Historic Brazilian Real Eritrean nakfa

Brazilian Real eritrean nakfa history for February 2024. The highest quote for this month is 3.0541 (21/02/2024) and the lowest 3.0763 (22/02/2024). The difference between high and low is -0.73.

BRL ERN average rate for February 2024 is 3.03584, the change between 01/02/2024 and 29/02/2024 is +0.44 %.

01 February 20241 BRL = 3.043 ERN
02 February 20241 BRL = 3.062 ERN
03 February 20241 BRL = 3.028 ERN
04 February 20241 BRL = 3.028 ERN
05 February 20241 BRL = 3.055 ERN
06 February 20241 BRL = 3.040 ERN
07 February 20241 BRL = 3.037 ERN
08 February 20241 BRL = 3.029 ERN
09 February 20241 BRL = 3.019 ERN
12 February 20241 BRL = 3.039 ERN
13 February 20241 BRL = 3.043 ERN
14 February 20241 BRL = 3.043 ERN
15 February 20241 BRL = 3.029 ERN
16 February 20241 BRL = 3.031 ERN
17 February 20241 BRL = 3.034 ERN
18 February 20241 BRL = 3.033 ERN
19 February 20241 BRL = 3.035 ERN
20 February 20241 BRL = 3.037 ERN
21 February 20241 BRL = 3.059 ERN
22 February 20241 BRL = 3.050 ERN
23 February 20241 BRL = 3.037 ERN
24 February 20241 BRL = 3.018 ERN
25 February 20241 BRL = 3.018 ERN
26 February 20241 BRL = 3.014 ERN
27 February 20241 BRL = 3.027 ERN
28 February 20241 BRL = 3.051 ERN
29 February 20241 BRL = 3.030 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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

22/01/2015: Dollarization policy imposed

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

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

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.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

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.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.
BRL ERN January 2024
BRL ERN February 2024
BRL ERN March 2024
BRL ERN April 2024
BRL ERN May 2024
BRL ERN June 2024
BRL ERN July 2024
BRL ERN August 2024
BRL ERN September 2024
BRL ERN October 2024
BRL ERN November 2024
BRL ERN December 2024
BRL ERN January 2025