Opening value of the euro in Haiti this May 27 from EUR to HTG

At the beginning of the day, the euro is trading at the opening at 119.97 gourdes on average, which implies an increase of 0.37% compared to the value of the previous day, which was 119.52 gourdes on average.

If we consider the data of the last week, the euro marks a rise of 1.86%, so in year-on-year terms it still maintains a rise of 8.82%. In relation to previous days, it inverts the result of the previous day, in which it closed with a decrease of 1.22%, proving unable to establish a recently defined trend. The volatility figure is manifestly lower than that accumulated in the last year, which indicates that its price is presenting fewer variations than normal recently.

In the annual photo, the euro it has been exchanged at a maximum of 120.02 gourdes on average, while its lowest level has been 110.40 gourdes on average.

A brittle Haitian gourde

The gourde (translated as “fat”) is the currency of official use in Haiti and is abbreviated as HGT, it is also divided into 100 cents and its issuance is regulated by the Bank of the Republic of Haiti.

Although its name comes from French, its origin alludes to the Spanish currency called “gordos”; some citizens also call it “goud”, to sound similar to the English word “mood”.

Created in 1813 to replace the old pound, currently you can find 5, 10, 20, 50 cents, as well as 1 and 10 gourdes, however, the 5, 10 and 20 cent coins are not in regular use, so its use is minority.

As for bills, there are 10, 20, 25, 50, 100, 250 and 1,000 gourdes. One Haitian gourde is currently equal to 0.0097 units of the US dollar, as well as 0.0085 units of the euro.

Throughout its history, the gourde has had three issues, the last in 1872, which is the one currently used. In 1912 the currency was linked to the US dollar, but in 1989 it was unlinked, despite the fact that there are currently places where citizens prefer the use of the Haitian dollar, followed by the US dollar, the second most accepted currency.

It should be noted that the demand for the currency is low outside the country, since Haiti is a country with a fragile economy, it is not an exporting nation and it is fully dependent on agriculture for survival. In addition, its annual budget is financed by external aid at 20 percent.

On the other hand, for Haitian banknotes, images of historical figures have been chosen, such as that of the Marché Valliéres, a famous pedestrian market, as well as Catherine Flon, who is a symbol of the Haitian revolution, she was the woman who sewed the first flag of Haiti in 1803. The coat of arms appears on the reverse of all coins.

In economic matters, the Economic Commission for Latin America and the Caribbean (ECLAC) has indicated that Haiti, along with countries such as Suriname and Venezuela, are experiencing chronic inflation, aggravated in part by the SARS-CoV-2, COVID-19 pandemic. .

In addition, in the last year, the country has also had to face political destabilization after the assassination of President Jovenel Moise, the wave of violence and a major earthquake in April 2021.

We recommend you:

News

---

Source