The British pound sterling is the official currency of the United Kingdom and the fourth most traded currency in the world. Unlike the majority of EU countries, the UK didn’t adopt the euro in 1999, and the pound continues to be an important currency benchmark for many nations.
Sub unit symbol:
£1, £5, £10, £20, £50, £100
1p, 2p, 3p, 4p, 5p, 10p, 20p, 25p, 50p, £1, £2
The quetzal is the currency of Guatemala. It’s one of the poorest countries in Latin America, with over half of the population living below the poverty line. The quetzal is pegged to the US dollar.
Pound Sterling to the Guatemalan Quetzal for the last 10 years
1 GBP =
How does the US dollar trade against the Guatemalan quetzal historically?
The Guatemalan quetzal has a history of instability due to high poverty levels in Guatemala. Until 1987, the quetzal was pegged to and domestically equal to the US dollar. Fluctuations in the US economy were mirrored in the value of the GTQ. In 1987, the GTQ cut ties with the USD, and since that time, the stability of the Guatemalan economy has steadily increased with government subsidized exports.
As a result, the GTQ is projected to continue rising, but the USD still holds significant strength against the quetzal.
Pound Sterling to the Guatemalan Quetzal for the last 10 months
1 GBP =
Pound Sterling to the Guatemalan Quetzal for the last 10 days
1 GBP =
What affects USD > GTQ exchange rates?
Factors that affect how any currency trades against another are sociopolitical atmosphere, prices and inflation rates, foreign trade and monetary policy and export-to-import price ratios.Less aggressive factors are consumer confidence about the economy and economic growth, the strength of other currencies, investor speculation and day-to-day news about natural disasters, elections and new government policies.
If you want to predict where the currencies are headed, consider this fact: The value of a currency is heavily related to the strength of its country’s economy.
Send money from the UK to Guatemala
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Market rate for common transfer amounts GBP to GTQ
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
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