means Existing or happening right now, or a gift given to someone, or being in a particular place at a particular time.

from From Latin 'praesens,' the participle of 'praeesse,' meaning to be before or at hand — literally 'being before' someone (prae- 'before' + esse 'to be'). It came into English through Old French 'present.' The 'gift' sense grew from the idea of something placed 'before' a person, offered into their presence — to present a thing was to put it forward, and the thing itself became 'a present.' So the moment you're in and the box with a bow both trace back to simply being right here, before you.