible. See guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for 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.

     

    Travel money for Gibraltar

    Save money and time by Ordering your Gibraltar pound online from Travelex, you get better rates and can pick up the GIP cash locally or even on travel day at the airport.

    Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

    For card purchases if offered a choice of currencies always select to Pay in Gibraltar pound otherwise you may get much worst exchange rates.

     

    Send Money to Gibraltar - Best Rates

    To get a good (and fair) exchange rate when sending money to Gibraltar you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Gibraltar

    When sending money to Gibraltar it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Gibraltar pound amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted GIP amount will be transfered to the recipient account you specify in Gibraltar.

    Use the above Send to Gibraltar pound calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Gibraltar pound deposited into the recipient bank account and less margins and fees kept by the banks!


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