Convert Guatemalan Quetzal to Cuban Peso
Please provide values below to convert Guatemalan Quetzal [GTQ] to Cuban Peso [CUP], or Convert Cuban Peso to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Cuban Peso
1 GTQ = 0.319779166666667 CUP
Example: convert 15 GTQ to CUP:
15 GTQ = 15 × 0.319779166666667 CUP = 4.7966875 CUP
Guatemalan Quetzal to Cuban Peso Conversion Table
| Guatemalan Quetzal | Cuban Peso |
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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.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.