Historic Eritrean nakfa Guatemalan quetzal

Eritrean nakfa guatemalan quetzal history for February 2024. The highest quote for this month is 0.51914 (04/02/2024) and the lowest 0.51914 (04/02/2024). The difference between high and low is 0.

ERN GTQ average rate for February 2024 is 0.50907, the change between 01/02/2024 and 29/02/2024 is -0.09 %.

01 February 20241 ERN = 0.5048 GTQ
02 February 20241 ERN = 0.5070 GTQ
03 February 20241 ERN = 0.5191 GTQ
04 February 20241 ERN = 0.5191 GTQ
05 February 20241 ERN = 0.5109 GTQ
06 February 20241 ERN = 0.5074 GTQ
07 February 20241 ERN = 0.5063 GTQ
08 February 20241 ERN = 0.5068 GTQ
09 February 20241 ERN = 0.5062 GTQ
12 February 20241 ERN = 0.5062 GTQ
13 February 20241 ERN = 0.5056 GTQ
14 February 20241 ERN = 0.5058 GTQ
15 February 20241 ERN = 0.5064 GTQ
16 February 20241 ERN = 0.5055 GTQ
17 February 20241 ERN = 0.5183 GTQ
18 February 20241 ERN = 0.5183 GTQ
19 February 20241 ERN = 0.5059 GTQ
20 February 20241 ERN = 0.5064 GTQ
21 February 20241 ERN = 0.5053 GTQ
22 February 20241 ERN = 0.5059 GTQ
23 February 20241 ERN = 0.5067 GTQ
24 February 20241 ERN = 0.5184 GTQ
25 February 20241 ERN = 0.5184 GTQ
26 February 20241 ERN = 0.5065 GTQ
27 February 20241 ERN = 0.5063 GTQ
28 February 20241 ERN = 0.5062 GTQ
29 February 20241 ERN = 0.5052 GTQ

14/09/2020: Centenary of the Quetzal

The Guatemalan Quetzal celebrated its centenary, marking 100 years as the national currency of Guatemala.

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.

30/05/2011: New banknotes

New banknotes were introduced to incorporate modern security features and commemorate the 20th anniversary of Quetzal's reintroduction.

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.

09/02/1987: Quetzal devaluation

The Quetzal was devalued by 66% as part of an economic stabilization plan.

13/09/1967: Decree Law 17-67

Decree Law 17-67 was enacted, establishing a fixed exchange rate between the Quetzal and the US dollar.

08/04/1951: Monetary Reform

Guatemala underwent a monetary reform, with the introduction of the Quetzal as the sole currency.

25/06/1946: The Quetzalé bill

The Quetzalé bill, equivalent to 1,000 Quetzales, was introduced to combat hyperinflation.

22/06/1925: Introduction of the Quetzal

The Guatemalan Quetzal was introduced as the official currency, replacing the Guatemalan peso.
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