Historic Brazilian Real Eritrean nakfa

Brazilian Real eritrean nakfa history for January 2024. The highest quote for this month is 3.1056 (01/01/2024) and the lowest 3.115 (12/01/2024). The difference between high and low is -0.3.

BRL ERN average rate for January 2024 is 3.07265, the change between 01/01/2024 and 31/01/2024 is +2.15 %.

01 January 20241 BRL = 3.107 ERN
02 January 20241 BRL = 3.106 ERN
03 January 20241 BRL = 3.057 ERN
04 January 20241 BRL = 3.064 ERN
05 January 20241 BRL = 3.078 ERN
06 January 20241 BRL = 3.092 ERN
07 January 20241 BRL = 3.091 ERN
08 January 20241 BRL = 3.096 ERN
09 January 20241 BRL = 3.095 ERN
10 January 20241 BRL = 3.068 ERN
11 January 20241 BRL = 3.081 ERN
12 January 20241 BRL = 3.091 ERN
14 January 20241 BRL = 3.099 ERN
15 January 20241 BRL = 3.105 ERN
16 January 20241 BRL = 3.099 ERN
17 January 20241 BRL = 3.056 ERN
18 January 20241 BRL = 3.054 ERN
19 January 20241 BRL = 3.055 ERN
22 January 20241 BRL = 3.073 ERN
23 January 20241 BRL = 3.017 ERN
24 January 20241 BRL = 3.043 ERN
25 January 20241 BRL = 3.055 ERN
26 January 20241 BRL = 3.066 ERN
28 January 20241 BRL = 3.065 ERN
29 January 20241 BRL = 3.063 ERN
30 January 20241 BRL = 3.044 ERN
31 January 20241 BRL = 3.040 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.
BRL ERN July 2023
BRL ERN August 2023
BRL ERN September 2023
BRL ERN October 2023
BRL ERN November 2023
BRL ERN December 2023
BRL ERN January 2024
BRL ERN February 2024
BRL ERN March 2024
BRL ERN April 2024
BRL ERN May 2024
BRL ERN June 2024
BRL ERN July 2024