Dollar: Today's March 17 Haitian market price

After the opening of the session, the US dollar was trading at 103.19 Gourde, which meant a 2.19% drop compared to the previous day's price of 105.50 Gourde.

Although the US dollar has decreased by 0.78% compared to the last 7 days, it still rose 16.19% over the course of the year. Analyzing this data with the data of the previous day, the two-day positive trend ends. The volatility over the past few days was 18.82%, which is somewhat higher than the annual volatility figure (17.19%), which shows a greater change than the general value trend.

annual photo, the US dollar changed to 105.64 Gourde and the lowest level was 97.87 Gourde. The US dollar is located closer to its value than its lowest.

fragile Haitian

Gourde la Gourde (translated as “province”) is an officially used currency in Haiti, abbreviated as HGT, divided into 100 cents, and its printing is regulated by the Bank of the Republic of Haiti.

Its name is of French origin, but its origin means the Spanish currency “gordos”. Some citizens call it “goud”, so it sounds similar to the English word “mood”.

Introduced in 1813 to replace the nine pounds, it can now be found in 5, 10, 20, 50 cents and 1, 10 gourdes, but coins of 5, 10 and 20 cents are a minority because they are not used regularly.

Tickets include 10, 20, 25, 50, 100, 250 and 1000 gourdes. One Haitian gourde is currently equivalent to 0.0097 units of US dollars and 0.0085 euro units.

Throughout history, there were three broadcasts in Gourde, the last one in 1872, which is now in use. In 1912, the currency was fixed to the US dollar, but in 1989 it was released despite the fact that citizens had a place in favor of the Haitian dollar, followed by the second most accepted currency, the US dollar.

should be noted that since Haiti is a country with a weak economy, it is not an exporter and relies entirely on agriculture to survive, so the demand for the currency is low outside the country. In addition, the annual budget is financed by 20% in foreign aid.

Meanwhile, Haitian banknotes have chosen images of historical figures such as Marché Valliéres, the famous pedestrian market, and Catherine Flon, a symbol of the Haitian revolution, who sewed the first flag of Haiti in 1803. The coat of arms appears on the back of every coin.

Regarding the economy, the Economic Commission for Latin America and the Caribbean (ECLAC), along with countries such as Suriname and Venezuela, pointed out that Haiti is experiencing chronic inflation, which is partially exacerbated by the coronavirus pandemic.

In addition, over the past year, the country had to face political instability after the assassination of President Jovenel Moise, a wave of violence that occurred in April 2021, a massive earthquake.

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