AWG (Aruban Florin) Definition.

AWG stands for Aruban Florin, and is the official currency of Aruba. One AWG is worth approximately 0.56 USD. How much is $100 US in Aruba? As of August 2020, $100 USD is worth approximately 137.65 Aruban Florins. Is the Aruban florin pegged to USD? The Aruban florin is pegged to the US dollar at … Read more

What Is a Currency Overlay?

A currency overlay is a type of foreign exchange hedging strategy in which an investor seeks to protect the value of their portfolio from currency fluctuations by using a combination of forward contracts, currency options and other financial instruments. The main benefit of using a currency overlay is that it can help to mitigate the … Read more

Eurocurrency Definition.

Eurocurrency is defined as any currency other than the domestic currency of the country in which it is being traded. For example, if a company based in the United States wants to borrow Japanese Yen, the company would be borrowing what is known as a Eurocurrency. The majority of Eurocurrency transactions take place in London, … Read more

Vanuatu Vatu (VUV) Definition.

The Vanuatu Vatu (VUV) is the official currency of the Republic of Vanuatu, an island nation located in the South Pacific Ocean. The Vatu is subdivided into 100 centi (singular: sensi). The Vatu is pegged to the Australian dollar at a rate of 1 Australian dollar = VUV 94.36. What is the capital of Vanuatu? … Read more

South African Rand (ZAR).

The South African Rand is the official currency of South Africa. The rand has been traded since 1961 and is also the currency used in the Common Monetary Area between South Africa, Swaziland, Lesotho and Namibia. The rand is subdivided into 100 cents. The rand was introduced in 1961, replacing the South African pound at … Read more

DOP (Dominican Peso) Definition.

The Dominican Peso is the official currency of the Dominican Republic. The symbol for the Dominican Peso is “RD$” and the code is “DOP”. The Dominican Peso is divided into 100 centavos and is issued by the Central Bank of the Dominican Republic. What is DoP in social media? DoP in social media stands for … Read more

Hungarian Forint (HUF) Definition.

The Hungarian forint is the official currency of Hungary. The forint was introduced in 1946, replacing the pengő at a rate of 1 forint = 4×1029 pengő. In August 1945, the National Bank of Hungary took over the issuance of banknotes from the Hungarian National Bank. The forint was subdivided into 100 fillér. The name … Read more