HTG

A A A

DEFINITION

The currency abbreviation or currency symbol for the Haitian Gourde (HTG), the currency for Haiti. The Haitian Gourde is made up of 100 centimes and is often presented with the symbol (G). Despite changes in currency valuation, five gourdes is still sometimes referred to as a "Haitian dollar", and prices are often quoted in this informal denomination.

INVESTOPEDIA EXPLAINS

The Gourde was first seen in 1813 and has evolved in three phases. The Gourde was revalued in 1870 and again in 1872. The Gourde was pegged to the Franc in 1881 and the dollar in 1912. This link was discontinued in 1989 and the Gourde is now a floating currency. Gourdes are now issued in denominations of 10, 25, 50, 100, 250, 500 and 1000.


RELATED TERMS
  1. Currency

    A generally accepted form of money, including coins and paper notes, which is ...
  2. Hard Currency

    A currency, usually from a highly industrialized country, that is widely accepted ...
  3. Forex - FX

    The market in which currencies are traded. The forex market is the largest, ...
  4. Money

    An officially-issued legal tender generally consisting of currency and coin. ...
  5. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, Mexico ...
  6. WM/Reuters Benchmark Rates

    Spot and forward foreign exchange rates that are used as standard rates for ...
  7. Bitcoin Mining

    Bitcoin mining is the process by which transactions are verified and added to ...
  8. Sterilization

    A form of monetary action in which a central bank seeks to limit the effect ...
  9. Earnings Before Interest & Tax ...

    An indicator of a company's profitability, calculated as revenue minus expenses, ...
  10. Money Market Hedge

    A practice that businesses engaging in foreign trade use to eliminate foreign ...
Related Articles
  1. What Causes A Currency Crisis?
    Forex Fundamentals

    What Causes A Currency Crisis?

  2. The Greatest Currency Trades Ever Made
    Forex Education

    The Greatest Currency Trades Ever Made

  3. The New World Of Emerging Market Currencies
    Forex Education

    The New World Of Emerging Market Currencies

  4. The Best Places To Exchange Currency
    Savings

    The Best Places To Exchange Currency

  5. How to Pick a Charity
    Personal Finance

    How to Pick a Charity

  6. How do you buy Bitcoins?
    Investing Basics

    How do you buy Bitcoins?

  7. Seven Emerging Currencies Challenging ...
    Forex Fundamentals

    Seven Emerging Currencies Challenging ...

  8. Will OIS Replace LIBOR?
    Forex Education

    Will OIS Replace LIBOR?

  9. Major Moves Underway in Currency ETFs ...
    Chart Advisor

    Major Moves Underway in Currency ETFs ...

  10. Covered Interest Arbitrage
    Forex Strategies

    Covered Interest Arbitrage

comments powered by Disqus
Hot Definitions
  1. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  2. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  3. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  4. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  5. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
  6. Balanced Investment Strategy

    A portfolio allocation and management method aimed at balancing risk and return. Such portfolios are generally divided equally between equities and fixed-income securities.
Trading Center