Convert Guatemalan Quetzal to Chinese Yuan
Please provide values below to convert Guatemalan Quetzal [GTQ] to Chinese Yuan [CNY], or Convert Chinese Yuan to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Chinese Yuan
1 GTQ = 1.06980861177323 CNY
Example: convert 15 GTQ to CNY:
15 GTQ = 15 × 1.06980861177323 CNY = 16.0471291765985 CNY
Guatemalan Quetzal to Chinese Yuan 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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).