Currency Rate Guatemala Quetzal to USD
Our Currency Rate GTQ latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the GTQ. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
GTQ 0.122199
Selling rate
GTQ0.156362
The Guatemalan Quetzal, commonly abbreviated as GTQ, is the official currency of Guatemala. Known locally as the "quetzal," the GTQ is symbolized as "Q." The currency was named after the national bird of Guatemala, the Resplendent Quetzal.
Currency Details
Symbol: Q
ISO Code: GTQ
Subunits: 1 Quetzal = 100 centavos
Banknotes and Coins
The GTQ is available in both coins and banknotes:
Coins:
1 centavo
5 centavos
10 centavos
25 centavos
50 centavos
1 quetzal
5 quetzales
Banknotes:
10 quetzales
20 quetzales
50 quetzales
100 quetzales
200 quetzales
500 quetzales
History and Background
The Guatemalan Quetzal was introduced in 1925, replacing the Guatemalan peso. The currency was named after the quetzal, a sacred bird in Mayan mythology and a symbol of freedom.
Economic Significance
The GTQ is integral to Guatemala's economy, facilitating trade, investment, and economic development. Guatemala has a diverse economy, with key sectors including agriculture (particularly coffee and bananas), tourism, manufacturing, and services. The quetzal's value is influenced by various factors, including agricultural prices, remittances, and global market conditions.
Usage and Exchange
The GTQ is widely accepted across Guatemala for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Guatemalan quetzales is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Guatemalan Quetzal is more than just a currency; it is a symbol of Guatemala's cultural richness, natural beauty, and economic development. Understanding the GTQ is essential for anyone engaging with Guatemala's dynamic economy, whether you are a resident or a visitor. The quetzal's stability and accessibility play a crucial role in the country's economic resilience and growth.
Currency Details
Symbol: Q
ISO Code: GTQ
Subunits: 1 Quetzal = 100 centavos
Banknotes and Coins
The GTQ is available in both coins and banknotes:
Coins:
1 centavo
5 centavos
10 centavos
25 centavos
50 centavos
1 quetzal
5 quetzales
Banknotes:
10 quetzales
20 quetzales
50 quetzales
100 quetzales
200 quetzales
500 quetzales
History and Background
The Guatemalan Quetzal was introduced in 1925, replacing the Guatemalan peso. The currency was named after the quetzal, a sacred bird in Mayan mythology and a symbol of freedom.
Economic Significance
The GTQ is integral to Guatemala's economy, facilitating trade, investment, and economic development. Guatemala has a diverse economy, with key sectors including agriculture (particularly coffee and bananas), tourism, manufacturing, and services. The quetzal's value is influenced by various factors, including agricultural prices, remittances, and global market conditions.
Usage and Exchange
The GTQ is widely accepted across Guatemala for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Guatemalan quetzales is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Guatemalan Quetzal is more than just a currency; it is a symbol of Guatemala's cultural richness, natural beauty, and economic development. Understanding the GTQ is essential for anyone engaging with Guatemala's dynamic economy, whether you are a resident or a visitor. The quetzal's stability and accessibility play a crucial role in the country's economic resilience and growth.