After the opening of markets the American dollar is quoted at the beginning of operations at 24.69 lempiras on averagewhich implied a change of 0.31% compared to the previous day’s data, which was 24.61 lempiras.
In relation to the last week, the American dollar notes an increase in 0.23%%so that in year-on-year terms it still maintains an increase in 0.63%.
Analyzing this data with that of previous dates, it reverses the data from the previous session, when it ended with a drop of 1.58%, showing in recent dates a lack of stability in the results. The volatility figure is 15.64%, which is a figure somewhat lower than the annual volatility figure (17.06%), so its price is showing less alterations than the general trend indicates 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 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).
The name of the currency has its origin 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 printing 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.
