Dollar opening value in Guatemala on March 23 USD to GTQ

The US dollar is trading at the opening at 7.68 quetzals on average, which was up 2.12% compared to the previous day's price, when it closed with 7.52 quetzals on average.

Compared to last week's profitability, the US dollar registered an increase of 2.03%, so in year-on-year terms it still accumulates a rise of 1.64%. In relation to previous dates, he accumulates two successive days of earnings. With regard to the volatility of recent days, it presents a balance that is clearly higher than the volatility reflected in the figures of the last year, so that it shows greater variations than the general trend in value.

In the annual photo, the US dollar has even changed by a high of 7.72 quetzals on average, while its lowest level has been 7.48 quetzals on average. The US dollar is placed closer to its value than to the minimum.

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 production 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 prices of coins, the government 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 positive performance driven in part by foreign trade, remittances from the United States and a considerable drop in inflation.

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Agencies