Convert United States Dollar to Guatemalan Quetzal
Please provide values below to convert United States Dollar [USD] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to United States Dollar.
How to Convert United States Dollar to Guatemalan Quetzal
1 USD = 0.130298252700431 GTQ
Example: convert 15 USD to GTQ:
15 USD = 15 × 0.130298252700431 GTQ = 1.95447379050647 GTQ
United States Dollar to Guatemalan Quetzal Conversion Table
| United States Dollar | Guatemalan Quetzal |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.