The euro is one of the currencies with the greatest demand in Honduras. (Infobae)
On the last day of Euro was negotiated at closing 26.01 Lempira on averagewhich represents a change of 0.02% compared to the previous day’s price, which averaged 26.01 lempiras.
In the last seven days the Euro marks an increase 0.85%; However, there is still a decline year-on-year 0.4%.
Regarding previous days, two consecutive dates were concatenated in green. The volatility in the last week had a significantly lower balance than the volatility in the previous year’s figures and showed itself as a value with recently lower fluctuations than normal.
The Lempira has been the legal currency in Honduras since 1931., uses the abbreviation 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 was founded by the private bank Banco Atlántida. It was not until 1932 that Congress finally gave the green light to the creation of the currency, which (after its creation in 1950) remained in the hands of the central bank.
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 currency’s name comes from the Lempira chief of the Lenca people, an indigenous leader who defended his territory after the Spanish invasion, and it 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 production of 315 million banknotes, which, in addition to the possible production of inorganic banknotes, also included the Braille system and special bars for people with visual impairments.
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.