Convert Guatemalan Quetzal to Uruguayan Peso
Please provide values below to convert Guatemalan Quetzal [GTQ] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Uruguayan Peso
1 GTQ = 0.190439678510368 UYU
Example: convert 15 GTQ to UYU:
15 GTQ = 15 × 0.190439678510368 UYU = 2.85659517765553 UYU
Guatemalan Quetzal to Uruguayan Peso Conversion Table
| Guatemalan Quetzal | Uruguayan Peso |
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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.
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.