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Currency history

Guatemalan quetzal

Dates in use
Still in use; introduction date not established here
Currency code
GTQ
Ancestry branch
Spanish real / peso

Its place in the family

All ancestors and descendants ↗
Guatemalan quetzal: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN Guatemalan pesoGuatemalan peso 1924–1926 · DocumentedDocumented connection · 1924–1926 Guatemalan quetzalGuatemalan quetzal GTQ No successor is established here.

Parents 1

Guatemalan quetzal

This currency

Children 0

No successor is established here.

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The story

The issuer states that the November 1924 monetary law created the quetzal as a gold-standard monetary unit. [1]

Turning points

Currency replacement

The quetzal replaced the Guatemalan peso at sixty pesos per quetzal. [2]

Initially valued at

The new quetzal was defined as equal to one US dollar at its creation. Founding unit definition, not inference from a later exchange-rate peg. [3]

Changing monetary anchors

United States dollar · 1924–1925 · unit adoption event
1 GTQ = 1 USD at reform; 60 local pesos = 1 GTQ. Terms and evidence ↗

Sources and evidence

  1. Banco de Guatemala · Reseña histórica
  2. Banco de Guatemala · Reseña histórica de la moneda de Guatemala
  3. Banco de Guatemala · Reseña histórica de la moneda de Guatemala

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Cite this page

“Guatemalan quetzal.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/FTM000075.html

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