AWG to PHP
AWG - Aruban Florin (Afl.)
PHP - Philippine Piso (₱)Currency conversion rates from AWG to PHP
| AWG | PHP |
| 1 AWG | 1 PHP |
| 5 AWG | 5 PHP |
| 10 AWG | 10 PHP |
| 20 AWG | 20 PHP |
| 50 AWG | 50 PHP |
| 100 AWG | 100 PHP |
| 250 AWG | 250 PHP |
| 500 AWG | 500 PHP |
| 1000 AWG | 1000 PHP |
| 2000 AWG | 2000 PHP |
| 5000 AWG | 5000 PHP |
| 10000 AWG | 10000 PHP |
| PHP | AWG |
| 1 PHP | 1 AWG |
| 5 PHP | 5 AWG |
| 10 PHP | 10 AWG |
| 20 PHP | 20 AWG |
| 50 PHP | 50 AWG |
| 100 PHP | 100 AWG |
| 250 PHP | 250 AWG |
| 500 PHP | 500 AWG |
| 1000 PHP | 1000 AWG |
| 2000 PHP | 2000 AWG |
| 5000 PHP | 5000 AWG |
| 10000 PHP | 10000 AWG |
AWG - Aruban Florin (AWG)
Aruban Florin
The Aruban Florin is pegged to the US Dollar at 1.79 Florin = 1 USD. The Central Bank of Aruba issues the currerncy. Aruba is a 33-km long island in the southern Caribbean Sea, 27 km north of the coast of Venezuela and approximately 130 km east of the peninsula of Guajira in Colombia. Together with Bonaire and Curacao, it is part of a group known as the ABC islands of the Leeward Antilles, the southern island chain of the Lesser Antilles.
The Aruban Florin is the currency in Aruba (AW, ABW). The Aruban Florin is also known as the Aruba Guilder, and the Aruban Gulden. The symbol for AWG can be written Afl. The Aruban Florin is divided into 100 cents. The exchange rate for the Aruban Florin was last updated on May 24, 2019 from Yahoo Finance. The AWG conversion factor has 3 significant digits.
Economy
- Aruba enjoys one of the highest living standards in the Caribbean region and has a low unemployment rate.
- Tourism and related activities account for about 75% of Aruba’s GNP. Most tourists are from Venezuela or the United States.
- Before the “Status Aparte”, when Aruba became a separate, completely autonomous country/state in the kingdom of the Netherlands, oil processing was the dominant industry in spite of the expanding tourism sector.
- Today the influence of the oil processing business is minimal. The agricultural and manufacturing sectors are also minimal.
History
- In 1986, the Aruban Florin replaced the Netherlands Antillean Guilder, inheriting its peg to the United States Dollar. Coins were introduced in denominations of 5, 10, 25 and 50 cents, as well as 1 and 2½ guilders. Later, the 5-florin note was replaced by a square coin and the 2½ guilder coin was discontinued.
- In 2005 the 5-florin note was replaced by a gold coin. All coins are struck in nickel-steel except the 5-guilder, which is a combination of copper and other metals. The 50-cent coin is the only square coin and is also known as the Yotin.
More information about AWG - Aruban Florin (AWG)
PHP - Philippine Piso (₱)
The Philippine peso is the official currency of Philippines. It is commonly depicted by the symbol ₱. Written abbreviations include: PhP, Php, P$, or P. The official currency code for the peso is PHP.
The Peso is the foreign currency of the Philippines. It's subdivided into one hundred centavos. Prior to 1967, English was used on all notes and coins, hence the term “peso” was used as the name of the currency in the Philippines. When Filipino was introduced as a written language, the term used on notes and coins became “piso”.
The Philippine Peso is the currency in Philippines (PH, PHL). The symbol for PHP can be written P. The Philippine Peso is divided into 100 centavos. The exchange rate for the Philippine Peso was last updated on Today from The International Monetary Fund. The PHP conversion factor has 6 significant digits.
Economy
- The Philippines is estimated to be the 45th largest economy in the world, with a GDP of USD$216 billion (2011). Major exports includes semiconductors and other electrical components, transport equipment, clothing, copper and petroleum products and fruits.
- In recent times, the Philippines has been transitioning from a agricultural-based economy to one that increasingly relies on services and manufacturing. Agriculture now only accounts for roughly 30% of the workforce and about 14% of GDP.
- The economy of the Philippines was the second largest in East Asia after World War II. However the economy stagnated until the 1990s, based on economic policies and political volatility, and other Asian countries surpassed the Philippines in terms of GDP growth.
- In the 1990s, a new program of economic liberalization was introduced, leading to economic recovery until the 1997 Asian Financial Crisis.
History
- Prior to the introduction of a formal currency, trade in the Philippines was performed using a barter system, and later on “piloncitos” (small pieces of gold) and gold barter rings.
- The Spanish introduced coins to the Philippines when they colonized the country in 1521. However, the coins used by Filipino people were minted in various Spanish countries around the world, leading to major inconsistencies in purity and weight.
- In 1861, the first mint was established in order to standardized coinage.
- After the Philippines gained independence in 1898, the country’s first local currency was introduced, replacing the Spanish-Filipino Peso.
- The United States captured the Philippines in 1901, and established a new unit of currency that was pegged to exactly half of a US Dollar in 1903.
- During World War II, the Philippines was occupied by Japan, and new notes were introduced yet again.
- The Central Bank of the Philippines was established in 1949, leading to the reintroduction of a formal Filipino currency.