Guatemalan Quetzal to US Dollar — 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: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.Read More