Convert Guatemalan Quetzal to Mexican Peso
Please provide values below to convert Guatemalan Quetzal [GTQ] to Mexican Peso [MXN], or Convert Mexican Peso to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Mexican Peso
1 GTQ = 0.411640081097607 MXN
Example: convert 15 GTQ to MXN:
15 GTQ = 15 × 0.411640081097607 MXN = 6.1746012164641 MXN
Guatemalan Quetzal to Mexican Peso Conversion Table
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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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.