Honduras: closing price of the euro today October 5 from EUR to HNL

The euro is one of the currencies with the most demand in Honduras. (Infobae)
The euro is one of the currencies with the most demand in Honduras. (Infobae)

He euro quoted at closing 25.97 lempiras on averagewhich implied a change of 0.69% compared to the 25.80 lempiras on average of the previous day.

In reference to the profitability of the last week, the euro registers a drop in 0.07%so in year-on-year terms there is still a drop in 2.33%.

Analyzing this data with that of previous days, it chained three consecutive dates in ascendancy. The volatility figure presented a behavior visibly lower than the volatility shown in the last year’s figures, showing itself as a value with less variations than expected recently.

The lempira has been the legal currency in Honduras since 1931., uses the abbreviation HNL and is divided into 100 cents; Furthermore, production 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 comes in honor of the Lempira chief of the Lenca people, an indigenous leader who defended his territory after the Spanish invasion, and 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.

In the last two years The Honduran economy showed signs of improvementwhile there was also a government change at the beginning of 2022 that has caused the Economic Commission for Latin America and the Caribbean (ECLAC) to project growth of up to 3.3% for 2023.

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