Convert Aruban Florin to Gibraltar Pound
Please provide values below to convert Aruban Florin [AWG] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Aruban Florin.
How to Convert Aruban Florin to Gibraltar Pound
1 AWG = 2.41793867351074 GIP
Example: convert 15 AWG to GIP:
15 AWG = 15 × 2.41793867351074 GIP = 36.2690801026611 GIP
Aruban Florin to Gibraltar Pound Conversion Table
| Aruban Florin | Gibraltar Pound |
|---|
Aruban Florin
The Aruban Florin (AWG) is the official currency of Aruba, used as a medium of exchange within the country.
History/Origin
The Aruban Florin was introduced in 1986, replacing the Netherlands Antillean Guilder at par, to establish a distinct national currency for Aruba.
Current Use
The AWG is widely used in Aruba for all daily transactions, banking, and trade, and is pegged to the US dollar at a fixed rate.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.