Convert Guatemalan Quetzal to Gibraltar Pound
Please provide values below to convert Guatemalan Quetzal [GTQ] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Gibraltar Pound
1 GTQ = 10.3670133729569 GIP
Example: convert 15 GTQ to GIP:
15 GTQ = 15 × 10.3670133729569 GIP = 155.505200594354 GIP
Guatemalan Quetzal to Gibraltar Pound Conversion Table
| Guatemalan Quetzal | Gibraltar Pound |
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Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.