Guatemalan Quetzal to Mexican Peso — exchange rate

Country of Circulation: Bank of Guatemala

Currency Code, Symbol: GTQ, Q

Denominations of coins in circulation: 1, 5, 10, 25, 50 centavos, 1 quetzal

Denominations of banknotes in circulation: 1 quetzal, 5, 10, 20, 50, 100, 200 quetzales

History: The Guatemalan quetzal (Q) is the main national currency of Guatemala. For ease, it is named GTQ in international conversion. Centavos are used as change for this currency.Every GTQ has 100 centavos. In a local slang, coins are called lenes. The Guatemalan quetzal appeared in 1925. The currency’s rate has been depending on fluctuations of the American dollar for a long time. The name itself comes from the name of a local bird known for its colorful feathers and unique appearance. Interestingly, the first currency of Guatemala was feathers of this brilliant bird – quetzal.Read More

Country of Circulation: Mexico

Currency Code, Symbol: MXN, $

Denominations of coins in circulation: 50¢, $1, $2, $5, $10, $20

Denominations of banknotes in circulation: $20, $50, $100, $200, $500

History: The Mexican peso (symbol: $, code: MXN, number: 484 ) is the official currency of Mexico. Its notes and coins are not used in other countries. A widespread international name for the currency used on the exchange market and in exchange offices is MXN.Mexican peso can be subdivided into centavos. Every MXN has 100 centavos. The currency first appeared in 1993 and replaced the Mexican reals. Up until 1999 the currency had been called the new Mexican peso. As soon as this currency appeared, it became a catalyzer for a large-scale financial crisis. Real had gone through inflation before, but the consequences of the 1992 crisis become fatal for the old monetary unit.Read More