Historic Czech koruna Eritrean nakfa

Czech koruna eritrean nakfa history for January 2024. The highest quote for this month is 0.6748 (01/01/2024) and the lowest 0.67524 (08/01/2024). The difference between high and low is -0.07.

CZK ERN average rate for January 2024 is 0.66635, the change between 01/01/2024 and 31/01/2024 is +2.32 %.

01 January 20241 CZK = 0.6748 ERN
02 January 20241 CZK = 0.6743 ERN
03 January 20241 CZK = 0.6684 ERN
04 January 20241 CZK = 0.6683 ERN
05 January 20241 CZK = 0.6693 ERN
06 January 20241 CZK = 0.6698 ERN
07 January 20241 CZK = 0.6698 ERN
08 January 20241 CZK = 0.6713 ERN
09 January 20241 CZK = 0.6735 ERN
10 January 20241 CZK = 0.6698 ERN
11 January 20241 CZK = 0.6738 ERN
12 January 20241 CZK = 0.6702 ERN
14 January 20241 CZK = 0.6697 ERN
15 January 20241 CZK = 0.6695 ERN
16 January 20241 CZK = 0.6686 ERN
17 January 20241 CZK = 0.6629 ERN
18 January 20241 CZK = 0.6636 ERN
19 January 20241 CZK = 0.6611 ERN
22 January 20241 CZK = 0.6626 ERN
23 January 20241 CZK = 0.6612 ERN
24 January 20241 CZK = 0.6581 ERN
25 January 20241 CZK = 0.6613 ERN
26 January 20241 CZK = 0.6610 ERN
28 January 20241 CZK = 0.6615 ERN
29 January 20241 CZK = 0.6598 ERN
30 January 20241 CZK = 0.6582 ERN
31 January 20241 CZK = 0.6592 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.

05/04/2016: End of currency intervention

The Czech National Bank ended its currency intervention policy, allowing the koruna to float freely and be determined by market forces.

22/01/2015: Dollarization policy imposed

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

06/11/2013: Currency intervention

The Czech National Bank implemented a currency intervention policy to weaken the koruna and stimulate the country's economy.

09/10/2008: Global financial crisis impact

The koruna experienced significant depreciation during the global financial crisis, reflecting the economic challenges faced by the Czech Republic.

30/04/2007: EU membership benefits

The Czech Republic became a member of the European Union's economic and monetary union, allowing for greater stability and cooperation for the koruna.

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.

30/04/2004: EU Accession

The Czech Republic joined the European Union, paving the way for further integration of the koruna with European monetary policies.

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.

30/06/1993: Currency conversion

The Czech Republic adopted a new currency regime, shifting from a fixed exchange rate to a floating exchange rate for the koruna.

07/02/1993: Establishment of Czech koruna

The Czech koruna was introduced as the official currency of the Czech Republic following the dissolution of Czechoslovakia.
CZK ERN July 2023
CZK ERN August 2023
CZK ERN September 2023
CZK ERN October 2023
CZK ERN November 2023
CZK ERN December 2023
CZK ERN January 2024
CZK ERN February 2024
CZK ERN March 2024
CZK ERN April 2024
CZK ERN May 2024
CZK ERN June 2024
CZK ERN July 2024