XCD to HTG

XCD - East Caribbean Dollar ($)
HTG - Haitian Gourde (G)
1 XCD1 HTG

Currency conversion rates from XCD to HTG

XCDHTG
1 XCD1 HTG
5 XCD5 HTG
10 XCD10 HTG
20 XCD20 HTG
50 XCD50 HTG
100 XCD100 HTG
250 XCD250 HTG
500 XCD500 HTG
1000 XCD1000 HTG
2000 XCD2000 HTG
5000 XCD5000 HTG
10000 XCD10000 HTG
HTGXCD
1 HTG1 XCD
5 HTG5 XCD
10 HTG10 XCD
20 HTG20 XCD
50 HTG50 XCD
100 HTG100 XCD
250 HTG250 XCD
500 HTG500 XCD
1000 HTG1000 XCD
2000 HTG2000 XCD
5000 HTG5000 XCD
10000 HTG10000 XCD

HTG - Haitian Gourde (HTG)

Haitian Gourde

The Haitian Gourde is the official currency of Haiti, a French-speaking Caribbean country. It occupies the western, smaller portion of the island of Hispaniola, in the Greater Antillean archipelago, which it shares with the Dominican Republic. The governments of Haiti issued paper money in denominations of 1, 2, 5, 10, 20, 25, 50, 100 and 500 Haitian Gourde.

The Haitian Gourde is the currency in Haiti (HT, HTI). The symbol for HTG can be written G. The Haitian Gourde is divided into 100 centimes. The exchange rate for the Haitian Gourde was last updated on May 24, 2019 from Yahoo Finance. The HTG conversion factor has 4 significant digits.

Economy

  • Two-thirds of Haitians depend on the agricultural sector. Many engage in small-scale subsistence farming, and are vulnerable to losing their crops due to frequent natural disasters, exacerbated by the country's widespread deforestation.
  • Haiti is recovering from a massive earthquake in January 2010. Its purchasing power parity GDP fell 8% in 2010 (from $ 12.15 billion to $ 11.18 billion).
  • Comparisons of social and economic indicators show Haiti falling behind other low-income developing countries (particularly in the Western hemisphere). A 2011 estimate shows Haiti is in last place in the Americas, and 158th place out of 182 countries, in the United Nations Human Development Index (HDI), which ranks countries based on three human development categories (life expectancy at birth, years of schooling, income per capita).
  • The Haitian government relies on formal international economic assistance for fiscal sustainability. Over half of its annual budget comes from outside sources.
  • In 2005, Haiti's total external debt reached an estimated U.S. $ 1.3 billion, which corresponds to a U.S. debt per capita $169.
  • In September 2009, Haiti met the conditions set by the IMF and World Bank's Heavily Indebted Poor Countries (HIPC) Initiative, a program for poor countries to qualify for cancellation of foreign debt, and was forgiven $1 billion in debt.

History

  • The Haitian Gourde was first introduced in 1813 and replaced the Pound at a rate of 1 Gourde = 8 Pounds, 5 sous. The first issues of coins were silver pieces of 6 cents, 12 and 25.
  • In 1827, 50 and 100 cent coins were introduced, followed by 1 and 2 cent coins in 1828, 6 ¼ cent coins in 1846, and 6 cent coins in 1850.
  • In 1863, bronze coins, produced by the Heaton Mint in Birmingham, were issued, in denominations of 5, 10 and 20 cents.
  • In 1870 the Gourde was revalued at a rate of ten to one. Only banknotes were issued for this second Gourde, with the government issuing notes of 10 and 25 Haitian Gourde.
  • In 1872, the Haitian Gourde was revalued again, this time at a rate of 300 to 1. In the early years of the third Gourde, tickets were only issued and the name Piastre was sometimes used instead of Gourde, especially in an issue of notes dated 1875.
  • In 1881, the gourde was fixed to the French Franc at 5 Francs = 1 Gourde, and coins were produced again.
  • In 1979, the Bank of the Republic of Haiti replaced the National Bank as the paper money issuing body. 1,000 gourde notes were introduced in 2004.

More information about HTG - Haitian Gourde (HTG)


XCD - East Caribbean Dollar ($)

East Caribbean Dollar

The East Caribbean dollar is the currency used in eight of the nine nations in the Organisation of Eastern Caribbean States — Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Anguilla (UK Territory), and Montserrat (UK Territory). The British Virgin Islands is the only member of the OECS that uses its own currency. The East Caribbean Dollar is designated by EC$ and has been pegged to the US Dollar at US$1 = EC$2.70 since 1976.

The East Caribbean Dollar is the currency in Antigua and Barbuda (AG, ATG), Dominica (DM, DMA), Grenada (GD, GRD), Saint Kitts and Nevis (KN, KNA), Saint Lucia (LC, LCA), and Saint Vincent and the Grenadines (VC, VCT). The symbol for XCD can be written EC$. The East Caribbean Dollar is divided into 100 cents. The exchange rate for the East Caribbean Dollar was last updated on May 24, 2019 from Yahoo Finance. The XCD conversion factor has 2 significant digits.

Economy

  • The economies of the OECS member states vary significantly, but most of them rely upon tourism and agriculture to varying extents. Offshore banking also represents a large proportion of the GDP for several of the OECS nations.
  • Many of the islands are home to multinational corporations, typically in financial services, who have large offices in a few of the OECS nations to take advantage of low or no taxation.
  • As the member states are small island nations, they are heavily reliant upon imports. Exportation is relatively limited, though some of the nations do export agricultural products such as bananas, and cocoa.

History

  • Prior to 1965, OECS members were part of the West Indies Federation, using BWI$ as their currency. However many members of the WIF either did not adopt the BWI$. Trinidad and Tobago withdrew from the union in 1964, leading to a lack of support for the BWI$.
  • In 1965, the British West Indies Dollar was replaced at par by the East Caribbean Dollar.
  • In 1966, British Guiana withdrew from the currency union, and in 1972, Barbados also withdrew from the currency union.
  • Between 1965 and 1983, the Eastern Caribbean Currency Authority issued the EC$, with notes and coins from 1965 from 1981.
  • The Eastern Caribbean Central Bank, based in Basseterre, Saint Kitts and Nevis was created by the Eastern Caribbean Central Bank Agreement signed in Port of Spain on July 5, 1983.

More information about XCD - East Caribbean Dollar ($)