The euro traded at the close at 27.01 lempiras on average, which represented a rise of 2.08% compared to 26.46 lempiras on average the previous day.
Compared to the profitability of the last seven days, the euro marked a rise of 1.22%; however, for a year now it has still accumulated a 6.13% decline. Comparing this data with that of previous days, it interrupted with the flat run of quotes of the last two days. The volatility of the last seven days is significantly higher than the data achieved for the last year (9.64%), presenting itself as an asset with greater variations than expected.
In the last year, the euro has reached a maximum of 28.06 lempiras on average, while its lowest level has been 26.12 lempiras on average. The euro is closer to its minimum value than to the maximum.
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 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).
The name of the coin comes in honor of the Lenca chieftain Lempira, 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 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 perception of corruption among Hondurans in their country is very high.
Agencies
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