Convert Guatemalan Quetzal to Bermudan Dollar
Please provide values below to convert Guatemalan Quetzal [GTQ] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Bermudan Dollar
1 GTQ = 7.6747 BMD
Example: convert 15 GTQ to BMD:
15 GTQ = 15 × 7.6747 BMD = 115.1205 BMD
Guatemalan Quetzal to Bermudan Dollar Conversion Table
| Guatemalan Quetzal | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.