Euro: opening price today, March 22 in Honduras

At the beginning of the day, the euro was trading at the open at 26.86 lempiras on average, representing an increase of 1.13% compared to 26.55 lempiras on average the previous day.

If we consider the data for the last seven days, the euro registered a rise of 1.38%; but in the last year it still continues to fall by 6.79%. If we compare the data with previous days, it reverses the result of the previous day, in which it obtained a decrease of 0.36%, showing that it is not able to set a stable trend in recent days. The volatility figure is 8.31%, which is lower than the annual volatility figure (9.48%), showing itself as a value with fewer changes than usual in recent times.

In the annual photo, the euro has reached a maximum of 28.06 lempiras on average, while its lowest level was 26.12 lempiras on average. The euro is closer to its minimum than its maximum.

The Honduran currency

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, production 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 until 1932 that Congress finally gave the green light to 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 also had the braille system and special bars intended 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 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 appreciation of corruption among Hondurans in their country is very high.

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