Converting from Croatian Kuna (HRK) to Guatemala Quetzal (GTQ)

What is Croatian Kuna (HRK)

The Croatian Kuna (HRK) is the official currency of Croatia. It was introduced in 1994, replacing the Croatian dinar at a rate of 1 Kuna = 1,000 dinars. The name "Kuna" means "marten," a small fur-bearing animal that was historically used in trade and barter in the region.

The Kuna is divided into 100 lipa, which is the subunit of the currency. Although coins are available in various denominations, commonly used ones include 1, 2, 5, 10, 20, and 50 lipa, along with 1, 2, 5, and 25 Kuna coins. Paper bills come in denominations of 10, 20, 50, 100, 200, 500, and 1,000 Kuna, each depicting significant figures from Croatian history.

The Kuna has been stable in value since its introduction, partially due to Croatia's growing economy and its aspirations to join the European Union. The Croatian National Bank supervises the currency, managing exchange rates and maintaining monetary stability. As Croatia transitions to the Euro in the near future, the Kuna's relevance will gradually diminish, making it essential for both locals and travelers to stay updated on conversion rates.

What is Guatemala Quetzal (GTQ)

The Guatemala Quetzal (GTQ) is the official currency of Guatemala, named after the national bird, the quetzal, which is also a symbol of freedom and beauty in the country. This currency was officially introduced in 1925, replacing the Guatemalan peso at a fixed rate of 1 Quetzal to 1 Peso.

Similar to the Kuna, the Quetzal is divided into 100 centavos. It mainly circulates in both coin and paper form. The coins available come in 1, 5, 10, 25, and 50 centavos, as well as 1 and 5 Quetzales. Banknotes are issued in higher denominations, including 1, 5, 10, 20, 50, and 100 Quetzales. Each bill features prominent Guatemalan figures and images that represent the country's cultural heritage.

The Central Bank of Guatemala oversees the Quetzal, ensuring that monetary policy is in tune with the national economy. The exchange rate of the Quetzal can fluctuate against other currencies, affected by factors like inflation, trade balances, and foreign investment.

When converting currencies, it’s essential to check the most current exchange rates for accurate conversions. As of now, you may encounter rates such as:

1 HRK ≈ 1 GTQ

Remember that these rates change frequently and can vary depending on the source and fees applied by currency exchanges. If you are planning to convert Croatian Kuna to Guatemala Quetzal, it is advisable to use reputable exchange services or banks for liquidity and accurate rates.