Convert 16 Honduran Lempira (HNL) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on November 23rd 2024 ( 11/23/2024 )
Below you will find the latest exchange rates for exchanging Honduran Lempira (HNL) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Honduran Lempira (HNL) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Honduran Lempira and Canadian Dollar on 11/23/2024 is 1 HNL = 0.0554 CAD - AVERAGE intraday quotes were used for this currency conversion.
The Honduran lempira is the official currency of Honduras and the written symbol for the lempira is "L". Each lempira is divided into 100 centavos. It is issued by the central Bank of Honduras in coins valued at 10, 20, and 50 centavos and banknotes valued at L1, L2, L5, L10, L20, L50, L100, and L500. The United States dollar is commonly used alongside the HNL, especially in tourist areas. The HNL is pegged to the USD.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
