Guatemala: closing price of the euro today, March 15 of EUR to GTQ

On the last day the euro was paid at the close of 8.41 quetzals, which meant an increase of 1.44% compared to the previous day's figure, when it traded at 8.29 quetzals.

Compared to the profitability of the last seven days, the euro marked an increase of 2.56%, although, on the contrary, in the last year it still accumulated a decrease of 8.75%. Comparing this figure with that of previous days, it turned the tables with respect to that of the previous day, in which a decrease of 1.13% was recorded, without achieving a clear trend in recent dates. In reference to the volatility of the last week, it is higher than the data achieved for the last year (12.16%), indicating that it is showing a more unstable behavior.

In the annual photo, the euro was paid at a maximum of 8.80 quetzals, while its lowest level was 8.17 quetzals. The euro is closer to its minimum value than to the maximum.

Guatemalan

The quetzal is the legal tender used in Guatemala and was created when the Monetary Law enacted in 1924 was issued, when then-President José María Orellana ordered the replacement of the Guatemalan peso.

The Guatemalan currency is currently divided into one hundred cents and was initially worth 10 cents above the US dollar until in 1980 it fell to par, recovering months later.

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

The body in charge of regulating the creation of the currency is the Bank of Guatemala, and today coins of 5, 10, 25 and 50 cents of quetzal and 1 quetzal are known, while 1, 5, 10, 20, 50, 100 and 200 quetzals circulate in banknotes.

In its attempts to reduce the production costs of coins, the administration has sought to introduce coins with different materials such as opting for steel instead of nickel or brass-plated steel.

According to official figures, the Guatemalan government has assured that the Gross Domestic Product (GDP) grew by 7.5% at the end of 2021, a growth not seen for 40 years.

On the other hand, the International Monetary Fund (IMF) expects that by 2022 the Guatemalan economy will continue with a favorable performance driven in part by foreign trade, remittances from the United States and a considerable drop in inflation.

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