Convert Guatemalan Quetzal to Cayman Islands Dollar
Please provide values below to convert Guatemalan Quetzal [GTQ] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Cayman Islands Dollar
1 GTQ = 9.21000840033601 KYD
Example: convert 15 GTQ to KYD:
15 GTQ = 15 × 9.21000840033601 KYD = 138.15012600504 KYD
Guatemalan Quetzal to Cayman Islands Dollar Conversion Table
| Guatemalan Quetzal | Cayman Islands Dollar |
|---|
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.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.