
The Haitian Gourde is the official currency of Haiti, and it's a fascinating piece of history. The Gourde was introduced in 1813, replacing the French colonial currency.
It's worth noting that the Gourde is divided into 100 centimes. This is a crucial fact to keep in mind when dealing with Haitian currency.
You might be wondering where the name "Gourde" comes from. According to historical records, the name is derived from the French word for "gourd", which was a type of container used to store currency in the past.
The Haitian Gourde is a popular tourist attraction, and many visitors to Haiti enjoy collecting Gourde coins as souvenirs.
History of the Haitian Gourde
The Haitian Gourde has a rich history that spans over two centuries. Introduced in 1813, it replaced the colonial livre at a rate of eight livres and five sous for every one gourde.
The Haitian Gourde was first pegged to the French livre at par, meaning one colonial livre equaled one French livre. This pegged system caused complications in currency conversions during the first and second issues of the gourde.
The gourde was pegged to the French franc in 1881 at a rate of five French francs to one gourde. This peg was later abandoned in 1912, when the gourde was pegged to the US dollar at a value of G 5 to US$1.
The Haitian Gourde has seen significant fluctuations in value over the years. In 2000, one USD was equivalent to around 10 HTG, while in 2021, it was equivalent to around 90 HTG.
The Haitian Gourde is divided into 100 smaller units called centimes. This division makes it easier for people to conduct daily transactions in Haiti.
Here's a brief overview of the Haitian Gourde's history:
- 1813: The Haitian Gourde was introduced, replacing the colonial livre.
- 1870: A major revaluation took place, resulting in the creation of the gourde that remains in use today.
- 1912: The gourde was pegged to the US dollar at a value of G 5 to US$1.
- 1989: The gourde un-pegged from the US dollar and now floats freely against world currencies.
Despite facing periods of political instability, the Haitian Gourde has remained a valuable mode of exchange for nearly 150 years.
Currency Information
The Haitian gourde is the official currency of Haiti, with a currency code of HTG. It's the only country that uses this currency.
The Haitian gourde divides into subunits called centimes, which equal 1/100th of a gourde. It comes in bills of 10, 25, 50, 100, 250, 500, and 1,000 gourdes.
The Haitian gourde is pegged to the US dollar, but the peg was abandoned in 1989 in favor of a free float. This means the exchange rate can fluctuate.
Here's a list of the Haitian gourde denominations:
- 10, 25, 50, 100, 250, 500, and 1,000 gourdes (bills)
- 5, 10, 20, and 50 centimes (coins)
- 1- and 5-gourde coins
Currency Symbol & Code
The Haitian Gourde, abbreviated as HTG, is a currency that's essential to know for any international transaction involving Haiti.
The symbol used for Haitian Gourde is G.
The ISO code assigned to Haitian Gourde is HTG, a code you should keep in mind when making any international transaction involving HTG.
You can find the current exchange rate of HTG to USD on websites that provide live currency exchange rates, such as 1 Haiti Gourde = 0.0077 US Dollar as of 15/01/2025 03:08.
To make the most of your transactions, it's crucial to conduct in-depth research on trending exchange rates before engaging in any transaction with HTG.
Currency Denominations
The Haitian gourde is the official currency of Haiti, a Caribbean country that shares a land border with the Dominican Republic.
It's divided into subunits called centimes, which equal 1/100th of a gourde.
Haitian banknotes feature both official languages, French and Haitian Creole.
The Bank of the Republic of Haiti issues the gourde, replacing the National Bank in 1979.
The gourde comes in bills of 10, 25, 50, 100, 250, 500, and 1,000 gourdes.
You can also find Haitian coins in denominations of 5, 10, 20, and 50 centimes, as well as 1- and 5-gourde coins.
The currency code for the gourde is HTG.
Demand for the Haitian gourde is low outside the Republic of Haiti due to the country's small size and limited exports.
Key Takeaway
The Haitian gourde (HTG) is the national currency for the Republic of Haiti. It's not widely used outside of the country, which affects its demand.
One of the key factors affecting the gourde's value is its peg to the US dollar. The peg was set at a rate of five gourdes to one USD, but it was abandoned in 1989.
Here are some key facts to keep in mind:
- The Haitian gourde is the national currency of Haiti.
- The demand for the Haitian currency is low outside of Haiti.
- The gourde was pegged to the US dollar at a rate of 5:1, but the peg was abandoned in 1989.
Conversion and Rates
The Haitian gourde (HTG) is the official currency of Haiti, and understanding its conversion and rates is essential for anyone dealing with the currency. The exchange rate can fluctuate rapidly, so it's crucial to stay informed.
One of the best ways to find the current exchange rate is to use an online currency converter or check the Remitly app. According to Example 3, the stability of the Haitian economy, manufacturing industry, and weather conditions can affect the exchange rate.
The exchange rate for HTG to USD is currently around 0.008 US dollars. This means that it costs approximately 113.4 gourdes to buy one US dollar, as stated in Example 4.
Here is a table displaying the exchange rates of HTG against a few notable currencies:
As of August 2021, the current exchange rate stands at approximately 98 HTG to 1 USD, as stated in Example 5. The exchange rate is subject to fluctuations influenced by several factors, including inflation, political instability, and global economic trends.
