Historic Macedonian Denar Eritrean nakfa

Macedonian Denar eritrean nakfa history for February 2024. The highest quote for this month is 0.2687 (01/02/2024) and the lowest 0.2706 (02/02/2024). The difference between high and low is -0.71.

MKD ERN average rate for February 2024 is 0.26599, the change between 01/02/2024 and 29/02/2024 is -0.11 %.

01 February 20241 MKD = 0.2664 ERN
02 February 20241 MKD = 0.2675 ERN
03 February 20241 MKD = 0.2652 ERN
04 February 20241 MKD = 0.2652 ERN
05 February 20241 MKD = 0.2686 ERN
06 February 20241 MKD = 0.2647 ERN
07 February 20241 MKD = 0.2650 ERN
08 February 20241 MKD = 0.2655 ERN
09 February 20241 MKD = 0.2655 ERN
12 February 20241 MKD = 0.2677 ERN
13 February 20241 MKD = 0.2658 ERN
14 February 20241 MKD = 0.2639 ERN
15 February 20241 MKD = 0.2644 ERN
16 February 20241 MKD = 0.2654 ERN
17 February 20241 MKD = 0.2643 ERN
18 February 20241 MKD = 0.2643 ERN
19 February 20241 MKD = 0.2655 ERN
20 February 20241 MKD = 0.2652 ERN
21 February 20241 MKD = 0.2684 ERN
22 February 20241 MKD = 0.2662 ERN
23 February 20241 MKD = 0.2666 ERN
24 February 20241 MKD = 0.2653 ERN
25 February 20241 MKD = 0.2653 ERN
26 February 20241 MKD = 0.2690 ERN
27 February 20241 MKD = 0.2673 ERN
28 February 20241 MKD = 0.2669 ERN
29 February 20241 MKD = 0.2667 ERN

01/07/2020: Euro as legal tender

North Macedonia officially adopted the Euro as its currency, replacing the Macedonian Denar for all monetary transactions.

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.

15/05/2018: Denar's symbol adoption

The official symbol for the Macedonian Denar (den) was adopted, representing the currency in both domestic and international transactions.

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.

10/10/2005: Denar's full Euro peg

The Macedonian Denar was fully pegged to the Euro at a fixed exchange rate of 61.5 Denars to 1 Euro.

29/04/2003: Replacement of banknotes

New series of banknotes with enhanced security features were introduced, replacing the older versions.

05/11/2001: Denar's devaluation

Due to the political crisis in Macedonia, the Denar underwent a significant devaluation, losing around 40% of its value against the Euro.

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.

15/05/1995: Denar's peg to the German Mark

The Macedonian Denar was pegged to the German Mark at a rate of 1 Denar to 1.5 Deutsche Mark, establishing a stable exchange rate.

26/11/1992: Introduction of the Macedonian Denar

The Macedonian Denar was introduced as the official currency of the Republic of Macedonia following its declaration of independence from Yugoslavia.
MKD ERN August 2023
MKD ERN September 2023
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MKD ERN January 2024
MKD ERN February 2024
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MKD ERN April 2024
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MKD ERN August 2024