Honduras: dollar opening rate today, March 23 USD to HNL

After the opening of the session, the US dollar was trading at the open at 24.30 lempiras on average, which represented an increase of 0.26% compared to the previous day's price, when it closed with 24.24 lempiras on average.

Compared to last week, the US dollar accumulated a rise of 0.39%, so for a year it has still maintained an increase of 1.99%. Compared to previous days, he chains two days in a row on the rise. As for the volatility of recent dates, it is clearly lower than that accumulated in the last year, so we can say that it is going through a period of greater stability lately.

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.

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 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 grocery prices, a range higher than 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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