Philippine peso eritrean nakfa exchange rate history (PHP ERN) November 2023

Philippine peso eritrean nakfa history for November 2023. The highest quote for this month is 0.2721 (21/11/2023) and the lowest 0.31348 (20/11/2023). The difference between high and low is -15.21.

PHP ERN average rate for November 2023 is 0.27094, the change between 01/11/2023 and 30/11/2023 is -2.86 %.

01 November 2023	1 PHP = 0.2651 ERN
06 November 2023	1 PHP = 0.2702 ERN
07 November 2023	1 PHP = 0.2704 ERN
08 November 2023	1 PHP = 0.2691 ERN
09 November 2023	1 PHP = 0.2703 ERN
10 November 2023	1 PHP = 0.2690 ERN
12 November 2023	1 PHP = 0.2696 ERN
13 November 2023	1 PHP = 0.2696 ERN
14 November 2023	1 PHP = 0.2697 ERN
15 November 2023	1 PHP = 0.2712 ERN
16 November 2023	1 PHP = 0.2704 ERN
17 November 2023	1 PHP = 0.2710 ERN
18 November 2023	1 PHP = 0.2712 ERN
19 November 2023	1 PHP = 0.2712 ERN
20 November 2023	1 PHP = 0.2721 ERN
21 November 2023	1 PHP = 0.2734 ERN
22 November 2023	1 PHP = 0.2722 ERN
23 November 2023	1 PHP = 0.2721 ERN
24 November 2023	1 PHP = 0.2730 ERN
26 November 2023	1 PHP = 0.2716 ERN
27 November 2023	1 PHP = 0.2712 ERN
28 November 2023	1 PHP = 0.2720 ERN
29 November 2023	1 PHP = 0.2745 ERN
30 November 2023	1 PHP = 0.2726 ERN

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.

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.

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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.

Historic Philippine peso Eritrean nakfa