NGN to HNL - Naira USD

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

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.

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

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.