GIP to RWF

Convert Gibraltar Pound to Rwandan Franc

1 GIP = 1,615.0715 RWF

Rule of thumb

When you are abroad and you just want to get a quick estimate, use this rule of thumb:

Multiply the amount in Gibraltar Pound (GIP) by 1000 and add another 50% to get it in Rwandan Franc (RWF)

How to convert Gibraltar Pound to Rwandan Franc

Converting currencies can be done through various channels. Currency exchange services at banks or online platforms offer a straightforward solution—simply input the amount and desired currency. Online converters and ATMs also provide convenient options, while credit cards automatically handle conversions during international transactions.

How much does it cost to convert GIP to RWF

The cost of converting GIP to RWF depends on the method chosen. Exchange services may charge fees or offer slightly different rates. Online platforms and ATMs may have transaction fees, and credit cards might include foreign transaction fees. It’s essential to compare options and consider associated costs before deciding on a conversion method.

Gibraltar Pound to Rwandan Francs conversion rates

1 GIP1,615.07 RWF
5 GIP8,075.36 RWF
10 GIP16,150.72 RWF
20 GIP32,301.43 RWF
50 GIP80,753.58 RWF
100 GIP161,507.15 RWF
250 GIP403,767.89 RWF
500 GIP807,535.77 RWF
1000 GIP1,615,071.55 RWF
2000 GIP3,230,143.10 RWF
5000 GIP8,075,357.74 RWF
10000 GIP16,150,715.48 RWF
1 RWF0.00 GIP
5 RWF0.00 GIP
10 RWF0.01 GIP
20 RWF0.01 GIP
50 RWF0.03 GIP
100 RWF0.06 GIP
250 RWF0.15 GIP
500 RWF0.31 GIP
1000 RWF0.62 GIP
2000 RWF1.24 GIP
5000 RWF3.10 GIP
10000 RWF6.19 GIP

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How to transfer money? And how long does it take?

Peer-to-peer payment apps like Venmo or PayPal offer quick transactions. Wire transfers through banks are an option but can take a few days. Cryptocurrencies, such as Bitcoin or Ethereum, provide a decentralized alternative for transferring funds globally, offering speed and some degree of anonymity.

Look out for exchange scams

Look out forDescription
Unofficial Currency ExchangesStreet individuals and kioks may offer attractive rates and/or give counterfeit currency. Use established offices for safety.
Dynamic Currency ConversionSome ATMs offer less favorable exchange rates. Opt for local currency to avoid extra fees during transactions.
Overcharging at Exchange OfficesTourist-heavy areas may charge higher fees. Compare rates and be aware of additional fees before transactions.
Fake Banknote SwitchBe cautious during exchanges to prevent scammers from switching real currency with counterfeits. Count money carefully.
Inflated CommissionsExchange offices may have hidden fees. Inquire about the total cost, including commissions, before exchanging money.
Always know exactly how the coins and notes from the currency look like. Know or ask about exchange rate and fees beforehand and count your money carefully afterwards. Look at the chart, when was the last price update? Use your calculator to verify.

Currency Information

GIP, also known as the Gibraltar Pound, is the official currency of Gibraltar, a British Overseas Territory located on the southern coast of Spain. It is issued and regulated by the Government of Gibraltar. The GIP is only used as legal tender within Gibraltar and is not widely accepted outside of the territory.

RWF stands for Rwandan Franc, the currency used in Rwanda. It is the official legal tender in Rwanda and is not accepted as currency outside the country.

Cost of Living Comparison

When it comes to daily expenses, the cost of groceries and dining out plays a significant role. Here we look at the average weekly cost for basic groceries and dining out at a mid-range restaurant dinner for two people.

LocationWeekly GroceriesDining Out for Two
Gibraltar€#N/A€#N/A
Rwanda€#N/A€#N/A
All numbers in Euros for easy comparison.

Keep in mind that these figures are approximations, and actual costs can vary based on specific locations and individual choices.