Guatemala: Euro closes today, EUR to GTQ on March 15

On the

last day, the euro was paid at the closing price of 8.41 quetzal, which meant an increase of 1.44% compared to the previous day's figure when trading at 8.29 quetzal.

Compared to profitability in the last 7 days, the euro increased by 2.56%, but on the contrary, last year it still decreased by 8.75%. If we compare this figure with the figures of the previous day, we turned the table in relation to the previous day, when a 1.13% decrease was recorded, without achieving a clear trend from the recent date, indicating that it is showing a more unstable behavior, higher than the data achieved last year (12.16%) in relation to the volatility of the previous week.

In the

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

The h2Guatemalan/h2 quetzal quetzal is a legal tender used in Guatemala and was created when the monetary law enacted in 1924 was issued, and then President José Maria Orellana ordered the replacement of the Guatemalan peso.

The

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.

order to reduce the production cost of coins, the administration tried 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