Guatemalan Quetzal

About The Guatemalan Quetzal: The Currency of the Guatemala

Quick Facts About the Guatemalan Quetzal Notes

Country of Origin	Guatemala
Symbol	Q
Currency Code	GTQ (Numeric- 320)
Nick Names
Minor units	Centavo
Denominations (Banknotes)	1, 5, 10, 20, 50, 100, 200 quetzales
Motto
Identification Feature	Each banknote's value is displayed in Mayan numerals on the upper-right corner, signifying Guatemala's cultural heritage.
Issuing Bank	Bank of Guatemala
In Circulation Since	1925 AD

The official money of Guatemala is the Guatemalan quetzal (GTQ). The Guatemalan quetzal symbol is Q. The issue and circulation of the Guatemalan quetzal are under the jurisdiction of the Bank of Guatemala, the country's central bank. It is possible to split a Guatemalan quetzal into 100 centavos.

Guatemala is a nation in Central America with a colourful past. Tourists swarm there yearly to see its historic Mayan ruins and picturesque towns and cities, like Antigua. Numerous emigrants to the little country have made the United States, Canada, and Spain their new homes. Here is the information you need to know about the Guatemalan quetzal (GTQ), which is the currency of Guatemala, whether you're sending an international money transfer, relocating there, or travelling there.

History of the Guatemalan Quetzal

The Guatemalan quetzal was created in 1924 and was given its name in honour of the quetzal bird, whose feathers were once used as payment by the prehistoric Mayans. These long-tailed birds are prominently seen on contemporary banknotes. The Guatemalan peso, which had been introduced in 1859 to replace the Central American real, was officially replaced by the currency in 1925.

When the Central Bank of Guatemala was first created in 1926, the exchange rate for currency was 1 quetzal to 60 pesos. The currency was first tied to the gold standard and then fixed at par with the US dollar by the government. Guatemala underwent a political revolution in 1944, ending its dictatorship and establishing more democratic government structures. The Central Bank of Guatemala ceased issuing money in 1946, and the new Bank of Guatemala, which the government had founded in 1945, took over. The newly established bank took over coin production and released a new series of banknotes.

The quetzal's exchange rate has been permitted to fluctuate freely against international currencies by the central bank since 1987. Nevertheless, the value of the quetzal has been quite constant since 2000, ranging between 7 and 8 quetzals per U.S. dollar after a brief increase following the withdrawal of its peg.

The live Guatemalan quetzal rate has faced various fluctuations in terms of value, but it has stood the test of time. The Guatemalan quetzal price has been relatively constant in recent times.

Countries Accepting the Guatemalan Quetzal

Amount in the Guatemalan Quetzal You Should Carry for Your Trip

Buy Guatemalan quetzal as much as you determine will be required. For your trip to Guatemala, you should budget Q304 ($39) a day, which is the average daily price based on what earlier travel enthusiasts spent there. Average daily meal costs for previous passengers were Q87 ($11) and Q55 ($7.02), respectively. Additionally, a hotel room in Guatemala costs Q203 ($26) for a couple. Thus, the average cost of a weeklong trip for two individuals to Guatemala is Q4,259 ($539). These average travel costs were compiled from feedback from previous travellers to assist you in creating your own trip budget. The Guatemalan quetzal exchange rate will be significantly worse if you decide to sell Guatemalan quetzal back to euros. Using Guatemalan quetzal Forex Cards is a safer option.