Historic Macedonian Denar Eritrean nakfa

Macedonian Denar eritrean nakfa history for January 2024. The highest quote for this month is 0.27214 (01/01/2024) and the lowest 0.27448 (01/01/2024). The difference between high and low is -0.86.

MKD ERN average rate for January 2024 is 0.26937, the change between 01/01/2024 and 31/01/2024 is +2.04 %.

01 January 20241 MKD = 0.2724 ERN
02 January 20241 MKD = 0.2723 ERN
03 January 20241 MKD = 0.2697 ERN
04 January 20241 MKD = 0.2691 ERN
05 January 20241 MKD = 0.2702 ERN
06 January 20241 MKD = 0.2694 ERN
07 January 20241 MKD = 0.2694 ERN
08 January 20241 MKD = 0.2722 ERN
09 January 20241 MKD = 0.2702 ERN
10 January 20241 MKD = 0.2694 ERN
11 January 20241 MKD = 0.2708 ERN
12 January 20241 MKD = 0.2705 ERN
14 January 20241 MKD = 0.2693 ERN
15 January 20241 MKD = 0.2706 ERN
16 January 20241 MKD = 0.2701 ERN
17 January 20241 MKD = 0.2681 ERN
18 January 20241 MKD = 0.2681 ERN
19 January 20241 MKD = 0.2681 ERN
22 January 20241 MKD = 0.2713 ERN
23 January 20241 MKD = 0.2681 ERN
24 January 20241 MKD = 0.2674 ERN
25 January 20241 MKD = 0.2686 ERN
26 January 20241 MKD = 0.2676 ERN
28 January 20241 MKD = 0.2666 ERN
29 January 20241 MKD = 0.2697 ERN
30 January 20241 MKD = 0.2669 ERN
31 January 20241 MKD = 0.2668 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 November 2023
MKD ERN December 2023
MKD ERN January 2024
MKD ERN February 2024
MKD ERN March 2024
MKD ERN April 2024
MKD ERN May 2024
MKD ERN June 2024
MKD ERN July 2024
MKD ERN August 2024
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MKD ERN October 2024
MKD ERN November 2024