Historic Swedish krona Eritrean nakfa

Swedish krona eritrean nakfa history for December 2023. The highest quote for this month is 1.5106 (28/12/2023) and the lowest 1.5194 (28/12/2023). The difference between high and low is -0.58.

SEK ERN average rate for December 2023 is 1.4678, the change between 01/12/2023 and 31/12/2023 is -5.03 %.

01 December 20231 SEK = 1.439 ERN
04 December 20231 SEK = 1.452 ERN
05 December 20231 SEK = 1.445 ERN
06 December 20231 SEK = 1.436 ERN
07 December 20231 SEK = 1.439 ERN
08 December 20231 SEK = 1.449 ERN
11 December 20231 SEK = 1.441 ERN
12 December 20231 SEK = 1.437 ERN
13 December 20231 SEK = 1.445 ERN
14 December 20231 SEK = 1.460 ERN
15 December 20231 SEK = 1.472 ERN
18 December 20231 SEK = 1.466 ERN
19 December 20231 SEK = 1.475 ERN
20 December 20231 SEK = 1.482 ERN
21 December 20231 SEK = 1.481 ERN
22 December 20231 SEK = 1.491 ERN
26 December 20231 SEK = 1.507 ERN
27 December 20231 SEK = 1.509 ERN
28 December 20231 SEK = 1.516 ERN
29 December 20231 SEK = 1.511 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.