AWGAruban FlorinAruban Florin (AWG)
The Aruban florin is the official currency of Aruba and the unit used for local prices, salaries and domestic accounts. The Central Bank of Aruba is responsible for the monetary framework and currency issue. AWG is the ISO code that identifies the florin in international conversion systems; the ƒ symbol is mainly a local display convention. One florin is divided into 100 cents. Aruba's tourism economy means visitors may see prices in florins and occasional US-dollar offers, but foreign-currency acceptance does not replace AWG as the official unit.
- ISO code
- AWG
- Symbol
- ƒ
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- Fixed relationship with the US dollar
- Last reviewed
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Quick facts
AWG at a glance
Currency profile
How AWG works
The Aruban florin is the official currency of Aruba and the unit used for local prices, salaries and domestic accounts. The Central Bank of Aruba is responsible for the monetary framework and currency issue. AWG is the ISO code that identifies the florin in international conversion systems; the ƒ symbol is mainly a local display convention. One florin is divided into 100 cents. Aruba's tourism economy means visitors may see prices in florins and occasional US-dollar offers, but foreign-currency acceptance does not replace AWG as the official unit.
Central Bank of Aruba administers AWG within a fixed relationship with the us dollar system.
- Introduced as Aruba's national currency in 1986 when Aruba obtained its separate status within the Kingdom of the Netherlands.
- The reviewed cash profile records AWG 10, AWG 25, AWG 50, AWG 100, AWG 200 for banknotes and AWG 5, 10, 25 and 50 cents, AWG 1, AWG 2.50, AWG 5 for coins.
Context
Why this currency matters
The Central Bank of Aruba maintains the florin's fixed relationship with the US dollar at 1.79 AWG to US$1.00. That arrangement gives the currency a stable dollar reference while other cross-rates still change with the dollar's value against the euro, pound or yen. Current cash includes florin banknotes and cent coins used for local transactions. AWG should be shown with the Aruba country qualifier because the word florin is also used in other currency contexts. The Central Bank of Aruba's dollar relationship is the key reason AWG is often compared with USD in regional travel and accounting.
Monetary framework
Exchange arrangement
Aruban Florin operates under the reviewed fixed relationship with the us dollar arrangement, with US dollar.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for AWG
Aruban florin introduced
Aruba introduced AWG after obtaining separate status within the Kingdom of the Netherlands.
Central Bank of ArubaCentral Bank of Aruba began operations
The new central bank assumed responsibility for the florin and monetary policy.
Central Bank of ArubaNew banknote series
Aruba introduced a redesigned florin banknote family with updated security features.
Central Bank of Aruba
Usage and economy
How AWG is used
- AWG is used for local prices, wages, taxes and accounts throughout Aruba.
- Tourism makes florin-dollar conversion common even though AWG remains the official domestic currency.
Country currency guides
Banknotes and coins
AWG currency units
The issuing authority documents the reviewed AWG banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for AWG.
One Aruban Florin unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
AWG questions
Is the Aruban florin fixed to the dollar?
The Aruban florin is maintained at 1.79 AWG for one US dollar.
Are US dollars accepted in Aruba?
US dollars may be accepted by some businesses, especially in tourism, but the Aruban florin remains the official currency and merchant terms vary.
What changed for AWG in 1986?
Aruba introduced AWG after obtaining separate status within the Kingdom of the Netherlands.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.