HUF to AWG

HUF - Hungarian Forint (Ft)
AWG - Aruban Florin (Afl.)
1 HUF1 AWG

Currency conversion rates from HUF to AWG

HUFAWG
1 HUF1 AWG
5 HUF5 AWG
10 HUF10 AWG
20 HUF20 AWG
50 HUF50 AWG
100 HUF100 AWG
250 HUF250 AWG
500 HUF500 AWG
1000 HUF1000 AWG
2000 HUF2000 AWG
5000 HUF5000 AWG
10000 HUF10000 AWG
AWGHUF
1 AWG1 HUF
5 AWG5 HUF
10 AWG10 HUF
20 AWG20 HUF
50 AWG50 HUF
100 AWG100 HUF
250 AWG250 HUF
500 AWG500 HUF
1000 AWG1000 HUF
2000 AWG2000 HUF
5000 AWG5000 HUF
10000 AWG10000 HUF

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)


HUF - Hungarian Forint (Ft)

The Hungarian forint is the official currency of Hungary, and has been in circulation since 1946. The code for the forint is HUF and the symbol is Ft. Its conversion factor has 6 significant digits, and it is a fiat currency.

The Forint is the official currency of Hungary, and is issued by the Hungarian National Bank. The modern Forint was introduced in 1946, after the second world war. The Forint was subdivided into 100 fillér, but fillér coins are no longer in circulation. The long-term goal of the Hungarian government is to replace the Forint with the Euro, although this transition has been delayed due to current economic issues.

The Hungarian Forint is the currency in Hungary (HU, HUN). The symbol for HUF can be written Ft. The exchange rate for the Hungarian Forint was last updated on January 18, 2019 from The International Monetary Fund. The HUF conversion factor has 6 significant digits.

Economy

  • Hungary has made a successful shift to a market economy after the first multi-party elections were held in 1990. Before the fall of the Communist regime in 1989, its economy was centrally planned.
  • Since 1990, foreign ownership and foreign investment have become commonplace, and Hungary receives about a third of the foreign investment flowing into the Central European area.
  • Production in Hungary has shifted from lower-value textiles and food products to higher-value sectors such as luxury vehicle production, renewable energy, tourism, and information technology. Over 60% of Hungary’s exports are related to machinery and equipment.
  • In recent years, Hungary has required financial assistance from world bodies such as the IMF and World Bank to service its large public debt. As one consequence, Hungary has delayed adopting the euro until 2020.

History

  • The name Forint has its origin in coins minted in Florence in 1252, called Fiorino d’oro.
  • Forint banknotes and fillér coins were introduced and circulated in August 1946, as a crucial step in the stabilization of the country after World War II.
  • Inflation (especially during the late 1980s) made fillér coins irrelevant, and they were removed from circulation in 1996. Coins continue to be minted in Forint denominations.
  • The Forint became fully convertible in 2001 after the high inflation of the 1990s when Hungary transitioned to a market economy.

More information about HUF - Hungarian Forint (Ft)