Historic Swiss franc Eritrean nakfa

Swiss franc eritrean nakfa history for November 2023. The highest quote for this month is 17.183 (30/11/2023) and the lowest 17.32 (30/11/2023). The difference between high and low is -0.8.

CHF ERN average rate for November 2023 is 16.91633, the change between 01/11/2023 and 30/11/2023 is -4.18 %.

01 November 20231 CHF = 16.54 ERN
06 November 20231 CHF = 16.74 ERN
07 November 20231 CHF = 16.76 ERN
08 November 20231 CHF = 16.72 ERN
09 November 20231 CHF = 16.76 ERN
10 November 20231 CHF = 16.66 ERN
12 November 20231 CHF = 16.70 ERN
13 November 20231 CHF = 16.71 ERN
14 November 20231 CHF = 16.70 ERN
15 November 20231 CHF = 16.93 ERN
16 November 20231 CHF = 16.99 ERN
17 November 20231 CHF = 16.96 ERN
18 November 20231 CHF = 17.03 ERN
19 November 20231 CHF = 17.02 ERN
20 November 20231 CHF = 17.01 ERN
21 November 20231 CHF = 17.04 ERN
22 November 20231 CHF = 17.04 ERN
23 November 20231 CHF = 17.02 ERN
24 November 20231 CHF = 17.04 ERN
26 November 20231 CHF = 17.07 ERN
27 November 20231 CHF = 17.06 ERN
28 November 20231 CHF = 17.10 ERN
29 November 20231 CHF = 17.16 ERN
30 November 20231 CHF = 17.23 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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
CHF ERN August 2023
CHF ERN September 2023
CHF ERN October 2023
CHF ERN November 2023
CHF ERN December 2023
CHF ERN January 2024
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CHF ERN April 2024
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CHF ERN June 2024
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CHF ERN August 2024