Convert Guatemalan Quetzal to Cuban Convertible Peso
Please provide values below to convert Guatemalan Quetzal [GTQ] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Cuban Convertible Peso
1 GTQ = 7.6747 CUC
Example: convert 15 GTQ to CUC:
15 GTQ = 15 × 7.6747 CUC = 115.1205 CUC
Guatemalan Quetzal to Cuban Convertible Peso Conversion Table
| Guatemalan Quetzal | Cuban Convertible 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.
Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.