To find out how many US dollars it takes to buy one gourde, you can divide one by the USD/HTG exchange rate. For example, divide one by 113.4, which produces the HTG/USD rate of 0.0088.
Banknotes and Milestones
The Haitian gourde has a rich history, and its banknotes are no exception. The governments of Haiti have issued paper money in denominations of G 1, G 2, G 5, G 10, G 20, G 25, G 50, G 100, G 500, and G 1,000.
Some gourde notes mark important milestones, like the 1,000-gourde note, which was first introduced in 1999 to commemorate the 250th anniversary of the founding of Port-au-Prince, Haiti’s capital. This note was a significant addition to the Haitian currency.
A 20-gourde note entered circulation in 2001, both as a commemorative edition to celebrate the bicentennial of the Constitution of Toussaint L’Ouverture and as a regular issue. This note helped to make the Haitian gourde more accessible to the public.
In 2004, the Banque de la Republique d'Haiti issued a series of notes to commemorate the bicentennial of Haiti's independence. These notes featured images of important historical figures and landmarks.
Here are some of the notes that were part of this series:
These notes not only marked important milestones but also helped to make the Haitian gourde more accessible and interesting to the public.
What Is the?
The Haitian Gourde is the national currency for the Republic of Haiti. It's based on an old Spanish currency called gordos, and the name "gourde" is French.
The Haitian Gourde subdivides into 100 centimes. This is a useful fact to know if you're traveling to Haiti and need to make change.
The symbol G represents the currency, which is easy to spot on signs and menus.
Forex and Market
The Haitian gourde's exchange rate has been quite volatile over the years, fluctuating between 40 and 113.4 between 2004 and 2019. In 2014, the HTG started to decrease, moving close to 100 in 2019.
To give you a better idea of how this affects the value of the gourde, let's take a look at an example. If the exchange rate is 113.4, it costs 113.4 gourdes to buy one USD. To find out how many U.S. dollars it takes to buy one gourde, divide one by the USD/HTG exchange rate, which would be 0.0088 USD.
Here's a rough estimate of how many gourdes you'd need to buy a certain amount of USD at different exchange rates:
Keep in mind that the exchange rate can change rapidly due to various factors such as inflation, political instability, and global economic trends. It's essential to stay informed and adjust your strategies accordingly.
Recent Developments and Challenges
The Haitian Gourde has seen significant fluctuations in its value due to recent challenges like political instability, economic downturns, and natural disasters. These events have shaken the economy and contributed to the country's high level of poverty.
The government of Haiti has struggled to maintain the stability of its currency, with high rates of inflation and devaluation. This has led to a lack of formal employment opportunities.
Measures have been put in place to counter these issues, such as improving governance policies and working with international partners on economic stabilization programs. Despite these efforts, the Haitian Gourde remains prone to fluctuations.
The informal economy in Haiti is thriving, supporting small businesses through microfinance institutions. These businesses play a crucial role in creating jobs and stimulating local production.
Promoting entrepreneurship and formulating policies that aid small business growth can help overcome some of the current difficulties in Haiti.
HTG on Forex Market
The Haitian Gourde, or HTG, is a currency that's often overlooked in the Forex market, but it's worth paying attention to. As of August 2021, the exchange rate is approximately 98 HTG to 1 USD.
The HTG has had its fair share of ups and downs over the years. From 2004 to 2014, the exchange rate hovered near 40, making the HTG stronger since it took fewer gourdes to buy one USD. However, starting in 2014, the HTG began to decrease, moving close to 100 in 2019.
To give you a better idea of the HTG's performance, let's take a look at the exchange rate history. Here's a rough timeline:
As you can see, the HTG has been on a downward trend, making it a less attractive currency for investors. However, this doesn't mean it's a bad idea to invest in the HTG altogether. In fact, the current exchange rate of 98 HTG to 1 USD presents an opportunity for those looking to diversify their portfolio.
If you're considering investing in the HTG, keep in mind that the exchange rate is subject to fluctuations influenced by factors such as inflation, political instability, and global economic trends. It's essential to keep abreast of the prevailing market conditions and obtain professional guidance on risk management and investment strategies.
In the example provided, assume that the exchange rate for the USD/HTG currency pair is 113.4. This means it costs 113.4 gourdes to buy one USD. To find out how many U.S. dollars it takes to buy one gourde, divide one by the USD/HTG exchange rate. For example, divide one by 113.4, which produces the HTG/USD rate of 0.0088. That means that one gourde will buy a little less than US $0.01.
Frequently Asked Questions
Why is Haitian money called gourde?
The Haitian gourde gets its name from the French language, with roots in an old Spanish currency called gordos. This unique origin reflects Haiti's rich cultural history and its connection to European influences.
How much is 1 Haitian dollar to a US dollar?
As of 29/12/2024, 1 Haitian Gourde (HTG) is equivalent to approximately 0.0076 US Dollars (USD). Check for the latest exchange rate for the most up-to-date conversion.
Sources
- https://www.currency.me.uk/convert/htg/usd
- https://en.wikipedia.org/wiki/Haitian_gourde
- https://www.investopedia.com/terms/forex/h/htg-haitian-gourde.asp
- https://blog.remitly.com/currencies/facts-you-probably-didnt-know-haitian-gourde/
- https://www.acquire.fi/glossary/htg-haitian-gourde-definition-and-history
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