Closing value of the euro in Honduras on March 21 from EUR to HNL

On the last day, the euro traded at the close at 26.82 lempiras on average, an increase of 0.71% compared to the previous day's figure, when it closed with 26.63 lempiras on average.

Taking into account last week, the euro accumulated an increase of 0.76%; but for a year now it has still accumulated a decline of 6.92%. Comparing this data with that of days gone by, he chained three successive dates in green. As for the volatility of recent dates, it is visibly lower than the numbers achieved for the last year (9.46%), so we can say that it is going through a period of greater stability in recent days.

In the last year, the euro has changed by a high of 28.06 lempiras on average, while its lowest level has been 26.12 lempiras on average. The euro is positioned closer to its low than its maximum.

Honduran Lempira

The lempira has been the currency in legal use in Honduras since 1931, whose abbreviation is HNL and is divided into 100 cents; in addition, its circulation is regulated by the Central Bank.

Before 1930, the official currency was the Honduran peso and it had been founded by the private banking institution in Banco Atlántida. It was in 1932 that Congress finally approved the creation of the currency, which remained in the hands of the Central Bank (after its founding in 1950).

At that time the exchange rate was two lempiras for one US dollar, but in 2005 the exchange rate depreciated to HNL 18.04 per dollar (22.16 HNL per euro).

The name of the coin comes in honor of the Lenca chieftain Lempira, an indigenous leader who defended his territory after the Spanish invasion, it also appears on banknotes and a couple of coins.

Currently, coins of 5, 10, 20 and 50 cents are circulating, as well as notes of 1, 2, 5, 10, 20, 50, 100 and 500 lempiras.

In 2013, the Central Bank of Honduras approved the printing of 315 million banknotes that included the braille system and special bars for the visually impaired, in addition to the possible creation of inorganic banknotes.

Honduras, also hit by the COVID-19 pandemic, closed 2021 with an inflation rate of 5.32% due to rising grocery prices, a range higher than expected by national authorities.

the other hand, GDP per capita is below the standard of living in relation to 196 other countries, and it ranks 121st out of 190 in the ranking of Doing Business for Doing Business.

As for the Public Sector Corruption Perception Index in Honduras, it has been 24 points, so the perception of corruption among Hondurans in their country is very high.

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