Honduras: closing price of the dollar today, March 16 of USD to HNL

The US dollar traded at the close at 24.31 lempiras, representing a rise of 0.12% compared to the value of the previous day, when it marked 24.28 lempiras.

If we consider the data for the past seven days, the US dollar registered a decrease of 0.62%; although in the last year it still accumulated a rise of 2.91%. If we compare the figure with previous dates, it reversed the result of the previous day, in which it ended up with a decrease of 0.1%, without being able to set a recent definite trend. The volatility for the last week is visibly lower than the numbers achieved for the last year (10.85%), presenting itself as a value with fewer changes than usual recently.

In the annual photo, the US dollar has reached a maximum of 24.47 lempiras, while its lowest level has been 23.99 lempiras. The US dollar is placed closer to its maximum than its low.

The 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).

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 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 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.

On the 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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