What type of currency does Guatemala use?


What type of currency does Guatemala use?

Guatemalan quetzal
GTQ is the foreign exchange abbreviation for the Guatemalan quetzal. It is the official currency of Guatemala, and is subdivided into 100 centavos.

How much does Guatemala cost?

We spent 29 full days in the country, averaging a total Guatemala travel budget of $65.52/day for two people, or $32.76 per person, per day. This added up to a total cost of $1900.18 for our month-long trip.

What is the average income of a person in Guatemala?

In 2020, the national gross income per capita in Guatemala amounted to around 4.5 thousand U.S. dollars, down from 4.6 thousand U.S. dollars per person in the previous year.

Is it cheap to live in Guatemala?

Summary about cost of living in Guatemala City, Guatemala: A single person estimated monthly costs are 601$ (4,658Q) without rent. Guatemala City is 55.56% less expensive than New York (without rent). Rent in Guatemala City is, on average, 84.11% lower than in New York.

What kind of currency do they use in Guatemala?

The official monetary unit in Guatemala is called a Quetzal. The Guatemalan Quetzal (GTQ) is divided into 100 centavos. The remarkably stable exchange rate of the Guatemala Quetzal to the U.S. dollar is approximately 8 to 1, which means 2 Quetzals equal a U.S. quarter.

How much money does a quetzal equal in Guatemala?

The creation of the new national monetary sign gave way to the foundation of the Bank of Guatemala, the only institution authorized to issue currency. Based on the US dollar’s exchange rate in the previous year, it was decided that a Quetzal would equal 60 pesos and the issuing of money was exclusively reserved to the State.

What are the reverse designs of Guatemalan coins?

The coins, and their reverse designs are: 1 1 centavo: Friar Bartolomé de las Casas 2 5 centavos: the tree of liberty and the motto ” LIBRE CREZCA FECUNDO ( Grow free and fecund)” 3 10 centavos: a monolith from Quiriguá 4 25 centavos: an indigenous woman, Concepción Ramírez 5 50 centavos: Monja Blanca, the national flower

How do you change money in Guatemala City?

Changing Money. Exchanging money and travelers checks at banks in Guatemala is fairly easy. You’ll be asked to show proof of identification (a passport or passport copy is best). In border areas, you may be approached by money changers who may have better rates than banks.

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