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Currencies

Countries that use the quetzal

The quetzal is an official national currency and used only in Guatemala. 1 quetzal is devided into 100 Centavos.

ISO 4127:
GTQ
Numeric:
320
Symbol:
Q



List of all currencies

1.00 quetzals = 0.13 US dollars
(Date: 06/09/2023)


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Exchange rate history 1 GTQ in USD

The graph shown here shows the exchange rate development from January 2017 to June 2023. The exchange rate for 1 GTQ moved during this time from USD 0.14 to USD 0.13. In these 77 months it fell by 6.3 percent.

Quetzal as currency

CountryRegion
GuatemalaCentral America

US dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United States of AmericaNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Caribbean NetherlandsCaribbean
United States Minor Outlying IslandsMicronesia

Currency reserves for the quetzal

According to the International Monetary Fund, the total broad money (M3) amounted to GTQ 434.69 billion at the end of 2022. For currency hedging, reserves were held in a total amount of 173.02 billion quetzals. This corresponds to a ratio of 1:2.5. Or in other words, 10 of 25 quetzals are deposited with a countervalue, which is internationally already above average.

Approximately 3.40 billion quetzals (2.0%) of the currency reserves exist in gold reserves. The remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

› Worldwide currency and gold reserves



Sources

All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.
Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 103 countries compared to the US
Hong Kong: Public HolidaysPublic holidays in Hong Kong 2023-2027Statutory and inofficial holidays in Hong Kong for 2023 to 2027