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The quetzal was introduced in 1925 during the term of President José María Orellana, whose image appears on the obverse of the one-quetzal bill. It replaced the Guatemalan peso at the rate of 60 pesos = 1 quetzal. [1] Until 1987, the quetzal was pegged to and domestically equal to the United States dollar.
Guatemala: Guatemalan quetzal: Q GTQ ... (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket ...
In 1870, the peso was pegged to the French franc at a rate of 1 peso = 5 francs. However, convertibility was suspended in 1895, and as more pesos were issued as fiat money, the peso's value fell considerably. The peso was replaced by the quetzal in 1925 at the rate of 60 pesos = 1 quetzal. [1]
The peso and the real were only fully retired with the introduction in 1868 of the Spanish peseta, at par with the French franc, and at the rate of $1 = 20 reales = 5 pesetas = 22.5 g of fine silver. 1821–1897 Mexican dollar
The real exchange rate (RER) is the purchasing power of a currency relative to another at current exchange rates and prices. It is the ratio of the number of units of a given country's currency necessary to buy a market basket of goods in the other country, after acquiring the other country's currency in the foreign exchange market, to the ...
The average rate on a 30-year mortgage surged to a 23-year high of nearly 8% in October 2023 and briefly fell to a 2-year low last September, but has been mostly hovering around 7%, according to ...
Guatemala has 14 ecoregions ranging from mangrove forests to both ocean littorals with 5 different ecosystems. Guatemala has 252 listed wetlands, including five lakes, 61 lagoons, 100 rivers, and four swamps. [178] Tikal National Park was the first mixed UNESCO World Heritage Site. Guatemala is a country of distinct fauna. It has some 1246 ...
The Bank of Guatemala (Spanish: Banco de Guatemala) is the central bank of Guatemala. It was established in 1945. Its headquarters is one of the most recognized Brutalist themed architectural structures. Designed by architects José Montes Córdova and Raúl Minondo, the iconic bank stands within the heart of the city's civic center.