The Aruban Florin: Currency, History & Exchange Guide

The Aruban florin (AWG), symbolized as Afl. or ƒ, is the official currency of Aruba, a constituent country of the Kingdom of the Netherlands in the southern Caribbean. Managed by the Central Bank of Aruba, the florin is subdivided into 100 cents and maintains a fixed peg to the US dollar, making it one of the most stable currencies in the region.

Historical Background

Introduced in 1986 following Aruba's status aparte (separation from the Netherlands Antilles), the florin replaced the Aruban guilder at par. The guilder had been pegged to the Netherlands Antillean guilder. The new currency symbolized Aruba's autonomy while maintaining monetary stability through the USD peg established in 1994.

Coins & Banknotes

Coins

Banknotes

All notes feature Aruban flora, fauna, and cultural motifs (e.g., the burrowing owl, divi-divi tree, traditional dances).

Exchange Rate & Economics

• Fixed Peg: 1 USD = 1.79 AWG (since 1994).
• Implication: Zero exchange-rate risk for USD transactions; US dollars circulate freely and are accepted everywhere.
• Inflation: Low—~1.7% in 2022—reflecting prudent monetary policy and the peg's discipline.
• Purchasing Power: Relatively high vs. other Caribbean currencies; goods/services in Aruba are generally pricier than regional peers.

Practical Tips for Visitors

• Bring USD: No need to exchange beforehand; USD is universally accepted at the fixed rate (change given in florins).
• ATMs: Dispense florins; major cards accepted. Notify your bank of travel.
• Credit Cards: Widely accepted at hotels, restaurants, larger shops. Small vendors may prefer cash.
• Tipping: 15–20% in restaurants; many add a 10–15% service charge—check the bill.

Why the Peg Matters

The USD peg anchors inflation expectations, facilitates tourism (Aruba's economic engine), and simplifies trade with the US (largest partner). The Central Bank maintains ample foreign reserves to defend the peg, a credibility reinforced by Aruba's strong fiscal framework within the Kingdom.

For current rates and banknote details, visit the Central Bank of Aruba website.