GIP to ILS Exchange Rate - Convert Gibraltar Pound to Israeli Shekel

Converting from Gibraltar Pound (GIP) to Israeli Shekel (ILS)

What is Gibraltar Pound (GIP)

The Gibraltar Pound (GIP) is the official currency of Gibraltar, a small British Overseas Territory located on the southern tip of the Iberian Peninsula, bordering Spain. The GIP is subdivided into 100 pence and is often denoted by the symbol "£" or "GIP". It came into use in 1927, replacing the earlier currency known as the Gibraltar dollar.

The GIP is pegged to the British Pound Sterling (GBP) at par, which means that one Gibraltar Pound is always equal to one British Pound. This alignment allows for stable exchange rates between GIP and GBP, facilitating trade and travel for locals and visitors alike. While the GIP is used in everyday transactions within Gibraltar, British banknotes and coins are also accepted, making it easy for tourists to navigate the local economy.

What is Israeli Shekel (ILS)

The Israeli Shekel (ILS), referred to simply as "shekel", is the official currency of Israel and is denoted by the symbol "₪". Introduced in 1985, it replaced the old shekel that had been in circulation since 1980. The current version of the shekel is subdivided into 100 agorot.

The Israeli Shekel is a modern currency that functions in a dynamic economy, which is known for its technological innovations and diverse industries. The shekel has gained strength in recent years, thanks to Israel's robust economic growth and significant foreign investments.

Exchange rates for the shekel can fluctuate due to various factors, including economic indicators, political stability, and market demand. As of now, the shekel is considered a stable currency in the Middle Eastern region, making it an essential part of Israel's financial system.

Converting GIP to ILS

If you're looking to convert Gibraltar Pounds to Israeli Shekels, the process is straightforward but requires an understanding of the current exchange rate. The exchange rate fluctuates regularly due to market conditions, so it is advisable to check the latest rates from reliable financial institutions or currency converters.

To convert GIP to ILS, you would use the following formula:

ILS = GIP × Exchange Rate (GIP to ILS)

For example, if the current exchange rate is 4.5 (meaning 1 GIP equals 4.5 ILS), and you have 50 GIP, you would do the following calculation:

ILS = 50 × 4.5 = 225 ILS

Always remember to consider potential transaction fees when converting currencies, as banks and currency exchange services may charge for their services. Keeping informed on the latest market trends can also help you make the best decisions regarding currency conversion.

Gibraltar Pound to Israeli Shekel conversion table

GIP to ILS conversion table

Gibraltar Pound (GIP)Israeli Shekel (ILS)
1 GIP4.76130426386 ILS
2 GIP9.52260852772 ILS
3 GIP14.28391279157 ILS
4 GIP19.04521705543 ILS
5 GIP23.80652131929 ILS
6 GIP28.56782558315 ILS
7 GIP33.329129847 ILS
8 GIP38.09043411086 ILS
9 GIP42.85173837472 ILS
10 GIP47.61304263858 ILS
100 GIP476.13042638577 ILS
200 GIP952.26085277155 ILS
300 GIP1 428.39127915732 ILS
400 GIP1 904.52170554309 ILS
500 GIP2 380.65213192886 ILS
600 GIP2 856.78255831464 ILS
700 GIP3 332.91298470041 ILS
800 GIP3 809.04341108618 ILS
900 GIP4 285.17383747196 ILS
1 000 GIP4 761.30426385773 ILS
2 000 GIP9 522.60852771546 ILS
5 000 GIP23 806.52131928865 ILS
10 000 GIP47 613.0426385773 ILS
20 000 GIP95 226.08527715459 ILS
50 000 GIP238 065.21319288648 ILS
100 000 GIP476 130.42638577296 ILS
Last updated May 21, 2025 at 03:55 PM