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LOCAL CURRENCY IN GUATEMALA

Want to know how much is your money worth in Guatemala? The local money in Guatemala is called Quetzal.

The Guatemalan Quetzal is issued and managed by the Bank of Guatemala. To find out the current currency exchange rates for Quetzal to other major currencies of the world, click on foreign currency rates.

Guatemalan Currency Information
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The currency used in Guatemala is called as the Quetzal. This currency is denoted with the currency sign Q and the ISO 4217 Code for the Guatemalan Quetzal is GTQ. The Quetzal, is the official currency of the Guatemala . It is divided into 100 smaller units called centavo.

The constitution of Guatemala provides that the Guatemala government shall have the power to print the Guatemalan Quetzal and centavo coins to be used as a legal tender in Guatemala. The Guatemalan Quetzal bank notes and Centavo coins are both designated as "legal tender" in payment of debts.

The Guatemalan Quetzal bill uses the decimal system, consisting of 100 equal units.

The symbol Q, usually written before the numerical amount, is used for the Guatemalan Quetzal.

Currently printed bank notes denominations are 50 centavos, 1 quetzal, 5, 10, 20, 50, 100, 200 quetzales and the coins are minted in the denominations of 1, 5, 10, 25, 50 centavos, 1 quetzal .

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The Effect of Balance of Trade and Investment on the Value of Guatemalan Quetzal
Financial analysts regularly cite the balance of trade and investment in Guatemala as the most important influence on the value of the Quetzal. The difference between what the Guatemala exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Quetzal exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Quetzal exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Guatemalan Quetzal.
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