Originally, the tower was built around 1485, as a part of the main gate to the city of Amsterdam (called Regulierspoort) and included two towers and one guard house. In 1618, following a fire in the city, the guard house and one of the towers were destroyed. All that was left was a part of one tower. In 1619 the tower was renovated in the Renaissance style, and to its top four clocks were added. It was renovated again between 1885-1887, this tims in the Neo-Renaissance style.
If you were wondering about the origin of the tower's name, it is named after the currency dealt with during the 17th century in the guard house.
In 2006 the city of Amsterdam allocated 9.1 million euros to strengthen the foundations of the tower, mainly because of fears for damage during the construction of a new subway line in the city.