The US dollar traded at the close at 24.30 lempiras on average, up 0.29% compared to 24.23 lempiras on average the previous day.
If we consider the data for the last week, the US dollar accumulated a rise of 0.29%, so that for one year it has still accumulated an increase of 1.98%. Analyzing this data with that of previous days, the meaning of the previous data changed, when it marked a decrease of 0.4%, showing in recent days a lack of stability in the result. As for the volatility of the last few days, it was visibly lower than that accumulated in the last year, showing itself as a value with fewer variations than normal recently.
In the last year, the US dollar has reached a maximum of 24.47 lempiras on average, while its lowest level has been 23.99 lempiras on average. The US dollar is closer to its value than to the minimum.
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 issuance 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 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 grocery prices, a range higher than expected by national authorities.
Onthe 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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Agencies