Historic Danish Krone Eritrean nakfa

Danish Krone eritrean nakfa history for January 2024. The highest quote for this month is 2.2314 (01/01/2024) and the lowest 2.2319 (01/01/2024). The difference between high and low is -0.02.

DKK ERN average rate for January 2024 is 2.20546, the change between 01/01/2024 and 31/01/2024 is +1.91 %.

01 January 20241 DKK = 2.232 ERN
02 January 20241 DKK = 2.231 ERN
03 January 20241 DKK = 2.209 ERN
04 January 20241 DKK = 2.208 ERN
05 January 20241 DKK = 2.212 ERN
06 January 20241 DKK = 2.212 ERN
07 January 20241 DKK = 2.212 ERN
08 January 20241 DKK = 2.208 ERN
09 January 20241 DKK = 2.213 ERN
10 January 20241 DKK = 2.206 ERN
11 January 20241 DKK = 2.218 ERN
12 January 20241 DKK = 2.216 ERN
14 January 20241 DKK = 2.211 ERN
15 January 20241 DKK = 2.212 ERN
16 January 20241 DKK = 2.211 ERN
17 January 20241 DKK = 2.195 ERN
18 January 20241 DKK = 2.200 ERN
19 January 20241 DKK = 2.196 ERN
22 January 20241 DKK = 2.201 ERN
23 January 20241 DKK = 2.195 ERN
24 January 20241 DKK = 2.195 ERN
25 January 20241 DKK = 2.199 ERN
26 January 20241 DKK = 2.193 ERN
28 January 20241 DKK = 2.193 ERN
29 January 20241 DKK = 2.189 ERN
30 January 20241 DKK = 2.191 ERN
31 January 20241 DKK = 2.189 ERN

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
DKK ERN January 2024
DKK ERN February 2024
DKK ERN March 2024
DKK ERN April 2024
DKK ERN May 2024
DKK ERN June 2024
DKK ERN July 2024
DKK ERN August 2024
DKK ERN September 2024
DKK ERN October 2024
DKK ERN November 2024
DKK ERN December 2024
DKK ERN January 2025