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Bank Exchange Rates for Honduran Lempira
Bank Exchange Rates for Honduras - HNL - Honduran Lempira – L. The foreign exchange rates for Honduras also known as the ISO code HNL or the Honduran Lempira currency and as a symbol L.
Coins are available in denominations of 5, 10, 20 and 50 Centavos, and banknotes are available in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 Lempira.
Bank Exchange Rates for Honduras
Send Money Transfer to Honduras . Subdivided into 100 centavos, the lempira was introduced in 1931 and replaced the peso at a ratio of 1:1. In the 1980’s one dollar was equal to 2 Lempira, but recently the lempira has decreased in value and one dollar is now equal to around 22 Lempira.
Currency Rate for Honduras
The Honduran Lempira, also written as HNL under the international currency code and symbolized by L, is the official currency of the Republic of Honduras. It was named after Lempira, a ruler and hero from the 16th century, who led the unsuccessful resistance against the Spanish conquistadors forces. The Lempira was first introduced in 1931 to replace the Peso- the Peso was the former currency of Honduras between 1862 and 1931 and is popular in many former Spanish colonies.
One Lempira is made up of a hundred centavos .The currency is available in both coins (monedas) and bank notes (lempiras) . The current coins in circulation are 5, 10, 20, and 50 centavos. Monedas are minted in cupro nickel.
Currency Rates for Honduran Lempira
The bank notes in circulation are L1, L2, L5, L10, L20, L50, L100 and L500. The bank notes bear the images of former presidents and prominent historical figures including the Lempira on L1, former president Marco Aurelia Soto on L2, former president Francisco Morazan on L5, biographer Ramon Rosa on L500, among other notable people. Monedas and Lempiras are both used on the mainland, but only Lempiras are used in the Bay Islands of Hondurus by the merchants.
Currently, the Lempira is the only accepted local currency in Hondurus, however, the US dollar is also accepted at places like the tourist bay islands, the airport, tourist destinations, shops and hotels. When transacting in US dollars, change is normally given back in Lempiras. Euros, Pesos and other currencies are not accepted in the country.
The Central Bank of Hondurus is responsible for determining the rate of exchange. In the late 1980s, the rate of exchange to the dollar was 2 Lempiras. As of July 2017, the current rate of exchange to the dollar was quoted 23.45 Honduran Lempiras. The reason for the depreciation in currency has been the slow economic growth experienced in the country.
GBP to HNL
The name ‘Lempira’ comes from the cacique lempira, a 16th-century ruler, renowned in folklore for leading the native resistance against the conquistador forces. Bank Exchange Rates for Honduras. The foreign exchange rates for Honduran Lempira also known as the ISO code HNL. Send money transfer online with us with the cheapest options.