RWF to AWG

RWF - Rwandan Franc (RF)
AWG - Aruban Florin (Afl.)
1 RWF1 AWG

Currency conversion rates from RWF to AWG

RWFAWG
1 RWF1 AWG
5 RWF5 AWG
10 RWF10 AWG
20 RWF20 AWG
50 RWF50 AWG
100 RWF100 AWG
250 RWF250 AWG
500 RWF500 AWG
1000 RWF1000 AWG
2000 RWF2000 AWG
5000 RWF5000 AWG
10000 RWF10000 AWG
AWGRWF
1 AWG1 RWF
5 AWG5 RWF
10 AWG10 RWF
20 AWG20 RWF
50 AWG50 RWF
100 AWG100 RWF
250 AWG250 RWF
500 AWG500 RWF
1000 AWG1000 RWF
2000 AWG2000 RWF
5000 AWG5000 RWF
10000 AWG10000 RWF

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)


RWF - Rwandan Franc (RWF)

Rwandan Franc

The Rwandan Franc (RWF), is the authorized tender utilized in Rwanda. The Rwandan Franc is subdivided into a hundred centimes. Banknotes and coins are both used as legal tender for the country.

The Rwandan Franc is the currency in Rwanda (RW, RWA). The symbol for RWF can be written RF. The Rwandan Franc is divided into 100 centimes. The exchange rate for the Rwandan Franc was last updated on May 24, 2019 from Yahoo Finance. The RWF conversion factor has 5 significant digits.

Economy

  • Rwanda is a very agricultural-based country with about seventy percent of the inhabitants engaged in farming. Major exports are tea and coffee.
  • Despite being land-locked with a high population and minimal resources and industry, Rwanda has been able to make significant progress in rehabilitating and stabilizing its economy.
  • The Rwandan economic system relies heavily on farm production of small, semi-subsistence, and fragmented farms.
  • By 1994, farm size was was typically less than 1 hectare, whilst inhabitant’s density was greater than 450 individuals per square kilometer.

History

  • The Franc became the foreign money of Rwanda in 1916, when Belgium captured the German territory and switched the German East African Rupee for the Belgian Congo Franc.
  • Rwanda utilized the Belgian Congo Franc until 1960, when the Burundi and Rwanda Franc was introduced.
  • Rwanda commenced issuing the Rwandan Franc in 1964.
  • In 1964, banknotes of the Rwanda and Burundi Bank of Emission were overstamped for Rwanda usage only.
  • In 1969, aluminum 1 franc coins were launched. In 1970, 2 and ½ francs were also added in aluminum.
  • Brass 50 and 20 francs were launched in 1977.
  • There is a plan to launch a standard currency, a modern East African Shilling, for 5 East African countries at the start of 2012.

More information about RWF - Rwandan Franc (RWF)