Convert Eritrean Nakfa to Guatemalan Quetzal
Please provide values below to convert Eritrean Nakfa [ERN] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Guatemalan Quetzal
1 ERN = 1.95447379050647 GTQ
Example: convert 15 ERN to GTQ:
15 ERN = 15 × 1.95447379050647 GTQ = 29.317106857597 GTQ
Eritrean Nakfa to Guatemalan Quetzal Conversion Table
| Eritrean Nakfa | Guatemalan Quetzal |
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Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.
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.