Convert Guatemalan Quetzal to Nigerian Naira
Please provide values below to convert Guatemalan Quetzal [GTQ] to Nigerian Naira [NGN], or Convert Nigerian Naira to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Nigerian Naira
1 GTQ = 0.00501384037359569 NGN
Example: convert 15 GTQ to NGN:
15 GTQ = 15 × 0.00501384037359569 NGN = 0.0752076056039353 NGN
Guatemalan Quetzal to Nigerian Naira Conversion Table
| Guatemalan Quetzal | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.