What was the exchange rate for USD to Quetzal last week?

The exchange rate between the US Dollar (USD) and the Guatemalan Quetzal (GTQ) fluctuates regularly, affecting both individuals and businesses involved in remittance services. Last week, the USD to Quetzal exchange rate showed some volatility, which is not uncommon in the global currency markets. This fluctuation can directly impact the amount recipients receive when money is sent from abroad, especially for families relying on remittances.

For businesses in the remittance sector, understanding these exchange rate movements is crucial to offering competitive and accurate services. Last week's exchange rate allowed senders and recipients to plan their transactions more effectively, with the possibility of sending more or receiving less depending on market conditions.

Keeping up with the current exchange rate is important for remittance companies to ensure their customers are getting the best value for their money. Monitoring the USD to Quetzal rate weekly helps businesses adjust their strategies and offer transparent services that meet the needs of those sending and receiving funds across borders.

How does the value of the Quetzal compare to the US Dollar?

The value of the Quetzal, Guatemala's official currency, is closely linked to the US Dollar due to the country's strong economic ties with the United States. As of recent exchange rates, 1 US Dollar is generally equivalent to around 7.8 Quetzals. This exchange rate fluctuates slightly due to market conditions, but it has remained relatively stable in recent years.

For businesses in the remittance sector, understanding the value of the Quetzal in comparison to the US Dollar is crucial. Many Guatemalans working abroad, especially in the United States, rely on sending money back home. The stable exchange rate allows for predictable remittance transfers, which benefits both the sender and the receiver.

For remittance services, the Quetzal's value against the US Dollar is an important factor in setting competitive exchange rates and fees. With a favorable exchange rate, remittance businesses can offer better deals to customers, ensuring that more money reaches the recipient in Guatemala. This helps strengthen the financial stability of families and communities across the country.

About Panda Remit

Panda Remit is committed to providing global users with more convenient, safe, reliable, and affordable online cross-border remittance services。
International remittance services from more than 30 countries/regions around the world are now available: including Japan, Hong Kong, Europe, the United States, Australia, and other markets, and are recognized and trusted by millions of users around the world.
Visit Panda Remit Official Website or Download PandaRemit App, to learn more about remittance info.