Historic Salvadoran Colón Eritrean nakfa

Salvadoran Colón eritrean nakfa history for January 2024. The highest quote for this month is 1.7675 (08/01/2024) and the lowest 1.7697 (08/01/2024). The difference between high and low is -0.12.

SVC ERN average rate for January 2024 is 1.75931, the change between 01/01/2024 and 31/01/2024 is -0.11 %.

01 January 20241 SVC = 1.763 ERN
02 January 20241 SVC = 1.761 ERN
03 January 20241 SVC = 1.764 ERN
04 January 20241 SVC = 1.768 ERN
05 January 20241 SVC = 1.767 ERN
06 January 20241 SVC = 1.722 ERN
07 January 20241 SVC = 1.722 ERN
08 January 20241 SVC = 1.769 ERN
09 January 20241 SVC = 1.768 ERN
10 January 20241 SVC = 1.765 ERN
11 January 20241 SVC = 1.767 ERN
12 January 20241 SVC = 1.764 ERN
14 January 20241 SVC = 1.720 ERN
15 January 20241 SVC = 1.769 ERN
16 January 20241 SVC = 1.768 ERN
17 January 20241 SVC = 1.762 ERN
18 January 20241 SVC = 1.767 ERN
19 January 20241 SVC = 1.764 ERN
22 January 20241 SVC = 1.768 ERN
23 January 20241 SVC = 1.765 ERN
24 January 20241 SVC = 1.768 ERN
25 January 20241 SVC = 1.767 ERN
26 January 20241 SVC = 1.766 ERN
28 January 20241 SVC = 1.722 ERN
29 January 20241 SVC = 1.763 ERN
30 January 20241 SVC = 1.768 ERN
31 January 20241 SVC = 1.765 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.