Historic Macedonian Denar Eritrean nakfa

Macedonian Denar eritrean nakfa history for November 2023. The highest quote for this month is 0.27121 (22/11/2023) and the lowest 0.2728 (29/11/2023). The difference between high and low is -0.59.

MKD ERN average rate for November 2023 is 0.26667, the change between 01/11/2023 and 30/11/2023 is -3.7 %.

01 November 20231 MKD = 0.2603 ERN
06 November 20231 MKD = 0.2641 ERN
07 November 20231 MKD = 0.2645 ERN
08 November 20231 MKD = 0.2633 ERN
09 November 20231 MKD = 0.2642 ERN
10 November 20231 MKD = 0.2625 ERN
12 November 20231 MKD = 0.2615 ERN
13 November 20231 MKD = 0.2664 ERN
14 November 20231 MKD = 0.2626 ERN
15 November 20231 MKD = 0.2680 ERN
16 November 20231 MKD = 0.2673 ERN
17 November 20231 MKD = 0.2674 ERN
18 November 20231 MKD = 0.2668 ERN
19 November 20231 MKD = 0.2668 ERN
20 November 20231 MKD = 0.2690 ERN
21 November 20231 MKD = 0.2701 ERN
22 November 20231 MKD = 0.2685 ERN
23 November 20231 MKD = 0.2679 ERN
24 November 20231 MKD = 0.2687 ERN
26 November 20231 MKD = 0.2681 ERN
27 November 20231 MKD = 0.2719 ERN
28 November 20231 MKD = 0.2696 ERN
29 November 20231 MKD = 0.2705 ERN
30 November 20231 MKD = 0.2700 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
MKD ERN October 2023
MKD ERN November 2023
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