Convert Guatemalan Quetzal to Peruvian Nuevo Sol
Please provide values below to convert Guatemalan Quetzal [GTQ] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Peruvian Nuevo Sol
1 GTQ = 2.15720830873879 PEN
Example: convert 15 GTQ to PEN:
15 GTQ = 15 × 2.15720830873879 PEN = 32.3581246310819 PEN
Guatemalan Quetzal to Peruvian Nuevo Sol Conversion Table
| Guatemalan Quetzal | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.