Euro: closing price today 21 March in Haiti

Last day, the euro traded at 115.94 gourdes on average, which represented an increase of 1.4% compared to the value of the previous day, when it ended with 114.33 gourdes on average.

Compared to last week, the euro marked a decline of 0.37%; but in year-on-year terms it still maintains a rise of 8.52%. Compared to previous dates, it reversed the price of the previous day, when it marked a decrease of 0.5%, without managing to set a definite trend in recent dates. In reference to the volatility of the last week, it is higher than the numbers achieved for the last year (21.64%), presenting itself as an asset with greater variations than expected.

In the annual photo, the euro was paid at a maximum of 117.74 gourdes on average, while its lowest level was 110.40 gourdes on average. The euro is positioned closer to its value than to the minimum.

A fragile Haitian

gourde La gourde (translated as “fat”) is the currency of official use in Haiti and is referred to as HGT, it is also divided into 100 cents and its circulation is regulated by the Bank of the Republic of Haiti.

Although its name comes from French, its origin refers to the Spanish currency called “gordos”; some citizens also call it “goud”, so that it sounds similar to the English word “mood”.

Created in 1813 to replace the old pound, they can currently be found for 5, 10, 20, 50 cents, as well as 1 and 10 gourdes, however, coins of 5, 10 and 20 cents do not maintain regular use, so their use is a minority.

As for tickets, they can be found from 10, 20, 25, 50, 100, 250 and 1000 gourdes. One Haitian gourde is currently equivalent to 0.0097 units of the US dollar, as well as 0.0085 units of euro.

Throughout its history, the gourde has had three broadcasts, the last one in 1872, which is the one that is currently used. In 1912 the currency was pegged to the US dollar, but in 1989 it was untied, despite the fact that today there are places where citizens prefer the use of the Haitian dollar, followed by the US dollar, the second most accepted currency.

It should be noted that demand for the currency is low outside the country, since Haiti is a country with a fragile economy, it is not an exporting nation and is fully dependent on agronomy to survive. In addition, its annual budget is 20 per cent financed by foreign aid.

On the other hand, Haitian banknotes have chosen images of historical figures, such as that of Marché Valliéres, a famous pedestrian market, as well as Catherine Flon, who is a symbol of the Haitian revolution, was the woman who sewed Haiti's first flag in 1803. The coat of arms appears on the back of all coins.

With regard to the economy, the Economic Commission for Latin America and the Caribbean (ECLAC) has pointed out that Haiti, along with countries such as Suriname and Venezuela, is experiencing chronic inflation, partly aggravated by the SARS-CoV-2 pandemic, COVID-19.

In addition, in the past year, the country has also had to face political destabilization following the assassination of President Jovenel Moise, the wave of violence and a major earthquake that occurred in April 2021.

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