Make Payments in GTQ - Guatemalan Quetzal
Pay in Guatemalan Quetzals (GTQ)
Mondial Change allows you to make international payments in GTQ (Guatemalan Quetzal) with ease. Manage your beneficiaries in Guatemalan Quetzal, track your transactions in real-time, and enjoy a secure online platform. We do not charge exchange commissions on your GTQ operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Guatemalan Quetzal (GTQ)
It is currently not possible to receive payments in GTQ.
Do you wish to hedge your exchange risk on the Guatemalan Quetzal (GTQ)? Check our dedicated page for GTQ exchange hedging.
Mondial Change Answers All Your Questions About Payments in Guatemalan Quetzals (GTQ)
What is the timeframe for a GTQ payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Guatemalan Quetzal transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if GTQ payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for a payment in Guatemalan Quetzal (GTQ)?
The fees applied to transfers in Guatemalan Quetzal (GTQ) generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading room. The rate primarily depends on your annual GTQ exchange volume and the number of Guatemalan Quetzal payments made during the year.
Are there minimum or maximum amounts for payments in Guatemalan Quetzal (GTQ)?
Mondial Change and its partners verify that your Guatemalan Quetzal flows are consistent with the data declared during account opening and coherent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Guatemalan Quetzal (GTQ)?
For GTQ payments via the SWIFT network, the following information must be provided at a minimum:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
• Reason for payment
Is it possible to modify a payment in Guatemalan Quetzal (GTQ) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Guatemalan Quetzal (GTQ) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Guatemalan Quetzal (GTQ) cannot be executed?
January 1st: New Year's Day (Año Nuevo)
Variable date: Holy Thursday (Jueves Santo)
Variable date: Good Friday (Viernes Santo)
Variable date: Holy Saturday (Sábado Santo)
May 1st: Labor Day (Día del Trabajo)
June 30th: Army Day (Día del Ejército)
August 15th: Assumption (Asunción de la Virgen)
September 15th: Independence Day (Día de la Independencia)
October 20th: Revolution Day (Día de la Revolución)
November 1st: All Saints' Day (Día de Todos los Santos)
December 24th: Christmas Eve (afternoon holiday)
December 25th: Christmas (Navidad)
December 31st: New Year's Eve (afternoon holiday)
History of the Guatemalan Quetzal
The Quetzal (GTQ) has been the official currency of Guatemala since 1925, in homage to the national bird, a symbol of freedom. It is subdivided into 100 centavos and issued by the Central Bank of Guatemala. The currency replaced the Guatemalan Peso and underwent several monetary decimations before adopting a more stable exchange regime in the 1990s.
Monetary Policy of the Guatemalan Quetzal
The Central Bank of Guatemala (Banco de Guatemala) is responsible for monetary policy. It aims for price stability, inflation control, and the promotion of economic growth. The Quetzal operates under a floating exchange regime, with occasional interventions to contain fluctuations. The tools used include key interest rates, mandatory reserves, and open market operations to ensure macroeconomic stability.
Features of the Guatemalan Quetzal
The Quetzal (GTQ) is not freely convertible on international markets, but it is fully functional for transfers via SWIFT. The banknotes are colorful, featuring distinct cultural and historical motifs of Guatemala, protected by modern security features (holograms, UV inks, embossed printing). The local financial system is well integrated with international standards, facilitating cross-border payments, particularly in the export, tourism, and professional services sectors.