Convert NGN to HNL
NGN to HNL Comparison Table
| Feature | NGN (Nigerian Naira) | HNL (Honduran Lempira) |
|---|---|---|
| Currency Code | NGN | HNL |
| Symbol | ₦ | L |
| Issuing Authority | Central Bank of Nigeria | Central Bank of Honduras |
| Economic Strength | Developing, resource-based economy | Developing, export-oriented economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic transactions, trade |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Increasing adoption |
| Inflation Rate | Historically high | Relatively low |
| Interest Rates | High | Lower than Nigeria |
| Foreign Exchange Reserves | Moderate | Adequate |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Increasing, various sectors |
Key Observations:
- The NGN is a currency of a developing economy with high volatility, while the HNL is from a developing, export-oriented economy with relative stability.
- Honduras has a more advanced digital payment infrastructure compared to Nigeria.
- The interest rate differential between the two countries is significant.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to KES NGN to LYD NGN to MAD NGN to MGA | NGN to AZN NGN to BHD NGN to BND NGN to BTN |
| European Currencies | North America Currencies |
| NGN to BAM NGN to BGN NGN to BYN NGN to CAD | NGN to NIO NGN to PAB NGN to USD NGN to XCD |
7 Facts About Honduran Lempira
- Historical Currency: Introduced in 1931, replacing the Honduran Peso, the Lempira is named after a legendary indigenous leader, symbolizing national pride.
- Floating Exchange Rate: The Lempira operates on a floating exchange rate, subject to market forces and economic conditions.
- Central Bank Control: The Central Bank of Honduras oversees the issuance and management of the Lempira.
- Economic Challenges: Honduras faces economic challenges, including poverty and natural disasters, impacting the Lempira’s stability.
- Subdivision: Divided into 100 centavos, these smaller units are less commonly used in daily transactions.
- Cash-Based Economy: While digital payments are growing, Honduras remains largely a cash-based society.
- Currency Code: HNL is the official currency code for the Honduran Lempira.
Top Banks in Nigeria and Honduras for Naira and Lempira Conversion
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Ecobank Nigeria Plc | Lagos |
| Nigeria | Citibank Nigeria Ltd | Lagos |
| Nigeria | First Bank PLC | Lagos |
| Honduras | Banco Ficohsa | Tegucigalpa |
| Honduras | Banco Atlantida | Tegucigalpa |
| Honduras | BAC Honduras | Tegucigalpa |