USDT/HNL premium live · Honduras

Mid% = kimchi-style premium: + means USDT is dearer locally than official FX implies. 1H = median premium, last hour.

Median mid premium per currency. Click a tile, or type its code, for the currency page.

Commands

Type anywhere to reach the command line. Keys 1–7 switch functions, / jumps to the filter, Esc goes back.

What it measures

premium(ccy, venue) = USDT price in ccy / official ccy-per-USD − 1

The kimchi premium (Upbit KRW-USDT vs the won rate) applied to every currency with a USDT market: exchange order books where they exist, Binance P2P for the rest (about 85 fiats).

Forward cycle · USDT at a premium

USD → buy USDT on a US venue (ask) → send → sell locally (bid) → local fiat
 ▲                                                                   │
 └──────── remittance partner wires it back at FX mid − remit cost ◀──┘

Reverse cycle · USDT at a discount

USD → remit to local fiat → buy USDT locally (ask) → send → sell on a US venue (bid) → USD

Columns

Premium% / Discount%: Gross edge of the local price against the USD price of USDT, before any fee.
Net% · Net $: What the cycle returns on the notional after every cost in the panel.
BE remit%: The most your remittance partner can charge, all-in, for the cycle to break even.

Caveats

Top of book only. A $100k sale moves thin books; depth is not modelled.
The remittance leg is priced at the official daily mid minus your cost assumption, not a live partner quote.
Not modelled: settlement time, KYC and outbound limits, capital controls, tax.
Where a parallel FX market exists, the premium mostly measures that gap, not an arbitrage.
P2P quotes depend on payment method and size; books wider than the spread limit are dropped.

Questions about USDT/HNL

What is the USDT premium in Honduras?

It is the price of one USDT in Honduran lempira divided by the official HNL per US dollar rate, minus one. arbmonitor computes it for each venue that quotes USDT/HNL and shows the median across venues, updated live.

Where is USDT/HNL quoted?

arbmonitor currently reads USDT/HNL prices from Binance P2P, where prices are the median of the top advertisements on each side.

Why can USDT trade away from the official HNL rate?

Local demand for dollars, limits on buying foreign currency, banking frictions and the cost and speed of moving money in and out of Honduras all keep local USDT prices apart from the official rate. Where a parallel exchange rate exists, the premium mostly measures that gap.

How is the HNL round trip calculated?

Forward: dollars buy USDT on a US venue, the USDT is sold for Honduran lempira at the local bid, and the HNL is wired back at the official mid rate minus the remittance cost. Reverse: dollars are wired to Honduras, converted at the mid rate, used to buy USDT at the local ask, and the USDT is sold for dollars in the US. Fees, the USDT network fee and a flat wire fee are deducted at each step.