AWG to SVC

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.

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SVC - Salvadoran Colón (₡)

Salvadoran Colón

The United States Dollar is one of the most widely utilized currencies around the globe, both as an official currency and for international trade outside US borders. The Dollar is divided into 100 units called pennies or cents.

The El Salvador Colon is the currency in El Salvador (SV, SLV). The El Salvador Colon is divided into 100 centavos. The exchange rate for the El Salvador Colon was last updated on Today from The International Monetary Fund. The SVC conversion factor has 6 significant digits.

Economy

• The United States of America has a mixed capitalist economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.
• According to the International Monetary Fund, the U.S. GDP of $15 trillion constitutes 23% of global GDP to exchange rates and market more than 20% of global GDP in purchasing power parity.
• Although larger than any other nation, its GDP is 5% smaller than the GDP of the European Union in purchasing power parity in 2008.
• The country ranks ninth in the world in nominal GDP per capita and sixth in GDP per capita in PPP. The United States Dollar is the main global reserve currency.

History

• The first Dollar coin issued by the United States Mint was similar in size and composition to the Spanish Dollar. The Spanish Dollar remained legal until 1857.
• The United States Dollar was defined by the Coinage Act of 1792.
• The lion Dollar was popular in the Dutch New Netherlands Colony (New York), but also circulated throughout the English colonies during the 17th century and 18th centuries. Examples of this Dollar circulating in the colonies were usually used so that the design was not fully distinguishable, so it is sometimes referred to as “dog dollars”.
• The early currency did not display faces of the presidents, as it does now. George Washington did not want his face to be on the currency.

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