Convert Guatemalan Quetzal to Moroccan Dirham
Please provide values below to convert Guatemalan Quetzal [GTQ] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Moroccan Dirham
1 GTQ = 0.851958749153558 MAD
Example: convert 15 GTQ to MAD:
15 GTQ = 15 × 0.851958749153558 MAD = 12.7793812373034 MAD
Guatemalan Quetzal to Moroccan Dirham Conversion Table
| Guatemalan Quetzal | Moroccan Dirham |
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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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.