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Definitions from the WebGuatemalan Monetary UnitDescription:The Guatemalan Monetary Unit refers to the official currency used in Guatemala. The Guatemalan monetary unit is the Quetzal (GTQ), which is subdivided into centavos. As the legal tender of Guatemala, the Guatemalan monetary unit plays a vital role in the country's economy. Senses and Usages:Sense 1: CurrencyAs a currency, the Guatemalan monetary unit, Quetzal (GTQ), is used in Guatemala for various transactions, including buying goods and services, paying bills, and conducting financial transactions. Sample Sentence:She exchanged her US dollars for the Guatemalan monetary unit, Quetzal, before traveling to Guatemala. Sense 2: DenominationThe Guatemalan monetary unit refers to the specific denomination of Quetzal coins and banknotes used in Guatemala's monetary system. Sample Sentence:I received some Guatemalan monetary units as change when I paid for my dinner at the restaurant. Sense 3: Conversion RateThe Guatemalan monetary unit is also used to indicate the conversion rate of Quetzal to another currency, such as the US dollar or Euro. This rate determines the value of one monetary unit in relation to another currency. Sample Sentence:The current exchange rate for the Guatemalan monetary unit is 1 GTQ = 0.13 USD. Possible Related Products: | ||||
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