Best USD to AWG exchange rate for today | finder.com

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

US dollar to Aruban or Dutch guilder exchange rate

Find the best USD/AWG exchange rate for 09 Mar 2021.

Live Rate

= Afl. 1.8000

Refreshing in: 60s | Tue, Mar 09, 10:40AM GMT

  • Cheap transfers
  • Bank-beating exchange rates
  • Safe and reliable

Historical Rate chart of USD and AWG

1
0
Updated: 09 Mar 2021 10:40:46 UTC

Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

How can I get the best exchange rate between US dollar and the Aruban florin?

To ensure you are getting the best exchange rate between the US dollar and the Aruban florin, you can compare different online money transfer services and banks to find the one that offers the rate closest to the mid-market rate.

Aruba has a low inflation rate and even experienced deflation in 2016. Due to these factors, there may be uncertainty regarding the real value of the florin and whether investing in it is a good idea or not. If investors really do become concerned about the state of the Aruban economy, it may put downward pressure on the florin and decrease its value.

If you are traveling to Aruba, it may be good to know that you can also get by with US dollars. Dollars are widely accepted in Aruba, and you can spend your US dollars in most shops, hotels, and restaurants. However, keep in mind that the exchange rate you will be offered at shops and restaurants will differ from the rate you will be offered in banks. In almost all cases, the banks will give you a better exchange rate.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Aruban Florin

The florin is the official currency of Aruba, located in the southern Caribbean Sea. Because 75% of Aruba’s GDP relies on tourism, acceptance of the US dollar is widespread.
Currency:Aruban Florin
Currency Symbol:Afl.
Sub unit:cent
Sub unit symbol:c
Bank notes:10, 25, 50, 100, 500
Coins:5c, 10c, 25c, 50c, 1c, 5 florin

What affects exchange rates between the US dollar and the Aruban florin?

The Aruban florin is currently pegged to the US dollar at a rate of 1.79 florin to 1 US dollar. As long as the current peg policy does not change, this exchange rate will remain the same. However, if economic conditions in Aruba changes significantly, the central bank may be forced to revalue the peg. Factors that could lead to this include a rise in public debt, a slowing economy, or interest rate changes.

The public debt of Aruba is around 85% of the GDP, which is much higher than the normal rate for a small economy like Aruba’s. Due to this, the economy is vulnerable to external shocks. Aruba also faces several obstacles to economic growth, including a narrow economic base, significant interest payments and fixed exchange rate regime. To ensure stability, the Aruban government needs to tackle policies that can balance decreasing debt and boost real growth.

Aruba is a small country with an economy that is heavily dependent on tourism, which accounts for 30% of the island’s total income. In addition to this, Aruba has an unemployment rate of less than 1%.

Interest rates in both Aruba and the United States also have an impact on the exchange rate between the two currencies. Higher interest rates in one of the countries tend to lead to a higher exchange rate for that same country. Hence, if interest rates in Aruba rise, investors will be drawn to it and the value of the Aruban florin will rise.


How does the Aruban florin trade against the US dollar historically?

Before Aruba gained independence from the Netherlands, the region’s official currency was the Antillean guilder, which was pegged to the US dollar at 1.79 guilders to a dollar. After its separation from the Netherland Antilles in 1986, Aruba introduced its own currency, the Aruban florin.

Since its introduction, the florin has been pegged to the US dollar at the same rate, 1.79 florins for 1 US dollar. However, travelers to Aruba will often find that the “street value” of the currency may be fluctuating more. Usually, shops and restaurants in Aruba will exchange US dollars at a rate between 1.75 and 1.80 florin for 1 US dollar.

US Dollar to the Aruban Florin for the last 10 days

Feb 27 Feb 28 Mar 01 Mar 02 Mar 03 Mar 04 Mar 05 Mar 06 Mar 07 Mar 08
1 USD = 1.8013 Inverse: 0.5552 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556

US Dollar to the Aruban Florin for the last 10 months

May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021
1 USD = 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8002 Inverse: 0.5555 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556 1.8000 Inverse: 0.5556

US Dollar to the Aruban Florin for the last 10 years

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 USD = 1.7903 Inverse: 0.5586 1.7901 Inverse: 0.5586 1.7902 Inverse: 0.5586 1.7900 Inverse: 0.5587 1.7925 Inverse: 0.5579 1.7933 Inverse: 0.5576 1.8000 Inverse: 0.5556 1.7875 Inverse: 0.5594 1.8010 Inverse: 0.5552 1.8000 Inverse: 0.5556

Send money from USD to AWG

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day USD 0.00 1.792 AWG 8,960 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Market rate for common transfer amounts USD to AWG

US Dollars (USD) Aruban Florin (AWG)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0


More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site