At the beginning of the day, the US dollar was trading at the open at 24.30 lempiras on average, which meant a rise of 0.29% compared to 24.23 lempiras on average in the previous day.
If we consider the data for the last week, the US dollar accumulated a rise of 0.29%, so that in the last year it still maintains an increase of 1.98%. If we compare the value with previous days, it reverses the price of the previous day, in which it marked a decrease of 0.4%, proving unable to consolidate a stable trend lately. The volatility of the last seven days is significantly lower than the data obtained for the last year (10.74%), which shows that its price is showing less change than expected in recent days.
In the annual photo, the US dollar has even changed by a high of 24.47 lempiras on average, while its lowest level has been 23.99 lempiras on average. The US dollar is positioned closer to its value than to the minimum.
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, 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 in 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).
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 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 SARS-CoV-2 pandemic, closed 2021 with an inflation rate of 5.32% due to rising food 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 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 perception of corruption among Hondurans in their country is very high.
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Agencies