Historic Eritrean nakfa Guatemalan quetzal

Eritrean nakfa guatemalan quetzal history for January 2024. The highest quote for this month is 0.51963 (14/01/2024) and the lowest 0.5198 (06/01/2024). The difference between high and low is -0.03.

ERN GTQ average rate for January 2024 is 0.50877, the change between 01/01/2024 and 31/01/2024 is +0.29 %.

01 January 20241 ERN = 0.5081 GTQ
02 January 20241 ERN = 0.5085 GTQ
03 January 20241 ERN = 0.5078 GTQ
04 January 20241 ERN = 0.5065 GTQ
05 January 20241 ERN = 0.5069 GTQ
06 January 20241 ERN = 0.5191 GTQ
07 January 20241 ERN = 0.5191 GTQ
08 January 20241 ERN = 0.5062 GTQ
09 January 20241 ERN = 0.5067 GTQ
10 January 20241 ERN = 0.5074 GTQ
11 January 20241 ERN = 0.5064 GTQ
12 January 20241 ERN = 0.5076 GTQ
14 January 20241 ERN = 0.5196 GTQ
15 January 20241 ERN = 0.5058 GTQ
16 January 20241 ERN = 0.5063 GTQ
17 January 20241 ERN = 0.5081 GTQ
18 January 20241 ERN = 0.5064 GTQ
19 January 20241 ERN = 0.5071 GTQ
22 January 20241 ERN = 0.5063 GTQ
23 January 20241 ERN = 0.5074 GTQ
24 January 20241 ERN = 0.5064 GTQ
25 January 20241 ERN = 0.5066 GTQ
26 January 20241 ERN = 0.5070 GTQ
28 January 20241 ERN = 0.5186 GTQ
29 January 20241 ERN = 0.5079 GTQ
30 January 20241 ERN = 0.5064 GTQ
31 January 20241 ERN = 0.5066 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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