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.
BREAKING DOWN '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.