Guatemala: Euro closing price today, December 18 from EUR to GTQ

In the last session euro Negotiated at closing 8.54 quetzals on averageThis represents a change of 0.21% compared to the number of the previous session, when it recorded 8.52 quetzals on average.

Regarding the past seven days, euro Record an increase in 2.75%so that there is still an increase in the interstitial period 1.58%.

Analyzing this data with the data of the past days, it added two consecutive days positively. The volatility during the last seven days was 16.83%, which is lower than the annual volatility figure (22.76%), which indicates that in this last phase there are fewer changes than the general trend indicates.

he The quetzal is the legal tender used in Guatemala It was established when the Monetary Law was passed in 1924, when then-President José María Orellana ordered the replacement of the Guatemalan peso.

The Guatemalan currency is currently divided into One hundred cents In its early days, its value was 10 cents higher than the US dollar until 1980, when it fell to its equivalent, then recovered months later.

The quetzal is currently equivalent to 7.50 units per US dollar and 9.25 units per euro, thus becoming one of 30 monetary units in Latin America and the world. One of the most stable.

The body responsible for regulating the creation of the currency is the Bank of Guatemala, and today there are coins in denominations of 5, 10, 25 and 50 quetzal cents and 1 quetzal, while banknotes of 1, 5, 10, 20 and 50 are in circulation. 100 and 200 quetzals.

And in his attempts Reducing production prices Among the coins, the administration has sought to offer coins in different materials such as choosing steel instead of nickel or copper-plated steel.

Regarding the economy, in the past three decades in the country Growth was the least volatile in three decades Compared to peer countries and other aspiring countries; At the same time, it managed to keep public debt and budget deficits stable, although this did not translate into reducing poverty and inequality.

Likewise, Guatemala has the fourth highest rate Chronic malnutrition in the world and highest among countries in Latin America and the Caribbean, with large numbers of indigenous and rural populations affected.

According to the latest forecasts from the Economic Commission for Latin America and the Caribbean (ECLAC), Guatemala is expected to grow by approximately 3.3% in 2023.