Eritrean nakfa swedish krona history for October 2023. The highest quote for this month is 0.74489 (27/10/2023) and the lowest 0.73919 (26/10/2023). The difference between high and low is 0.77.
ERN SEK average rate for October 2023 is 0.73167, the change between 01/10/2023 and 31/10/2023 is -0.97 %.
| 03 October 2023 | 1 ERN = 0.7332 SEK |
| 04 October 2023 | 1 ERN = 0.7349 SEK |
| 06 October 2023 | 1 ERN = 0.7312 SEK |
| 09 October 2023 | 1 ERN = 0.7292 SEK |
| 10 October 2023 | 1 ERN = 0.7268 SEK |
| 11 October 2023 | 1 ERN = 0.7222 SEK |
| 13 October 2023 | 1 ERN = 0.7297 SEK |
| 16 October 2023 | 1 ERN = 0.7305 SEK |
| 17 October 2023 | 1 ERN = 0.7256 SEK |
| 18 October 2023 | 1 ERN = 0.7253 SEK |
| 19 October 2023 | 1 ERN = 0.7315 SEK |
| 20 October 2023 | 1 ERN = 0.7270 SEK |
| 23 October 2023 | 1 ERN = 0.7284 SEK |
| 24 October 2023 | 1 ERN = 0.7282 SEK |
| 25 October 2023 | 1 ERN = 0.7388 SEK |
| 26 October 2023 | 1 ERN = 0.7393 SEK |
| 27 October 2023 | 1 ERN = 0.7394 SEK |
| 30 October 2023 | 1 ERN = 0.7403 SEK |
| 31 October 2023 | 1 ERN = 0.7403 SEK |
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.
22/01/2015: Dollarization policy imposed
Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.
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.
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.