Swedish krona eritrean nakfa history for August 2023. The highest quote for this month is 1.4145 (07/08/2023) and the lowest 1.4313 (01/08/2023). The difference between high and low is -1.19.
SEK ERN average rate for August 2023 is 1.4041, the change between 01/08/2023 and 31/08/2023 is +4.05 %.
| 01 August 2023 | 1 SEK = 1.430 ERN |
| 03 August 2023 | 1 SEK = 1.409 ERN |
| 04 August 2023 | 1 SEK = 1.413 ERN |
| 07 August 2023 | 1 SEK = 1.421 ERN |
| 08 August 2023 | 1 SEK = 1.422 ERN |
| 10 August 2023 | 1 SEK = 1.411 ERN |
| 14 August 2023 | 1 SEK = 1.390 ERN |
| 15 August 2023 | 1 SEK = 1.395 ERN |
| 17 August 2023 | 1 SEK = 1.378 ERN |
| 21 August 2023 | 1 SEK = 1.372 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.