Convert Guatemalan Quetzal to Mongolian Tugrik
Please provide values below to convert Guatemalan Quetzal [GTQ] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Mongolian Tugrik
1 GTQ = 0.00216205249257352 MNT
Example: convert 15 GTQ to MNT:
15 GTQ = 15 × 0.00216205249257352 MNT = 0.0324307873886028 MNT
Guatemalan Quetzal to Mongolian Tugrik Conversion Table
| Guatemalan Quetzal | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.