Historic Australian dollar Eritrean nakfa

Australian dollar eritrean nakfa history for January 2024. The highest quote for this month is 10.268 (01/01/2024) and the lowest 10.296 (02/01/2024). The difference between high and low is -0.27.

AUD ERN average rate for January 2024 is 10.03219, the change between 01/01/2024 and 31/01/2024 is +3.43 %.

01 January 20241 AUD = 10.28 ERN
02 January 20241 AUD = 10.26 ERN
03 January 20241 AUD = 10.18 ERN
04 January 20241 AUD = 10.15 ERN
05 January 20241 AUD = 10.11 ERN
06 January 20241 AUD = 10.12 ERN
07 January 20241 AUD = 10.12 ERN
08 January 20241 AUD = 10.11 ERN
09 January 20241 AUD = 10.13 ERN
10 January 20241 AUD = 10.06 ERN
11 January 20241 AUD = 10.10 ERN
12 January 20241 AUD = 10.08 ERN
14 January 20241 AUD = 10.07 ERN
15 January 20241 AUD = 10.08 ERN
16 January 20241 AUD = 10.02 ERN
17 January 20241 AUD = 9.92 ERN
18 January 20241 AUD = 9.87 ERN
19 January 20241 AUD = 9.91 ERN
22 January 20241 AUD = 9.94 ERN
23 January 20241 AUD = 9.89 ERN
24 January 20241 AUD = 9.93 ERN
25 January 20241 AUD = 9.91 ERN
26 January 20241 AUD = 9.93 ERN
28 January 20241 AUD = 9.91 ERN
29 January 20241 AUD = 9.90 ERN
30 January 20241 AUD = 9.97 ERN
31 January 20241 AUD = 9.93 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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.
AUD ERN January 2024
AUD ERN February 2024
AUD ERN March 2024
AUD ERN April 2024
AUD ERN May 2024
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AUD ERN January 2025