Guatemalan Quetzales (GTQ)

Guatemalan Quetzales (GTQ) is the official currency of Guatemala. The Quetzal is named after the national bird of Guatemala, the resplendent quetzal. GTQ is issued by the Bank of Guatemala and is widely used throughout the country.

GTQ has an ISO 4217 code of GTQ and its symbol is “Q”. The currency is divided into subunits, ranging from 1 quetzal down to 1 centavo. However, the centavo subunit is not commonly used in practice.

GTQ is the widely accepted and used currency in Guatemala. Daily expenses, shopping, services, and financial transactions are typically conducted in GTQ. Additionally, the US dollar is also widely accepted in tourist areas.

The economy of Guatemala is primarily based on agriculture, services, and tourism. Agricultural products such as coffee, bananas, sugarcane, corn, and fruits contribute significant export revenues. GTQ is a currency that reflects Guatemala’s economic activities and its exchange rates are influenced by economic factors and market conditions.

The exchange rate of GTQ can fluctuate against other currencies and can vary on a daily basis. Therefore, it is important to keep track of current exchange rates when dealing with GTQ.

In conclusion, Guatemalan Quetzales (GTQ) is the official currency of Guatemala. GTQ is issued by the Bank of Guatemala and is widely used throughout the country. GTQ is a currency that reflects Guatemala’s economic activities and its exchange rates are influenced by economic factors and market conditions.