He American dollar was paid at closing to 24.70 lempiras on averageso that it represented a change of 1.89% compared to the value of the previous day, when it closed with 24.24 lempiras.
In the last seven days, the American dollar accumulates a promotion of 0.37%%which is why in the last year there is still an increase in 2.53%.
Regarding the changes of this day with respect to previous dates, it interrupted the negative streak of market prices of the last three sessions. In the last week, volatility was slightly higher than that accumulated in the last year, which shows that it is going through a phase of instability.
The lempira has been the legal currency in Honduras since 1931., uses the abbreviation HNL and is divided into 100 cents; Furthermore, its issuance 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.
