Czech koruna eritrean nakfa exchange rate history (CZK ERN) October 2023

Czech koruna eritrean nakfa history for October 2023. The highest quote for this month is 0.65239 (01/10/2023) and the lowest 0.65565 (24/10/2023). The difference between high and low is -0.5.

CZK ERN average rate for October 2023 is 0.64798, the change between 01/10/2023 and 31/10/2023 is +0.26 %.

01 October 2023	1 CZK = 0.6531 ERN
03 October 2023	1 CZK = 0.6471 ERN
04 October 2023	1 CZK = 0.6441 ERN
06 October 2023	1 CZK = 0.6502 ERN
07 October 2023	1 CZK = 0.6522 ERN
09 October 2023	1 CZK = 0.6501 ERN
10 October 2023	1 CZK = 0.6516 ERN
11 October 2023	1 CZK = 0.6515 ERN
13 October 2023	1 CZK = 0.6436 ERN
16 October 2023	1 CZK = 0.6426 ERN
17 October 2023	1 CZK = 0.6448 ERN
18 October 2023	1 CZK = 0.6460 ERN
19 October 2023	1 CZK = 0.6440 ERN
20 October 2023	1 CZK = 0.6468 ERN
21 October 2023	1 CZK = 0.6490 ERN
22 October 2023	1 CZK = 0.6478 ERN
23 October 2023	1 CZK = 0.6488 ERN
24 October 2023	1 CZK = 0.6539 ERN
25 October 2023	1 CZK = 0.6487 ERN
26 October 2023	1 CZK = 0.6454 ERN
27 October 2023	1 CZK = 0.6464 ERN
29 October 2023	1 CZK = 0.6460 ERN
30 October 2023	1 CZK = 0.6465 ERN
31 October 2023	1 CZK = 0.6514 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.

Historic Czech koruna Eritrean nakfa