AWG (Aruban Florin)

AAA

DEFINITION of 'AWG (Aruban Florin)'

The currency abbreviation for the Aruban florin (AWG), the currency for Aruba. The Aruban florin is made up of 100 cents and is often presented with the symbol ƒ, Afl, or Af. The Aruban florin is also called the Aruban guilder, derived from the currency's predecessor, the Netherlands Antillean guilder.

INVESTOPEDIA EXPLAINS 'AWG (Aruban Florin)'

The Aruban florin was first seen in January of 1986, when it replaced the Netherlands Antillean guilder at 1:1. Since its introduction, Aruba has kept the florin pegged to the U.S. dollar at 1.79 florin to 1 U.S. dollar.

RELATED TERMS
  1. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  2. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  3. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
  4. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  5. Currency

    A generally accepted form of money, including coins and paper ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
Related Articles
  1. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  2. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  3. Commodity Prices And Currency Movements
    Forex Education

    Commodity Prices And Currency Movements

  4. How are international exchange rates ...
    Forex

    How are international exchange rates ...

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an ...
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center