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Euro: closing price today December 12 in Guatemala

Before buying euros it is necessary to review the sale price.  (Infobae)
Before buying euros it is necessary to review the sale price. (Infobae)

The euro was negotiated at closing to 8.29 quetzals on averageso that it represented a change of 0.07% with respect to the value of the previous day, when it ended with 8.30 quetzales on average.

Taking into account the last seven days, the euro accumulate a promotion 2.36%; although for a year it still maintains a decrease in the 2.03%.

With respect to previous days, with this data he interrupted the streak that he had in the two previous days. The volatility figure is lower than the data achieved for the last year (19.89%), so it is having a more stable behavior than what the general trend recently indicates.

Guatemalan currency

The Quetzal is the legal tender used in Guatemala and it was founded when the Monetary Law promulgated in 1924 was issued, when the then President José María Orellana ordered the substitution of the Guatemalan peso.

Guatemalan currency is currently divided into one hundred cents and in its beginnings it had a value of 10 cents above the US dollar until in 1980 it fell at par, recovering months later.

Currently, the quetzal is equivalent to 7.50 units per US dollar and 9.25 units per euro, thus becoming one of the 30 monetary units of Latin America and the world to be one of the most invariable.

The agency in charge of regulating the production of currency is the Banco de Guatemala and today there are coins of 5, 10, 25 and 50 cents of quetzal and 1 quetzal, while in bills of 1, 5, 10 , 20, 50, 100 and 200 quetzales.

In his attempts to reduce production costs Of the coins, the government has sought to introduce coins with different materials such as opting for steel instead of nickel or brass-plated steel.

According to official figures, in economic matters, the Guatemalan government has assured that the Gross Domestic Product (GDP) grew by 7.5% at the end of 2021, a growth not seen for 40 years.

On the other hand, the International Monetary Fund (IMF) foresees that by 2022 the Guatemalan economy continue with positive performance driven in part by foreign trade, remittances from the United States and a considerable drop in inflation.

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