Converting from Guatemala Quetzal (GTQ) to Israeli Shekel (ILS)

What is Guatemala Quetzal (GTQ)

The Guatemala Quetzal (GTQ) is the official currency of Guatemala, a country located in Central America. It was introduced in 1925, replacing the Guatemalan peso at a rate of one quetzal for one peso. The currency is named after the quetzal bird, a colorful and symbolic bird native to the region.

The quetzal is subdivided into 100 centavos. The symbol for the quetzal is Q, and it is denoted internationally by the currency code GTQ. The Guatemala Central Bank (Banco de Guatemala) is responsible for issuing the quetzal and regulating its value.

The quetzal features various denominations, including coins and banknotes. Coins are available in 1, 5, 10, and 25 centavos, as well as Q1, Q5, Q10, and Q25. Banknotes come in higher denominations of Q50, Q100, Q200, and Q500. The design of these currencies often highlights Guatemala’s rich cultural heritage, as well as its native flora and fauna.

In recent years, the value of the quetzal has been relatively stable compared to other currencies, but it can fluctuate due to economic conditions in Guatemala and the wider global market.

What is Israeli Shekel (ILS)

The Israeli Shekel (ILS), also known as the New Israeli Shekel (NIS), is the official currency of Israel. The New Shekel was introduced in 1985, replacing the old shekel at a rate of 1,000 to 1. The currency received its name from the ancient Hebrew word "sheqel," which referred to a unit of weight and currency in ancient times.

The Israeli Shekel is further divided into 100 agorot, with the symbol for the shekel being ₪ and the currency code ILS. The Bank of Israel is responsible for all aspects of managing the currency, including issuance and regulations.

Similar to the quetzal, the shekel comes in various denominations, including coins and banknotes. Coins are available in 10 agorot, 50 agorot, and 1, 2, 5, and 10 shekels. Banknotes are issued in denominations of 20, 50, 100, and 200 shekels. The imagery on these banknotes often features prominent figures in Israeli history and significant national symbols.

The value of the Israeli Shekel can be influenced by various factors such as economic performance, political stability, and global market trends. It is known for its relative strength and is widely used in the region.

Converting GTQ to ILS

When converting Guatemala Quetzal (GTQ) to Israeli Shekel (ILS), it is essential to check the current exchange rate, as it can fluctuate daily. You can find this information through online currency converters or financial institutions. For accurate conversion, you can use the formula:

ILS = GTQ × Exchange Rate

For example, if 1 GTQ equals 0.13 ILS (this is a hypothetical rate), converting 100 GTQ would yield:

100 GTQ × 0.13 ILS/GTQ = 13 ILS

Understanding both currencies is crucial for effective transactions, especially when traveling, trading, or engaging in business between El Salvador and Israel.