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Guatemala

Money & Shopping

Money & Shopping


Money

The local currency is the Quetzal which is named after the national bird, which has ancient and mythic connotations even today. One US dollar is equivalent to 7.61 Quetzales. US dollars are widely accepted and can be exchanged in most small towns. ATMs can be found in the major towns but do not expect to find them in every tourist spot. It is fairly easy to find your self in a town without an ATM or a place to change money.

Do not expect to be able to easily exchange travelers checks to Guatemala. You might find a few places willing to accept checks issued by American Express but all other types are universally turned down. Amazingly even major banks in Guatemala City do not accept VISA travelers checks.

The national currency is Quetzal(es). The rate of change is approximately 7.61 Quetzales for 1 US Dollar and 10.88 for 1 €uro (May 2011). It is common to use dollars in tourist areas. You will most likely have difficulties in changing other currencies than US Dollars, but euros are becoming increasingly common.


Shopping

It is common to bargain for most purchases in the open air market. Though you may be able to bargain in other places, be aware that chain-owned shops have fixed prices (you are no more likely to bargain in a Guatemalan Radio Shack than an American one).

These are some characteristically Guatemalan things you might consider buying here:

  • Ron Zacapa Centenario — Guatemala's prize-winning rum
  • Fabrics and traditional textiles — Traditional Mayan blouses are known as huipiles(whi-peel) and skirts as cortes. Be aware that these are almost always entirely handmade and prices for a high-end huipil may be as high as Q1000.
  • Jade — there is large jade working factory in Antigua, but it is course a very stone.
  • Coffee — touted as one of the best-tasting varieties in the world
  • Cardamom — Guatemala is the largest exporter in the world and Coban is the main centre of this trade.

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