Convert Moroccan Dirham to Guatemalan Quetzal
Please provide values below to convert Moroccan Dirham [MAD] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to Moroccan Dirham.
How to Convert Moroccan Dirham to Guatemalan Quetzal
1 MAD = 1.1737657498013 GTQ
Example: convert 15 MAD to GTQ:
15 MAD = 15 × 1.1737657498013 GTQ = 17.6064862470194 GTQ
Moroccan Dirham to Guatemalan Quetzal Conversion Table
| Moroccan Dirham | Guatemalan Quetzal |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.