Convert Guatemalan Quetzal to Bulgarian Lev
Please provide values below to convert Guatemalan Quetzal [GTQ] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Bulgarian Lev
1 GTQ = 4.60224274406332 BGN
Example: convert 15 GTQ to BGN:
15 GTQ = 15 × 4.60224274406332 BGN = 69.0336411609499 BGN
Guatemalan Quetzal to Bulgarian Lev Conversion Table
| Guatemalan Quetzal | Bulgarian Lev |
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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.
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.