Historic Norwegian krone Rwandan franc

Norwegian krone rwandan franc history for January 2024. The highest quote for this month is 123.28 (12/01/2024) and the lowest 123.03 (02/01/2024). The difference between high and low is 0.2.

NOK RWF average rate for January 2024 is 121.1, the change between 01/01/2024 and 31/01/2024 is +1.68 %.

01 January 20241 NOK = 122.8 RWF
02 January 20241 NOK = 123.2 RWF
03 January 20241 NOK = 121.9 RWF
04 January 20241 NOK = 121.1 RWF
05 January 20241 NOK = 121.5 RWF
06 January 20241 NOK = 122.0 RWF
07 January 20241 NOK = 122.0 RWF
08 January 20241 NOK = 121.0 RWF
09 January 20241 NOK = 120.7 RWF
10 January 20241 NOK = 120.7 RWF
11 January 20241 NOK = 120.8 RWF
12 January 20241 NOK = 121.6 RWF
15 January 20241 NOK = 123.4 RWF
16 January 20241 NOK = 121.7 RWF
17 January 20241 NOK = 119.9 RWF
18 January 20241 NOK = 119.8 RWF
19 January 20241 NOK = 119.5 RWF
22 January 20241 NOK = 121.3 RWF
23 January 20241 NOK = 119.7 RWF
24 January 20241 NOK = 119.7 RWF
25 January 20241 NOK = 120.4 RWF
26 January 20241 NOK = 120.6 RWF
29 January 20241 NOK = 120.6 RWF
30 January 20241 NOK = 121.0 RWF
31 January 20241 NOK = 120.7 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.