What is the currency of Guatemala? What is the exchange rate? Where should I change my currency? Can I use a debit card or credit card? Should I bring travelers checks?
Guatemala’s local currency is the “Guatemalan Quetzal” (GTQ). Dollars can be changed at the exchange houses in the airport. Many businesses accept dollars at the current exchange rate. ATM machines are available in various regions throughout Guatemala, especially Guatemala City and the airport where the option of US dollars or the Quetzal is often available.
Do not arrive in Guatemala without any cash as ATM machines can be down or fail to accept your card. It is wise to check with your bank ahead of time to confirm that your card will work overseas. Debit cards and credit cards are becoming more acceptable at major stores; however, they are still not accepted as widely as in your home country.
Credit card fraud is an issue in Guatemala. Do not use your cards at any smaller or non-reputable locations. Information is often stolen and used fraudulently just by paying with a credit card. For this reason, IFRE suggests cash and travelers checks to settle your bills. You will have trouble actually paying with traveler's checks, but you will be able to exchange them at local banks. Traveler's Checks are recommended as a safe way to carry money with you, make sure you write down the check numbers and contact information you need to cancel stolen checks. Different brands of traveler's checks work better in different countries so consult your local financial institution regarding which Traveler’s Checks to bring to Thailand.
How much money you bring depends on your personal spending habits. Thrifty people can get by on less than $10/day. Your budget should also include money to explore Thailand in free time as well as for your personal use. A good rule of thumb for money management is the 1/3 method, bring 1/3 cash, 1/3 traveler's check and leave 1/3 of your money in your account - plus a credit card for emergencies.
The mission of IFRE Volunteers is to offer the most affordable as well as the highest quality volunteer and humanitarian abroad experiences - enabling us to make a contribution for all of humanity in its quest to make the world a better place. Through our volunteer and humanitarian trips abroad, we aim to spread love and compassion worldwide while improving the lives of destitute children and less-fortunate communities. We at IFRE also seek sustainable solutions in the fields of education, healthcare, conservation efforts and development issues through international volunteering.
