This is a foreign exchange guide to Guatemala, the Guatemalan Quetzal currency plus sending GTQ transfers and travel tips.
In this Guatemala currency guide we take a look at :
- Guatemalan Quetzal info - general info about the Guatemalan Quetzal
- Guatemalan Quetzal in the markets - recent GTQ moves and predictions from the FX markets
- Travelling in Guatemala - currency & money saving tips
- Buying Guatemalan Quetzal cash online - travel money for Guatemala
- Sending money to Guatemala - save on Guatemalan Quetzal bank transfers to Guatemala
- Guatemalan Quetzal exchange rates - latest & historic exchange rates.
Guatemalan Quetzal (GTQ) general currency information
What is the Guatemalan Quetzal currency code and symbol?
The three letter currency code for the Guatemalan Quetzal is GTQ and the symbol is Q.
Which countries use the Guatemalan Quetzal?
It is the domestic currency in Guatemala.
Guatemalan Quetzal (GTQ) in the markets
The interactive chart below shows the USD to GTQ exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for Guatemala
There are dozens of historical sites to explore in this country, but there are other charms here as well, such as the colonial city of Antigua, the lively market of Chichicastenango, the incredible ancient ruins of Tikal, and many awesome volcanoes and lakes. All that plus dense jungles, colonial cities, and relatively inexpensive food makes Guatemala one of the best places in the region.
Active souls tend to find their agenda very full once they get to Guatemala. Stunning trekking routes through the jungles and up volcanoes, world-class white-water rafting, miles of caves to explore, and what seems like a zip line strung between every two trees in the country are just the beginning.
What currency should I use in Guatemala?
The US dollar is widely accepted in Guatemala, but it is still recommended to have Guatemalan quetzals on hand at all times. It can be difficult to break larger bills (like Q100) in smaller towns and at local restaurants—for this reason it is always a good idea to keep some smaller bills in your wallet. Guatemala is one of the most affordable countries in Central America. You can travel very cheaply or spend a little more and live in real comfort or luxury. Budget travelers can get by on as little as $20 a day, while $70 a day will allow you to travel reasonably well. In tourism destinations, things tend to be slightly more expensive, although there are usually inexpensive hotels and restaurants as well.
ATMs are available throughout most of Guatemala and are easily accessible for international travelers. ATMs usually charge a fee for foreign credit and debit cards. It’s a good idea to notify your bank in advance and tell them that you’ll be traveling—if they don’t know you’ll be out of the country and see a withdrawal abroad, they may put a hold on your account.
Credit cards are increasingly being accepted throughout Guatemala. Even so, they are still mainly only accepted in larger cities, major tourist destinations, and at upscale hotels, restaurants, and shops. Smaller businesses may charge a fee (usually 7–10 percent) to offset the amount that they are charged by the credit card companies. Visa and MasterCard are the most widely accepted credit cards.
How do you get around in Guatemala?
At present, domestic flights within Guatemala are fairly limited. The only regularly scheduled flights travel between Guatemala City and Flores, with a flight time of about 45 minutes. There are, however, ongoing improvements to many airports around the country – including those at Quetzaltenango, Huehuetenango, Retalhuleu, and Puerto San José. Most flights between Guatemala City and Flores are on small planes, and airfare can be expensive. Even so, domestic flights can be a good option for travelers with a limited timeframe.
Buses go almost everywhere in Guatemala, and the buses will leave you with some of your most vivid memories of the country. Most of them are ancient school buses from the US and Canada. It is not unusual for a local family of five to squeeze into seats that were originally designed for two child-sized bottoms. Many travelers know these vehicles as chicken buses, after the live cargo accompanying many passengers. Some routes, especially between big cities, are served by more comfortable buses with the luxury of one seat per person. The best buses are labeled 'Pullman,' 'especial' or 'primera clase.' Occasionally these may have bathrooms (but don't count on them working), televisions and even food service.
The Caribbean town of Lívingston is only reachable by boat, across the Bahía de Amatique from Puerto Barrios or down the Río Dulce from the town of Río Dulce – both great trips. In Lago de Atitlán fast fiberglass launches zip across the waters between villages – by far the best way to get around.
You can drive in Guatemala with your home-country driver's license or with an International Driving Permit (IDP). Guatemalan driving etiquette will probably be very different from what you're used to back home however.
Travel money for Guatemala
Save money and time by Ordering your Guatemalan Quetzal online from Travelex, you get better rates and can pick up the GTQ cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Guatemalan Quetzal otherwise you may get much worst exchange rates.
Guatemala Trip Checklist
Sending money to Guatemala
When searching around for information on how to get a good exchange rate when sending money to Guatemala you need to start with finding out the latest Guatemalan Quetzal foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Get a better deal for foreign transfers to Guatemala
When sending money to Guatemala it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Guatemalan Quetzal amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted GTQ amount will be transfered to the recipient account you specify in Guatemala.
Use our Send to GTQ calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Guatemalan Quetzal deposited into the recipient bank account and less margins and fees kept by the banks!