Convert Dominican Peso to Guatemalan Quetzal
Please provide values below to convert Dominican Peso [DOP] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to Dominican Peso.
How to Convert Dominican Peso to Guatemalan Quetzal
1 DOP = 7.86362984872373 GTQ
Example: convert 15 DOP to GTQ:
15 DOP = 15 × 7.86362984872373 GTQ = 117.954447730856 GTQ
Dominican Peso to Guatemalan Quetzal Conversion Table
| Dominican Peso | Guatemalan Quetzal |
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Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.
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.