Prior to 1434 the Dutch issued currency conforming to the Carolingian monetary system, with the Pound divided into 20 shillings and the shilling divided into 12 pennies. This table summarizes the gulden's value in terms of silver until the gold standard was introduced in 1875. The gulden emerged as the official currency of the Burgundian Netherlands after the 1434 monetary reform done under Philip the Good. Inverted, this gives 0.453780 euros for 1 guilder.ĭerived from the Dutch guilder are the Netherlands Antillean guilder (still in use in Curaçao and Sint Maarten) and the Surinamese guilder (replaced in 2004 by the Surinamese dollar). The exact exchange rate, still relevant for old contracts and for exchange of the old currency for euros at the central bank, is 2.20371 Dutch guilders for 1 euro. However, physical payments could only be made in guilders, as no euro coins or banknotes were available. īetween 19, the guilder was officially a "national subunit" of the euro. The Dutch guilder was a de facto reserve currency in Europe in the 17th and 18th centuries. The Dutch name gulden was a Middle Dutch adjective meaning "golden", and reflects the fact that, when first introduced in 1434, its value was about equal to (i.e., it was on par with) the Italian gold florin. The guilder ( Dutch: gulden, IPA: ) or florin was the currency of the Netherlands from the 15th century until 2002, when it was replaced by the euro.
This infobox shows the latest status before this currency was rendered obsolete.
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