Historic Aruban florin Eritrean nakfa

Aruban florin eritrean nakfa history for November 2023. The highest quote for this month is 8.7362 (21/11/2023) and the lowest 8.7246 (21/11/2023). The difference between high and low is 0.13.

AWG ERN average rate for November 2023 is 8.46977, the change between 01/11/2023 and 30/11/2023 is +0.14 %.

01 November 20231 AWG = 8.41 ERN
06 November 20231 AWG = 8.41 ERN
07 November 20231 AWG = 8.42 ERN
08 November 20231 AWG = 8.41 ERN
09 November 20231 AWG = 8.41 ERN
10 November 20231 AWG = 8.41 ERN
12 November 20231 AWG = 8.46 ERN
13 November 20231 AWG = 8.41 ERN
14 November 20231 AWG = 8.41 ERN
15 November 20231 AWG = 8.40 ERN
16 November 20231 AWG = 8.41 ERN
17 November 20231 AWG = 8.41 ERN
18 November 20231 AWG = 8.47 ERN
19 November 20231 AWG = 8.47 ERN
20 November 20231 AWG = 8.42 ERN
21 November 20231 AWG = 8.74 ERN
22 November 20231 AWG = 8.72 ERN
23 November 20231 AWG = 8.72 ERN
24 November 20231 AWG = 8.74 ERN
26 November 20231 AWG = 8.46 ERN
27 November 20231 AWG = 8.41 ERN
28 November 20231 AWG = 8.40 ERN
29 November 20231 AWG = 8.41 ERN
30 November 20231 AWG = 8.40 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.

01/03/2018: Redenomination of the Aruban florin

Aruba redenominated its currency, replacing 1,000 florins with 1 florin, simplifying transactions and reducing the size of banknotes.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

01/01/2011: Introduction of polymer banknotes

Aruba introduced polymer banknotes, made from a durable and secure polymer substrate, to enhance the durability and security of its currency.

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.

01/01/2003: Replacement of older banknotes

Older series of banknotes were phased out and replaced by newer and more secure banknotes featuring enhanced anti-counterfeiting measures.

01/01/2000: Adoption of new currency symbol

The Aruban florin adopted a new symbol, ƒ, to distinguish itself from other currencies.

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.

01/01/1993: Currency reform

A currency reform took place in Aruba, with the introduction of a new series of banknotes and the demonetization of certain older banknotes.

01/01/1990: Introduction of the guilders coins

Aruba introduced its own series of coins denominated in guilders, featuring unique designs and symbols reflective of Aruban culture.

01/01/1986: Introduction of the Aruban florin

The Aruban florin was established as the official currency of Aruba, replacing the Dutch guilder at a fixed rate of 1.79 florin to 1 guilder.
AWG ERN July 2023
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