Historic Eritrean nakfa Danish Krone

Eritrean nakfa danish krone history for February 2024. The highest quote for this month is 0.46252 (14/02/2024) and the lowest 0.46138 (14/02/2024). The difference between high and low is 0.25.

ERN DKK average rate for February 2024 is 0.45858, the change between 01/02/2024 and 29/02/2024 is +0.2 %.

01 February 20241 ERN = 0.4579 DKK
02 February 20241 ERN = 0.4555 DKK
03 February 20241 ERN = 0.4590 DKK
04 February 20241 ERN = 0.4589 DKK
05 February 20241 ERN = 0.4588 DKK
06 February 20241 ERN = 0.4613 DKK
07 February 20241 ERN = 0.4601 DKK
08 February 20241 ERN = 0.4598 DKK
09 February 20241 ERN = 0.4590 DKK
12 February 20241 ERN = 0.4587 DKK
13 February 20241 ERN = 0.4591 DKK
14 February 20241 ERN = 0.4619 DKK
15 February 20241 ERN = 0.4615 DKK
16 February 20241 ERN = 0.4591 DKK
17 February 20241 ERN = 0.4590 DKK
18 February 20241 ERN = 0.4590 DKK
19 February 20241 ERN = 0.4586 DKK
20 February 20241 ERN = 0.4596 DKK
21 February 20241 ERN = 0.4575 DKK
22 February 20241 ERN = 0.4577 DKK
23 February 20241 ERN = 0.4569 DKK
25 February 20241 ERN = 0.4567 DKK
26 February 20241 ERN = 0.4578 DKK
27 February 20241 ERN = 0.4558 DKK
28 February 20241 ERN = 0.4568 DKK
29 February 20241 ERN = 0.4569 DKK

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.
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