Foreign Exchange Information
Time to travel? Enjoy our foreign exchange services, readily available at all our branches.
We will gladly exchange
- US dollars (buying and selling)
- EURO (buying and selling) (for account holders only)
- Netherlands Antilles guilders (buying and selling)
- British Pounds (buying and selling)
Exchange rates
| Currency | Currency Code | Buying Rates | Selling Rates | |
| Cash Bank Notes | Non-Cash Transfers, Cheques, Traveler Cheques | |||
| Neth. Antil. Guilders (Per ANG 100) | ANG | 98.00 | 100.00 | 100.20 |
| American Dollars | USD | 1.77 | 1.78 | 1.80 |
| Canadian Dollars | CAD | 1.71 | 1.73 | 1.75 |
| Swiss Francs (Per CHF 100) | CHF | 165.54 | 166.26 | 167.06 |
| Pound Sterling | GBP | 2.59 | 2.64 | 2.70 |
| Japanse Yen (Per JPY 10000) | JPY | 195.04 | 196.82 | 198.80 |
| Euro (Per EUR 100) | EUR | 240.21 | 242.40 | 244.84 |
Official buying and selling rates are set daily, based on U.S. dollar rates on international markets.
About the Aruban guilder or ‘florin’
- Abbreviated as 'AWG'
- In existence since 1986
- Pegged to the U.S. dollar at AWG.1.79 per US$ 1.00
About foreign exchange tax
Pursuant to the State Ordinance on foreign exchange tax, a 1.3% tax is levied on payments made by residents to non-residents, except when settled in Netherlands Antillean guilders. Certain groups of companies (mainly government-related) are also exempted, by virtue of the State Decrees on foreign exchange commission exemption of September 1995, July 1998 and October 2001. Additionally, based on article 12 of the State Ordinance on the free zone of July 2000, the companies concerned may request an exemption to the extent that their payments for goods and services are linked to re-exports. Furthermore, offshore companies and Aruba Exempt Corporations are considered non-resident for the purpose of foreign exchange control, and are, therefore, completely exempted.
About foreign exchange control
Pursuant to the State Ordinance on foreign exchange transactions, the bank is responsible for the implementation of the regulations concerning foreign exchange transactions for account and risk of the government. These regulations are used to monitor and regulate the in- and outflows of foreign currencies. Payments to and receipts from non-residents may be made in any convertible currency. For purposes of the compilation of the balance of payments, all payments made by residents to non-residents and receipts from non-residents via the local commercial banks and authorized foreign bank accounts should be reported to the bank.
There is a maximum limit per calendar year to the amount that residents can transfer without permit: AWG 300,000 for individuals, and AWG 750,000 for commercial entities.
Transactions between residents and non-residents should be reported before posting, as a permit might be required (depending on the reason for the transaction).