Convert Guatemalan Quetzal to New Zealand Dollar
Please provide values below to convert Guatemalan Quetzal [GTQ] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to New Zealand Dollar
1 GTQ = 4.59838226482924 NZD
Example: convert 15 GTQ to NZD:
15 GTQ = 15 × 4.59838226482924 NZD = 68.9757339724386 NZD
Guatemalan Quetzal to New Zealand Dollar 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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.