Historic Salvadoran Colón Eritrean nakfa

Salvadoran Colón eritrean nakfa history for February 2024. The highest quote for this month is 1.7681 (15/02/2024) and the lowest 1.7753 (02/02/2024). The difference between high and low is -0.41.

SVC ERN average rate for February 2024 is 1.75586, the change between 01/02/2024 and 29/02/2024 is +0.1 %.

01 February 20241 SVC = 1.770 ERN
02 February 20241 SVC = 1.765 ERN
03 February 20241 SVC = 1.720 ERN
04 February 20241 SVC = 1.720 ERN
05 February 20241 SVC = 1.751 ERN
06 February 20241 SVC = 1.763 ERN
07 February 20241 SVC = 1.766 ERN
08 February 20241 SVC = 1.765 ERN
09 February 20241 SVC = 1.766 ERN
12 February 20241 SVC = 1.767 ERN
13 February 20241 SVC = 1.768 ERN
14 February 20241 SVC = 1.767 ERN
15 February 20241 SVC = 1.765 ERN
16 February 20241 SVC = 1.768 ERN
17 February 20241 SVC = 1.722 ERN
18 February 20241 SVC = 1.722 ERN
19 February 20241 SVC = 1.767 ERN
20 February 20241 SVC = 1.765 ERN
21 February 20241 SVC = 1.767 ERN
22 February 20241 SVC = 1.765 ERN
23 February 20241 SVC = 1.766 ERN
24 February 20241 SVC = 1.722 ERN
25 February 20241 SVC = 1.722 ERN
26 February 20241 SVC = 1.766 ERN
27 February 20241 SVC = 1.767 ERN
28 February 20241 SVC = 1.765 ERN
29 February 20241 SVC = 1.768 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.

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.
SVC ERN January 2024
SVC ERN February 2024
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SVC ERN January 2025