In the last session the euro quoted at closing 26.42 lempiras on averageso that it implied a change of 0.68% compared to the data from the previous day, which was 26.60 lempiras.
In the last seven days, the euro accumulates a decrease in 0.61%% although, on the contrary, since a year ago there has still been an increase in 0.96%.
Regarding the changes of this day compared to previous days, the price of the previous day reversed, where it marked an increase of 0.02%, without being able to establish a recently defined trend. In reference to the volatility of the last week, it was 10.22%, which is a figure visibly lower than the annual volatility figure (15.94%), which indicates that its price is presenting less variations than expected lately.
The lempira has been the legal currency in Honduras since 1931., 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 not until 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).
The name of the currency comes 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.
