Closing value of the euro in Honduras on March 22 from EUR to HNL

The euro was paid at the close to 26.84 lempiras on average, which represented an increase of 1.07% compared to 26.55 lempiras on average the previous day.

If we consider the data for the past seven days, the euro registered a rise of 1.32%; however, in the last year it still continues to fall by 6.84%. As for the changes of this day compared to previous days, it reversed the price of the previous day, in which it obtained a decrease of 0.36%, showing that it is unable to establish a trend in recent days. The volatility figure is lower than the numbers achieved for the last year (9.48%), presenting itself as a value with fewer changes than the general trend recently indicated.

In the annual photo, the euro has even 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 minimum value than to the maximum.

A battered coin

El 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).

As for its name, it should be noted that the lempira is named after the Lempira chieftain of the Lenca people, 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 creation 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 coronavirus pandemic, closed 2021 with an inflation rate of 5.32% due to rising food prices, a range above what was expected by national authorities.

the other hand, GDP per capita is below the standard of living in relation to 196 other nations, 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 appreciation of corruption among Hondurans in their country is very high.

We recommend: