Brazilian Real eritrean nakfa exchange rate history (BRL ERN) December 2023

Brazilian Real eritrean nakfa history for December 2023. The highest quote for this month is 3.1172 (27/12/2023) and the lowest 3.1608 (28/12/2023). The difference between high and low is -1.4.

BRL ERN average rate for December 2023 is 3.07494, the change between 01/12/2023 and 31/12/2023 is -1.64 %.

01 December 2023	1 BRL = 3.057 ERN
02 December 2023	1 BRL = 3.089 ERN
03 December 2023	1 BRL = 3.084 ERN
04 December 2023	1 BRL = 3.070 ERN
05 December 2023	1 BRL = 3.049 ERN
06 December 2023	1 BRL = 3.054 ERN
07 December 2023	1 BRL = 3.075 ERN
08 December 2023	1 BRL = 3.065 ERN
10 December 2023	1 BRL = 3.055 ERN
11 December 2023	1 BRL = 3.080 ERN
12 December 2023	1 BRL = 3.053 ERN
13 December 2023	1 BRL = 3.036 ERN
14 December 2023	1 BRL = 3.060 ERN
15 December 2023	1 BRL = 3.066 ERN
16 December 2023	1 BRL = 3.050 ERN
17 December 2023	1 BRL = 3.050 ERN
18 December 2023	1 BRL = 3.059 ERN
19 December 2023	1 BRL = 3.078 ERN
20 December 2023	1 BRL = 3.093 ERN
21 December 2023	1 BRL = 3.062 ERN
22 December 2023	1 BRL = 3.083 ERN
23 December 2023	1 BRL = 3.102 ERN
24 December 2023	1 BRL = 3.106 ERN
26 December 2023	1 BRL = 3.091 ERN
27 December 2023	1 BRL = 3.131 ERN
28 December 2023	1 BRL = 3.119 ERN
29 December 2023	1 BRL = 3.107 ERN

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

Historic Brazilian Real Eritrean nakfa