Home » Stability within the Honduran Lempira: Central Bank Exchange Rate Holds Firm in 2024 Auctions

Stability within the Honduran Lempira: Central Bank Exchange Rate Holds Firm in 2024 Auctions

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Stability within the Honduran Lempira: Central Bank Exchange Rate Holds Firm in 2024 Auctions

The Central Bank of Honduras Maintains Stability in Exchange Rate Against Dollar

The reference alternate fee of the lempira in opposition to the greenback remained steady within the foreign money public sale of the Central Bank of Honduras (BCH) through the first 5 months of 2024, in line with a current report.

From January 2 to May 31 of this yr, the alternate fee devalued barely from 24.6513 to 24.6870, equal to three.57 cents of lempira. In comparability to the identical interval the earlier yr, there was a slight appreciation of two.54 lempira cents, with the alternate fee transferring from 24.5978 to 24.5724 lempiras per greenback.

This stability within the alternate fee translated into constant sale costs for financial brokers and most of the people, with the foreign money promoting at 24.7746 to 24.8104 lempiras per greenback, or 3.58 cents extra.

The Central Bank of Honduras resumed foreign money auctions on April 13, 2023, following a interval the place industrial banks and alternate homes administered the Interbank Foreign Exchange Market. This determination was made after the International Monetary Fund beneficial that the alternate fee be decided by the availability and demand of overseas foreign money within the public sale.

Despite issues a few scarcity of {dollars} in Central Bank auctions and a rise within the worth of the greenback in 2023, BCH authorities reiterated their dedication to sustaining the inner and exterior worth of the nationwide foreign money as mandated by legislation.

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