Macedonian Denar eritrean nakfa exchange rate history (MKD ERN) October 2023

Macedonian Denar eritrean nakfa history for October 2023. The highest quote for this month is 0.26142 (11/10/2023) and the lowest 0.26528 (24/10/2023). The difference between high and low is -1.48.

MKD ERN average rate for October 2023 is 0.26033, the change between 01/10/2023 and 31/10/2023 is -0.29 %.

01 October 2023	1 MKD = 0.2604 ERN
03 October 2023	1 MKD = 0.2586 ERN
04 October 2023	1 MKD = 0.2584 ERN
06 October 2023	1 MKD = 0.2599 ERN
07 October 2023	1 MKD = 0.2596 ERN
09 October 2023	1 MKD = 0.2637 ERN
10 October 2023	1 MKD = 0.2605 ERN
11 October 2023	1 MKD = 0.2614 ERN
13 October 2023	1 MKD = 0.2597 ERN
16 October 2023	1 MKD = 0.2590 ERN
17 October 2023	1 MKD = 0.2598 ERN
18 October 2023	1 MKD = 0.2602 ERN
19 October 2023	1 MKD = 0.2596 ERN
20 October 2023	1 MKD = 0.2608 ERN
21 October 2023	1 MKD = 0.2591 ERN
22 October 2023	1 MKD = 0.2591 ERN
23 October 2023	1 MKD = 0.2613 ERN
24 October 2023	1 MKD = 0.2629 ERN
25 October 2023	1 MKD = 0.2611 ERN
26 October 2023	1 MKD = 0.2607 ERN
27 October 2023	1 MKD = 0.2607 ERN
29 October 2023	1 MKD = 0.2597 ERN
30 October 2023	1 MKD = 0.2607 ERN
31 October 2023	1 MKD = 0.2611 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.

Historic Macedonian Denar Eritrean nakfa