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Frequently Asked Questions (FAQs) GTQ-EUR

I have previously exchanged Euros to quetzales from Guatemala, what do I do if I have leftover quetzales from Guatemala when I return to Spain? Abrir Respuesta

Calculate from your currency provider if your purchase includesa boy back cover right. This means the ability to return a % of the quetzales from Guatemala of the primary purchase with no extra cost.

If this is not the case, head to our Sell your currency tab, fill in the Guatemalan Quetzal amount you saved (banknotes only, not loose coins) and select your town. We will tell you how many Euros the different currency providers will offer on the day in your city for your leftover quetzales from Guatemala.

Am I obliged to provide any type of document to change quetzales to euros? Abrir Respuesta

Indeed. According to the money laundering prevention regulations, the Spanish foreign currency suppliers will ask you when you change foreign currency to euros (and vice-versa) a valid and current identity document. If you change quetzales to euros at least they will demand from you for your passport or resident´s identity card called DNI or NIE.

Is there a maximum quantity of quetzales from Guatemala that I can change from an online supplier in Spain when I change quetzales from Guatemala to euros? Abrir Respuesta

The average GTQ-EUR currency exhange in Spain of a tourist who exchanges quetzales from Guatemala to euros is generally around the equivalent to seven hundred €.

If you need to sell quetzales from Guatemala for more than 5,999 euros in value, the supervision measures that your travel money provider will apply to you will be reinforced. To rephrase it, they could ask you to prove the origin of your quetzales from Guatemala or your employment contract, etc.

Yet up to the equivalent in quetzales from Guatemala of 5900 euros per calendar quarter, the Spanish foreign currency suppliers do not normally ask you for more than the Spanish ID card (DNI or NIE) to sell quetzales from Guatemala to euros.

How does the GTQ to EUR currency exchange work? Abrir Respuesta

Currency exchange is an activity similar to many others: you have individuals who buy and sell currencies like the Guatemalan Quetzal in exchange for euros to/from a retailer (the one that sells/buys from us quetzales).

If they do not stock enough number of quetzales, they get them from a wholesaler company. The difference between what they have paid for the quetzales and what they charge you when you buy them is the profit margin they get.

Nevertheless, in this currency exchange market, it may be the case that the currency provider or bank will not acquire the notes from a wholesale company, but alternatively gets them from a consumer who comes to Spain with quetzales.

In this case, in addition to obtaining a profit for buying the Guatemalan Quetzal banknotes from this traveller, they impose on you another margin when they offer you the currency. Double win!

When is the best time to change Guatemalan Quetzales to euros in Spain? Abrir Respuesta

There is no better or worse moment to convert Guatemalan Quetzales to euros. All currencies depreciate or appreciate every day based on the other currencies they are measured against.

Therefore, when you try to sell Guatemalan Quetzales for euros, the most recommended thing you can do is carry on a preceding rate comparison on Cambiator.

Is it safe to sell Guatemalan Quetzales to euros online in Spain? Abrir Respuesta

In Spain, travel money providers and some banks are starting to propose online currency exchange services to their customers when you change Guatemalan Quetzales to euros online.

You only have to make an online Guatemalan Quetzal to euro booking. Afterwards select a store of the supplier where to pick the euros from. And the date you will head to the chosen outlet.

Bear in mind that rates vary each day so it will be optimal to order online the same day you will go to the agency.

Is it advisable to order online or click and collect Guatemalan Quetzales for euros in Spain? Abrir Respuesta

Yes, it is. If you need to block the Guatemalan Quetzal to euro price you see on the results page of Cambiator. And also if you want to ensure that the holiday money provider won´t charge you a fee.

In Spain you can fall into the hands of some holiday money providers with bad practices who charge their users an outstanding fee when selling Guatemalan Quetzales to euros directly from their branches without having previously ordered on their online store.

Where to sell and where not to change quetzales to euros in Spain Abrir Respuesta

Generally speaking, we recommend you to sell your travel money in safe locations and where they do not impose on you a commission, in addition to a profit margin. Almost all banks in Spain and some physical currency suppliers will impose on you a currency exchange commission of around 3 per cent, with a minimum (whichever is higher), of six to ten €.

This means that when you change the equivalent of 100 euros from Guatemalan Quetzal to euro, as well as an exchange margin, you will pay a fixed commission of of 6 to 10 euros, since it is a larger amount than the 3 euros fee that would correspond to applying 3% to 100 euros. If you change the equivalent of 600 euros from Guatemalan Quetzal to euro, they would impose a 3% fee. That is eighteen euros, which is higher than the minimum of of 6 to 10 euros.

How will I get the best Guatemalan Quetzal to euro exchange rate today here? Abrir Respuesta

If you wish to sell quetzales from Guatemala for euros you only have to select quetzales from Guatemala in our currency purchase form, tab Sell Currency. Afterwards type in the amount you want to sell and select your location in order to get the nearest currency exchange branch.

Cambiator will display the outcome of the different currency suppliers, ordered from cheaper to more expensive. We will also display the median rate at Spanish high street banks and at the airports (if they buy quetzales from Guatemala).

Where can I change quetzales for euros in Spain today? Abrir Respuesta

In Spain you can change quetzales for euros basically at currency suppliers or at your bank. As a rule of thumb banks charge you a fixed commission ranging between 2.5% and 3% with a minimum of 6 to 10 euros for each travel money you do with them.

This applies when you obtain travel money or when you offer your surplus to euros. This means that if you exchange the equivalent of 100 euros from quetzales to euros, in addition to the Guatemalan Quetzal to euro exchange rate of the day, you will be charged between 6 and 10 extra euros as commission. Currency providers that advertise no commission are more interesting since they do not charge you this commission.

Cambiator shows you the GTQ-EUR exchange prices of the day and sorts them from most to least interesting so that you can choose well where to sell your quetzales to euros.

Other popular currencies

Best rate of the day (change currency to euros)

Dollar
1 USD = 0.904 EUR
Pound
1 GBP = 1.145 EUR
Czech Koruna
1 CZK = 0.037 EUR
Turkish Lira
1 TRY = 0.027 EUR
Swedish Krona
1 SEK = 0.078 EUR
Norwegian Krone
1 NOK = 0.072 EUR
Australian Dollar
1 AUD = 0.578 EUR
Canadian Dollar
1 CAD = 0.653 EUR
Brazilian Reals
1 BRL = 0.172 EUR
Colombian Pesos
1 COP = 0 EUR
See all