The Quetzal has been the official currency of Guatemala since 1925, and it's had its fair share of ups and downs. During the 1980s, the Quetzal was pegged to the US dollar, but it's now a floating currency. This means its value can fluctuate, making it a bit more interesting for travelers to keep track of.
In terms of exchange rates, you can expect to get around 7-8 Quetzals for every US dollar. But don't worry too much about the rates - you can always use an ATM or exchange your cash at a local bank. Just be aware that you might get a better rate at a bank than at an airport or tourist exchange office.
Now, let's talk about credit cards - many businesses in Guatemala's major cities accept Visa and Mastercard, but it's still a good idea to have some cash on hand. Especially if you're planning to explore the countryside or visit smaller towns, where credit card acceptance might be limited. And hey, who doesn't love the feeling of paying with cash, anyway?
Money: On the National Currency of Guatemala and Acquiring Cash
