Last day the euro was paid at the close to 26.86 lempiras, which represented an increase of 0.94% compared to the previous day's price, when it stood at 26.61 lempiras.
If we consider the data for the last week, the euro registered an increase of 1.32%; however, for a year now it has still accumulated a decline of 6.72%. Compared to past days, it reversed the value of the previous day, which resulted in a decrease of 0.07%, demonstrating that it is unable to establish a trend in recent days. In the last week, volatility showed a lower balance than the volatility shown in the last year's data, presenting itself as a value with fewer variations than expected in recent dates.
In the last year, the euro changed by a high of 28.06 lempiras, while its lowest level was 26.12 lempiras. The euro is closer to its minimum value than to the maximum.
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 circulation 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 in 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).
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 coronavirus pandemic, closed 2021 with an inflation rate of 5.32% due to rising food prices, a range above what was expected by national authorities.
Onthe 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 appreciation of corruption among Hondurans in their country is very high.
Agencies
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