At the beginning of the day, the euro was trading at 116.71 gourde, which meant a 0.3% increase compared to the 116.36 Gourde the previous day.
Taking into account last week's data, the euro was still up 10.35% last year because it was up 0.03%. Compared to the previous day, this day's fluctuation is a flat trend and stops for two consecutive days. The volatility of the last 7 days shows significantly lower returns than the volatility reflected in last year's figures, so it has been showing a more stable performance than usual in recent years.
In theannual photo, the Euro changed to 117.74 Gourde and the lowest level was 110.40 Gourde. The euro is closer to its maximum than its low.
Haitian
gourde (translated as “province”) is the currency officially used in Haiti, called HGT (HGT), divided into 100 cents, and its distribution is regulated by the Bank of the Republic of Haiti.
Its name is of French origin, but its origin suggests the Spanish currency “gordos”. Some citizens call it “goud”, so it sounds similar to the English word “mood”.
It wascreated in 1813 to replace the nine pounds and currently you can find 5, 10, 20, 50 cents and 1, 10 gourds, but coins of 5, 10 and 20 cents are a minority because they are not used regularly.
Tickets can be found in 10, 20, 25, 50, 100, 250 and 1000 Gourdes. One Haitian Gourde currently corresponds to 0.0097 units of US dollars and 0.0085 euro units.
Throughout history, there were three broadcasts in Gourde, the last one in 1872, which is now in use. In 1912, the currency was fixed to the US dollar, but in 1989 it was released despite the fact that citizens had a place in favor of the Haitian dollar, followed by the second most accepted currency, the US dollar.
Itshould be noted that the demand for the currency is low outside the country, since Haiti is not an exporter because it is a country with a weak economy and relies entirely on the agricultural economy to survive. In addition, the annual budget is financed by 20% in foreign aid.
Meanwhile, Haitian banknotes have chosen images of historical figures such as Marché Valliéres, the famous pedestrian market, and Catherine Flon, a symbol of the Haitian revolution, who sewed the first flag of Haiti in 1803. The coat of arms appears on the back of every coin.
Regarding the economy, the Economic Commission for Latin America and the Caribbean (ECLAC), along with countries such as Suriname and Venezuela, pointed out that Haiti is experiencing chronic inflation, which is partially exacerbated by the coronavirus pandemic.
In addition, over the past year, the country had to face political instability after the assassination of President Jovenel Moise, a wave of violence that occurred in April 2021, a massive earthquake.
Agencies
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