Convert Cuban Peso to Guatemalan Quetzal
Please provide values below to convert Cuban Peso [CUP] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to Cuban Peso.
How to Convert Cuban Peso to Guatemalan Quetzal
1 CUP = 3.12715806481035 GTQ
Example: convert 15 CUP to GTQ:
15 CUP = 15 × 3.12715806481035 GTQ = 46.9073709721553 GTQ
Cuban Peso to Guatemalan Quetzal Conversion Table
| Cuban Peso | Guatemalan Quetzal |
|---|
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
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.