GTQ

DEFINITION of 'GTQ'

The currency abbreviation for the Guatemalan quetzal. GTQ is named for the country's native national bird, the "resplendent quetzal". The quetzal replaced the peso in 1925.

BREAKING DOWN 'GTQ'

The Guatemalan quetzal was pegged first to the French franc and the gold standard before switching to the U.S. dollar (against which it is now pegged). Quetzal coins are minted in 1, 5, 10, 25 and 50 centavos (subunits) and 1 quetzal denominations; banknotes are printed in 1, 5, 10, 20, 50 and 100 quetzal denominations. The national Bank of Guatemala has administered the quetzal currency since 1946.

RELATED TERMS
  1. MXN

    In the currency market, this is the abbreviation for the Mexican ...
  2. DOP

    The currency abbreviation for the Dominican Republic's only official ...
  3. UYU (Uruguayan Peso)

    The currency abbreviation for the Uruguayan peso (UYU), the currency ...
  4. PHP (Philippine Peso)

    The currency abbreviation or currency symbol for the Philippine ...
  5. ARS (Argentinian Nuevo peso)

    The currency abbreviation, or currency symbol, for the Argentinian ...
  6. NZD

    In the currency market, this is the abbreviation for the New ...
Related Articles
  1. Term

    How Does a Currency Peg Work?

    When a government initiates a currency peg, it pegs its currency’s value to that of another country.
  2. Forex Fundamentals

    The Pros And Cons Of A Pegged Exchange Rate

    A pegged exchange rate occurs when one country fixes its currency’s value to the value of another country’s currency. But it has both pros and cons.
  3. Forex Education

    Why Greece, Oil and China Affect the Mexican Peso

    Discover how oil, Greece and China have all played a part in the rapid devaluation of the Mexican peso compared to other currencies.
  4. Forex Education

    Dollarization Explained

    Find out how fledgling economies can find some stability in their currency and attract foreign investment.
  5. Forex Education

    4 Of The Most Popular Traded Currencies

    Every day, trillions of dollars trade in the forex market. Here are a few of the most popular currencies, and some characteristics for each.
  6. Personal Finance

    10 Things You Probably Didn't Know About The Money In Your Wallet

    Here are some fun and interesting facts about the money that you use on a day-to-day basis.
  7. Forex Education

    The 6 Most-Traded Currencies And Why They're So Popular

    Every currency has specific features that affect its underlying value and price movements in the forex market.
  8. Economics

    The Go-To Currency In 50 Years

    Discover why the euro will likely become heir to the currency throne.
  9. Forex Education

    Forex Investing: How To Capture Commodity Fluctuations

    For individual or retail investors looking to gain exposure to hot commodity trends, the foreign exchange markets provide the answer.
  10. Forex Fundamentals

    3 Reasons The Mexican Peso Is So Liquid (MXN, USD)

    Mexico's vast petroleum reserves and close proximity to the United States add considerable liquidity to the Mexican peso.
RELATED FAQS
  1. What is foreign exchange?

    Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's ... Read Answer >>
  2. What is the difference between a nation's current account deficit and its currency ...

    Learn the respective meanings of the two terms, current account deficit and currency valuation, and understand the relationship ... Read Answer >>
  3. When and why did the euro make its debut as a currency?

    On January 1, 1999, the European Union introduced its new currency, the euro. Originally, the euro was an overarching currency ... Read Answer >>
  4. When computing the PEG ratio for a stock, how is a company's earnings growth rate ...

    Remember that the price/earnings to growth ratio (PEG ratio) is simply a given stock's price/earnings ratio (P/E ratio) divided ... Read Answer >>
  5. How does inflation affect the exchange rate between two nations?

    Understand how inflation can affect foreign exchange rates of a currency and how it is just one of many economic factors ... Read Answer >>
  6. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
Hot Definitions
  1. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  2. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  3. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  4. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  5. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  6. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
Trading Center