Convert Guatemalan Quetzal to Cape Verdean Escudo
Please provide values below to convert Guatemalan Quetzal [GTQ] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Cape Verdean Escudo
1 GTQ = 0.0816564295115212 CVE
Example: convert 15 GTQ to CVE:
15 GTQ = 15 × 0.0816564295115212 CVE = 1.22484644267282 CVE
Guatemalan Quetzal to Cape Verdean Escudo Conversion Table
| Guatemalan Quetzal | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.