Make payments and receive payments in HNL - Honduran lempira
Pay in Honduran Lempiras (HNL)
Mondial Change allows you to make international payments in HNL (Honduran lempira) with ease. Manage your beneficiaries in Honduran lempira, track your transactions in real-time, and enjoy a secure online platform. We do not apply exchange commission on your HNL operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your customer rate is always communicated transparently before the validation of each of your transactions.
Receive payments in HNL (Honduran lempira)
Mondial Change allows you to receive payments in Honduran lempira (HNL). Payments in HNL are received in a pool account held by one of our partners. This HNL account is made available to you free of charge. It allows you to receive payments in HNL from your clients or subsidiaries. Once the funds are received in the pool account, they are reconciled in our partner's books and credited to your balance in Honduran lempira (HNL). These funds can be reused to make payments in HNL or they can be converted into EUR or any other currency of your choice and repatriated to your bank account.
Mondial Change answers all your questions about payments in Honduran lempiras (HNL)
What is the timeframe for a payment in HNL to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a transfer in Honduran lempira to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if HNL payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in Honduran lempira (HNL)?
The fees applied to transfers in Honduran lempira (HNL) generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading room. The rate primarily depends on your annual HNL exchange volume and the number of Honduran lempira payments made throughout the year.
Are there minimum or maximum amounts for payments in Honduran lempira (HNL)?
Mondial Change and its partners verify that your flows in Honduran lempira are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Honduran lempira (HNL)?
For payments in HNL via the SWIFT network, you only need to provide the following information:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
Is it possible to modify a payment in Honduran lempira (HNL) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Honduran lempira (HNL) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Honduran lempira (HNL) account provided to you a bank account and is it nominative?
The Honduran lempira (HNL) account for which we provide you with the details is a bank account opened in the name of one of our partners. It is a pool account on which all HNL transfers are received. The reconciliation of funds on your HNL balance is generally done with your client account reference. You have a guarantee of segregation of your funds in the books of our partners.
Is it possible to hold Honduran lempiras (HNL) in the HNL account provided to you?
You can use this Honduran lempira (HNL) account to receive Honduran lempiras. The currencies will then be credited to your HNL balance opened in our partner's books. The funds can then be reused to issue payments in Honduran lempira or be converted into other currencies.
What are the holidays when payments in Honduran lempira (HNL) cannot be executed?
January 1st: New Year's Day (Año Nuevo)
Variable date: Holy Thursday (Jueves Santo)
Variable date: Good Friday (Viernes Santo)
April 14th: Day of the Americas (Día de las Américas)
May 1st: Labor Day (Día del Trabajador)
September 15th: Independence Day (Día de la Independencia)
October 3rd: Francisco Morazán's Birthday
October 12th: Columbus Day (Día de la Raza)
October 21st: Armed Forces Day (Día de las Fuerzas Armadas)
December 25th: Christmas (Navidad)
History of the Honduran Lempira
The lempira (HNL) has been the official currency of Honduras since 1931, named in honor of Lempira, a national hero. It is subdivided into 100 centavos and issued by the Central Bank of Honduras. The lempira has undergone several monetary reforms, notably in response to the economic tensions of the 1980s, but remains the main currency for all internal transactions in the country.
Monetary Policy of the Honduran Lempira
The Central Bank of Honduras is responsible for monetary policy. It aims for price stability, inflation control, and support for economic growth. The lempira operates under a moderately floating exchange regime, with targeted interventions to limit volatility. The bank uses policy rates, reserve requirements, and market operations to ensure liquidity and confidence in the currency.
Particularities of the Honduran Lempira
The lempira (HNL) is not freely convertible on international markets but works perfectly for payments via SWIFT. The banknotes feature Honduran cultural and historical motifs, with modern security measures (holograms, UV inks, tactile reliefs). The local banking system is being modernized to global standards, facilitating international transactions, particularly in the export, tourism, and services sectors.