Guatemala: Closing price of the dollar today, USD to GTQ on March 15

In the

last session, the US dollar traded at 7.69 quetzal, up 2.37% from the previous day's price when it traded at 7.51 quetzal.

Taking into account last week, the US dollar rose 2.18%, and over the course of the year it was still up 1.73%. With respect to the past day, it proved that it is not possible to establish a clear trend in recent times with respect to today's change. The volatility of last week is clearly higher than the data achieved last year (14.43%), and it appears as an asset with greater fluctuation than usual.

Last year, the US dollar hit a high of 7.72 quetzals and the lowest level was 7.48 quetzals. The US dollar is located closer to its value than its lowest.

The h2Guatemalan Quetzal Quetzal/h2 is a legal tender used in Guatemala and was established in 1924 following the issuance of a monetary law enacted when President José Maria Orellana ordered the replacement of the Guatemalan peso.

Guatemalan currency is now divided into 100 cents and was initially valued 10 cents higher than the US dollar; it fell equally in 1980 and recovered a few months later.

Currently, Quetzal is equivalent to 7.50 units per US dollar and 9.25 units per euro, making it one of the 30 most unchanged currency units in Ibero-America and the world.

The body that regulates currency generation is the Bank of Guatemala, today quetzals of 5, 10, 25 and 50 cents and coins of 1 quetzal are known, and 1, 5, 10, 20, 50, 100 and 200 quetzals are circulated in banknotes.

In an attempt to reduce the production price of the coin, the government sought to introduce coins with various materials, such as choosing steel instead of nickel or brass-plated steel.

According to official figures, the Guatemalan government assured that the gross domestic product (GDP) increased by 7.5% at the end of 2021, which did not grow for 40 years.

On the other hand, the International Monetary Fund (IMF) expects that by 2022 the Guatemalan economy will continue to maintain favorable performance, partly due to foreign trade, remittances from the United States and a significant drop in inflation.

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Agencies