Convert Guatemalan Quetzal to Tanzanian Shilling
Please provide values below to convert Guatemalan Quetzal [GTQ] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Tanzanian Shilling
1 GTQ = 0.00298612376723712 TZS
Example: convert 15 GTQ to TZS:
15 GTQ = 15 × 0.00298612376723712 TZS = 0.0447918565085569 TZS
Guatemalan Quetzal to Tanzanian Shilling Conversion Table
| Guatemalan Quetzal | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.