USD/HNL is used to differentiate the dollar rate from the Honduran lempira. (Infobae)
He American dollar is quoted at the beginning of the day 24.61 Lempira on averagewhich was an insignificant deviation compared to the previous day’s average of 24.61 lempiras.
Taking into account last week, the American dollar accumulates an increase of 0.25%so that there has still been an increase for a year 1.66%.
Compared to previous dates, two consecutive sessions are added without any positive or negative trend. Last week’s volatility is significantly lower than the volatility accumulated over the last year and represents a value with less change than the general trend of late would suggest.
The lempira has been the legal currency in Honduras since 1931., uses the abbreviation 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 was founded by the private bank Banco Atlántida. It was not until 1932 that Congress finally approved the creation of the currency, which remained in the hands of the central bank (after its creation in 1950).
At that time the exchange rate was two lempiras to one US dollar, but In 2005 the exchange rate depreciated up to 18.04 HNL per dollar (22.16 HNL per euro).
The name Lempira is named after the Lempira chief of the Lenca people, an indigenous leader who defended his territory after the Spanish invasion. He also appears on banknotes and some coins. Coins in denominations of 5, 10, 20 and 50 cents as well as notes in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 Lempira are currently in circulation.
In 2013, the Central Bank of Honduras approved the printing of 315 million banknotes incorporating the Braille system and special bars for people with visual impairments, in addition to the possible production of inorganic banknotes.
In 2018 and 2019, the gross domestic product (GDP) grew by 3.7% and 2.7%, respectively, but after that the arrival of the coronavirus pandemic and the impact of category four hurricanes Eta and IotaThe economy suffered a drastic drop of 9%, while incomes and jobs also fell.
In the last two years The Honduran economy showed signs of improvementThere was also a change of government at the beginning of 2022, which led the Economic Commission for Latin America and the Caribbean (ECLAC) to forecast growth of up to 3.3% for 2023.