Guatemala currency guide for UK travellers

Thinking of heading to Guatemala? 

From bustling markets in Antigua to serene lakeside villages around Atitlán, understanding the currency used in Guatemala is essential for a smooth trip. 

This guide covers everything UK travellers need to know, including current exchange rates, local coins and banknotes, and where (and how) to spend your quetzals for the best value.

What is the official currency of Guatemala?

The official currency of Guatemala is the Guatemalan quetzal (GTQ). 

It replaced the Guatemalan peso in 1925 and is named after the resplendent quetzal bird, the national bird of Guatemala, known for its vibrant tail feathers.  

The quetzal symbolises liberty and appears on banknotes and coins across the country.

Guatemalan quetzal symbol and currency code

You’ll see the quetzal represented by the symbol Q. 

Guatemala currency code is GTQ, and it’s the standard abbreviation used in currency listings. 

For example, you’ll often spot GTQ/GBP rates when planning to buy your Guatemalan quetzal in the UK.

What do Guatemalan coins and banknotes look like?

Guatemalan quetzal banknotes come in Q1, Q5, Q10, Q20, Q50, Q100, and Q200 denominations.

The 50, 100 and 200 quetzal notes are the largest, featuring national heroes and cultural icons.

You’ll also use coins for daily transactions, especially in smaller towns and markets. 

Coins range from 1, 5, 10, 25 and 50 centavos, up to 1 quetzal. 100 centavos equals 1 quetzal. 

It’s common practice for locals to carry a mix of notes and coins to handle various price points.

History of the quetzal

The quetzal was introduced in 1925, replacing the Guatemalan peso as the country’s official currency. 

Initially backed by gold, the quetzal maintained its peg until the 1980s. 

Today, the central bank of Guatemala, Banco de Guatemala, oversees the monetary system and ensures the stability of the GTQ.

Each banknote and coin reflects the country’s diverse history, from portraits of political figures to references to the ancient Mayan civilisation. 

Some denominations feature the quetzal bird, symbolising freedom and national identity across Central America.

For travelers, the artistic details add a cultural layer to everyday transactions, blending heritage with value in your wallet. 

Can I use US dollars in Guatemala?

Yes, the United States dollar is widely accepted in Guatemala, particularly in tourist areas and for larger purchases. 

However, you’ll often get better rates using local money.  

Smaller businesses and restaurants in rural regions may not accept foreign currency, so keeping some cash in quetzals is wise.

What’s the current exchange rate for the Guatemalan quetzal?

Exchange rates fluctuate daily, but as of 9th June 2025, the Guatemala currency exchange rate is approximately GTQ 10 to GBP 1.  

This is a general guide; the Guatemala currency rate you receive can vary depending on where and how you exchange your money.

Before you travel, comparing live rates from trusted sources is smart. 

The Guatemala currency exchange rates offered at UK high-street banks are often less favourable than those offered by online providers or specialist services like Manor FX.

Where can I exchange Guatemalan currency?

Get your travel money with Manor FX. It’s best to get your money exchange sorted before you fly. 

Buying in advance means you’ll lock in a competitive exchange rate, avoid airport kiosks with poor rates, and arrive with spending money in your pocket — ideal for taxis, tips, or your first street-side snack. 

At Manor FX, we offer excellent rates for quetzales and make it easy to buy your Guatemalan currency online. 

When you return, we can convert any leftover Guatemala currency to  GBP. 

If you do wait until arrival to get your travel money, use official banks or trusted currency services. 

ATMs are available in most towns and cities, though some cost money to use. 

Always compare providers, as the currency rates can vary widely.

Whatever you do, avoid exchanging money on the street. Tourist hotspots often come with inflated fees, safety concerns, or even fake notes.

Is it cheaper to use cards or cash in Guatemala?

While major hotels and some restaurants, shops, and tourist businesses accept credit cards and debit cards like Visa and Mastercard, paying with cash is still the norm, especially in rural areas. 

Expect small surcharges or fees for card use. Many travellers withdraw a chunk of cash on arrival and carry a mix for flexibility.

Do I need to notify my bank before travelling?

Yes, alerting your bank can help avoid card blocks due to unexpected foreign transactions. 

Also, check your account for overseas usage fees and daily withdrawal limits. 

Some UK cards waive foreign transaction fees, so compare options if you travel frequently.

What’s the best currency to take to Guatemala?

The best currency to take is the Guatemalan quetzal. 

Bring some dollars as backup, they’re easier to exchange than pounds. 

Quetzals can be spent freely throughout the country and are the only currency accepted in many smaller towns.

How far does $1 go in Guatemala?

In Guatemala, $1 can buy a fresh meal at a local restaurant, a bus ride, or a few coins’ worth of snacks. 

That’s why it’s a favourite among budget travelers. 

The value of your money goes a long way, especially outside the capital.

Where can you use quetzals?

Quetzals can be used for everything: street food, national park entry, public transport, and shopping in local shops. 

Tipping in quetzals is expected in restaurants, and around 10% is the standard practice. 

Keep a mix of denominations in your wallet to make paying easy.

Tips for getting the best value 

• Compare Guatemala quetzal currency exchange rates before buying 
• Avoid airport kiosks – they often have high fees
• Use cards with no overseas fees
• Ask if prices are in quetzals or dollars to avoid confusion
• Keep coins for buses, toilets, and local vendors

Takeaways

Getting your quetzales sorted ahead of your trip to Central America allows you to explore the country’s lakes, jungles, and volcanoes without hassle.  

Whether you’re buying textiles at a market, enjoying dinner at a lakeside restaurant, or taking a boat to a remote village, having the right currency and understanding how it works makes all the difference.

FAQs