GTQ to MGA

Convert [custom_amount]Guatemalan Quetzal to Malagasy Ariary

[dual_flag country1=”gt” country2=”mg” overlap=”-10%” width=”100%” height=”auto” class=”rounded-flag” style=”border-radius: 50%;” border=”1px solid #000″]

1 GTQ = 597.2075 MGA

Rule of thumb

When you are abroad and you just want to get a quick estimate, use this rule of thumb:

[rule_of_thumb currency1=”GTQ” currency2=”MGA” currency1_name=”Guatemalan Quetzal” currency2_name=”Malagasy Ariary”]

How to convert [custom_amount]Guatemalan Quetzal to Malagasy Ariary

Converting currencies can be done through various channels. Currency exchange services at banks or online platforms offer a straightforward solution—simply input the amount and desired currency. Online converters and ATMs also provide convenient options, while credit cards automatically handle conversions during international transactions.

How much does it cost to convert GTQ to MGA

The cost of converting GTQ to MGA depends on the method chosen. Exchange services may charge fees or offer slightly different rates. Online platforms and ATMs may have transaction fees, and credit cards might include foreign transaction fees. It’s essential to compare options and consider associated costs before deciding on a conversion method.

Guatemalan Quetzal to Malagasy Ariarys conversion rates

1 GTQ597.21 MGA
5 GTQ2,986.04 MGA
10 GTQ5,972.08 MGA
20 GTQ11,944.15 MGA
50 GTQ29,860.38 MGA
100 GTQ59,720.75 MGA
250 GTQ149,301.89 MGA
500 GTQ298,603.77 MGA
1000 GTQ597,207.55 MGA
2000 GTQ1,194,415.09 MGA
5000 GTQ2,986,037.73 MGA
10000 GTQ5,972,075.47 MGA
1 MGA0.00 GTQ
5 MGA0.01 GTQ
10 MGA0.02 GTQ
20 MGA0.03 GTQ
50 MGA0.08 GTQ
100 MGA0.17 GTQ
250 MGA0.42 GTQ
500 MGA0.84 GTQ
1000 MGA1.67 GTQ
2000 MGA3.35 GTQ
5000 MGA8.37 GTQ
10000 MGA16.74 GTQ

Top Currency Pairings for Guatemalan Quetzal

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MGA to GTQ
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GTQ to USD
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GTQ to EUR
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GTQ to GBP
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GTQ to JPY
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GTQ to CAD
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GTQ to AUD
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GTQ to CHF
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GTQ to CNY
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GTQ to MXN
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GTQ to INR
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GTQ to BRL
Looking for another GTQ currency pair?

How to transfer money? And how long does it take?

Peer-to-peer payment apps like Venmo or PayPal offer quick transactions. Wire transfers through banks are an option but can take a few days. Cryptocurrencies, such as Bitcoin or Ethereum, provide a decentralized alternative for transferring funds globally, offering speed and some degree of anonymity.

Look out for exchange scams

Look out forDescription
Unofficial Currency ExchangesStreet individuals and kioks may offer attractive rates and/or give counterfeit currency. Use established offices for safety.
Dynamic Currency ConversionSome ATMs offer less favorable exchange rates. Opt for local currency to avoid extra fees during transactions.
Overcharging at Exchange OfficesTourist-heavy areas may charge higher fees. Compare rates and be aware of additional fees before transactions.
Fake Banknote SwitchBe cautious during exchanges to prevent scammers from switching real currency with counterfeits. Count money carefully.
Inflated CommissionsExchange offices may have hidden fees. Inquire about the total cost, including commissions, before exchanging money.
Always know exactly how the coins and notes from the currency look like. Know or ask about exchange rate and fees beforehand and count your money carefully afterwards. Look at the chart, when was the last price update? Use your calculator to verify.

Currency Information

The GTQ, or Guatemalan Quetzal, is the official currency of Guatemala. It is used as legal tender solely within the borders of Guatemala.

The MGA, or Malagasy Ariary, is the official currency of Madagascar. It is used as legal tender exclusively in Madagascar, making it the sole currency accepted for transactions within the country.

Cost of Living Comparison

When it comes to daily expenses, the cost of groceries and dining out plays a significant role. Here we look at the average weekly cost for basic groceries and dining out at a mid-range restaurant dinner for two people.

LocationWeekly GroceriesDining Out for Two
Guatemala€70€30
Madagascar€#N/A€#N/A
All numbers in Euros for easy comparison.

Keep in mind that these figures are approximations, and actual costs can vary based on specific locations and individual choices.