GYD to AWG

GYD - Guyanaese Dollar ($)
AWG - Aruban Florin (Afl.)
1 GYD1 AWG

Currency conversion rates from GYD to AWG

GYDAWG
1 GYD1 AWG
5 GYD5 AWG
10 GYD10 AWG
20 GYD20 AWG
50 GYD50 AWG
100 GYD100 AWG
250 GYD250 AWG
500 GYD500 AWG
1000 GYD1000 AWG
2000 GYD2000 AWG
5000 GYD5000 AWG
10000 GYD10000 AWG
AWGGYD
1 AWG1 GYD
5 AWG5 GYD
10 AWG10 GYD
20 AWG20 GYD
50 AWG50 GYD
100 AWG100 GYD
250 AWG250 GYD
500 AWG500 GYD
1000 AWG1000 GYD
2000 AWG2000 GYD
5000 AWG5000 GYD
10000 AWG10000 GYD

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)


GYD - Guyanaese Dollar (GYD)

Guyanaese Dollar

The Guyanese Dollar is the official currency of Guyana, a sovereign state on the northern coast of South America. It is culturally identified with the English-speaking islands of the Caribbean because it was one of the territories, known as British Guiana, of the British West Indies.

The Guyanese Dollar is the currency in Guyana (GY, GUY). The symbol for GYD can be written G$. The Guyanese Dollar is divided into 100 cents. The exchange rate for the Guyanese Dollar was last updated on May 24, 2019 from Yahoo Finance. The GYD conversion factor has 5 significant digits.

Economy

  • The main economic activities in Guyana are agriculture (rice and Demerara sugar), bauxite mining, gold mining, timber, and shrimp fishing.
  • Chronic problems include a shortage of skilled workers and poor infrastructure.
  • The government has juggled a considerable debt and the urgent need to expand public investment, and its fiscal position traditionally erodes when agricultural and mineral commodity prices are low. The country overhauled its tax code in early 2007 with a Value Added Tax (VAT) that is expected to add significant funds for public spending.
  • The Guyanese economy has shown moderate economic growth since 1999, thanks to the expansion in the agricultural and mining sectors, a more favorable environment for entrepreneurship, a more realistic exchange rate, low inflation, and the continued support of international organizations.
  • Economic growth has slowed as a result of the world recession, but GDP real growth rate continues to be over 3%, according to the CIA World Fact Book.

History

  • In the 1800s, like other British West Indies territories, British Guiana used regular British coins, along with 2 and 4 pennies.
  • The Guyanan Dollar shares the history of currency with other territories in the British West Indies, with a few exceptions: British Guiana continued to use the four-pence coin mill when other territories abandoned it, and used Dollar accounts in public and private sectors exclusively from 1839 (whereas other territories used a mix of accounts in Dollars and the British Pound until 1951).
  • Between 1891 and 1916, four-cent coins were issued specifically for "British Guiana and the West Indies," and between 1917 and 1945 for "British Guiana".
  • In 1916, paper money was first issued by the Government of British Guiana, in denominations of 1, 2, 5, 20 and 100 dollars.
  • Guyana gained independence from United Kingdom on May 26, 1966, and became a republic on February 23, 1970.
  • Banknotes were introduced in 1966 in denominations of 1, 5, 10 and 20 Guyanese Dollars. A second series was issued between 1989 and 1992 in denominations of $20, 100 and 500. The 1996-1999 series added a $1,000 bill. New $100 and $1,000 bills were issued in 2005 with added safety features.

More information about GYD - Guyanaese Dollar (GYD)