The Guatemalan monetary unit is also known as the Guatemalan quetzal, which is the official currency of Guatemala. This monetary unit is named after the national bird of Guatemala, the quetzal, which is a symbol of freedom and pride. Along with quetzal, there are few other synonyms for the Guatemalan monetary unit. These include Guatemalan peso, Guatemalan dollar, and Guatemalan centavo. However, these synonyms are not commonly used, and the primary term used to refer to the Guatemalan monetary unit is the quetzal. The quetzal is divided into 100 centavos, and it is used as a legal tender for all transactions in Guatemala.