What is the basic unit of currency for Guatemala?

Guatemala, a country located in Central America, has its own currency known as the Quetzal. The Quetzal (GTQ) is the official currency of Guatemala and has been in circulation since the early 1920s.

The name "Quetzal" is derived from the national bird of Guatemala, the Resplendent Quetzal, which holds great cultural significance in the country. Known for its vibrant and colorful feathers, the Quetzal bird represents freedom and prosperity in Guatemalan culture.

The Quetzal currency is divided into denominations of banknotes and coins. Banknotes are available in denominations of 1, 5, 10, 20, 50, and 100 Quetzals, while coins are available in denominations of 1, 5, 10, 25, and 50 centavos, as well as 1 Quetzal.

When visiting Guatemala, it is advisable to exchange your local currency for Quetzals to facilitate your transactions. Currency exchange services are available at airports, banks, and authorized exchange offices throughout the country. It is important to note that while US dollars are widely accepted in some tourist areas, it is still recommended to carry and use the local currency for a smoother experience.

As an international traveler, it is essential to keep in mind the current exchange rates to ensure you receive fair value during your transactions. Currency exchange rates fluctuate daily and can be checked online or at local banks to stay updated.

Furthermore, it's always a good idea to carry a combination of cash and credit/debit cards while in Guatemala. Most major credit cards are accepted in hotels, restaurants, and larger establishments. However, in smaller local shops and markets, cash is often the preferred method of payment.

In conclusion, the basic unit of currency for Guatemala is the Quetzal. Named after the national bird, the Quetzal represents the country's rich cultural heritage. When traveling to Guatemala, it is advisable to exchange your local currency for Quetzals and keep track of the current exchange rates for a seamless experience.

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