Closing value of the dollar in Honduras this June 13 from USD to HNL

Closing value of the dollar in Honduras this June 13 from USD to HNL
Closing value of the dollar in Honduras this June 13 from USD to HNL

USD/HNL is used to distinguish the dollar rate against the Honduran lempira. (Infobae)

In the last session the American dollar was negotiated at closing 24.67 lempiras on averagewhich represented a change of 0.07% when compared to the 24.65 lempiras of the previous day.

Taking into account the last week, the American dollar accumulates an increase of 0.03%%so that in the last year there is still an increase in 0.47%.

In relation to previous days, it added three consecutive sessions in positive values. In the last week the volatility was 8.48%, which is a figure clearly lower than the annual volatility figure (17.07%), therefore in this last phase it is trending less changes than expected.

Since 1931, the lempira has been the legal currency in Honduras., uses the abbreviation HNL and is divided into 100 cents; Furthermore, 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 entity Banco Atlántida. It was in 1932 when 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 to one US dollar, but In 2005 the exchange rate depreciated up to 18.04 HNL per dollar (22.16 HNL per euro).

As for its name, the lempira is named in honor of the Lempira chief 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. Coins of 5, 10, 20 and 50 cents are currently in circulation, as well as bills 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 included the Braille system and special bars for people with visual disabilities, in addition to the possible creation of inorganic banknotes.

In 2018 and 2019, the Gross Domestic Product (GDP) managed to grow 3.7% and 2.7% respectively, but after the arrival of the coronavirus pandemic and the impact of category four hurricanes Eta and Iotathe economy took a sharp 9% drop, while incomes and jobs also fell.

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