Swedish krona eritrean nakfa history for October 2023. The highest quote for this month is 1.3795 (11/10/2023) and the lowest 1.3868 (11/10/2023). The difference between high and low is -0.53.
SEK ERN average rate for October 2023 is 1.36681, the change between 01/10/2023 and 31/10/2023 is +0.95 %.
| 03 October 2023 | 1 SEK = 1.364 ERN |
| 04 October 2023 | 1 SEK = 1.361 ERN |
| 06 October 2023 | 1 SEK = 1.368 ERN |
| 09 October 2023 | 1 SEK = 1.371 ERN |
| 10 October 2023 | 1 SEK = 1.376 ERN |
| 11 October 2023 | 1 SEK = 1.385 ERN |
| 13 October 2023 | 1 SEK = 1.371 ERN |
| 16 October 2023 | 1 SEK = 1.369 ERN |
| 17 October 2023 | 1 SEK = 1.378 ERN |
| 18 October 2023 | 1 SEK = 1.379 ERN |
| 19 October 2023 | 1 SEK = 1.367 ERN |
| 20 October 2023 | 1 SEK = 1.375 ERN |
| 23 October 2023 | 1 SEK = 1.373 ERN |
| 24 October 2023 | 1 SEK = 1.373 ERN |
| 25 October 2023 | 1 SEK = 1.354 ERN |
| 26 October 2023 | 1 SEK = 1.353 ERN |
| 27 October 2023 | 1 SEK = 1.353 ERN |
| 30 October 2023 | 1 SEK = 1.351 ERN |
| 31 October 2023 | 1 SEK = 1.351 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.