Convert Guatemalan Quetzal to Bosnia-Herzegovina Convertible Mark
Please provide values below to convert Guatemalan Quetzal [GTQ] to Bosnia-Herzegovina Convertible Mark [BAM], or Convert Bosnia-Herzegovina Convertible Mark to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Bosnia-Herzegovina Convertible Mark
1 GTQ = 4.60362305800492 BAM
Example: convert 15 GTQ to BAM:
15 GTQ = 15 × 4.60362305800492 BAM = 69.0543458700738 BAM
Guatemalan Quetzal to Bosnia-Herzegovina Convertible Mark Conversion Table
| Guatemalan Quetzal | Bosnia-Herzegovina Convertible Mark |
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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.
Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.