Eritrean nakfa hong kong dollar exchange rate history (ERN HKD) December 2023

Eritrean nakfa hong kong dollar history for December 2023. The highest quote for this month is 0.51937 (22/12/2023) and the lowest 0.51921 (02/12/2023). The difference between high and low is 0.03.

ERN HKD average rate for December 2023 is 0.51856, the change between 01/12/2023 and 31/12/2023 is +0.11 %.

01 December 2023	1 ERN = 0.5190 HKD
02 December 2023	1 ERN = 0.5192 HKD
03 December 2023	1 ERN = 0.5192 HKD
04 December 2023	1 ERN = 0.5192 HKD
05 December 2023	1 ERN = 0.5186 HKD
06 December 2023	1 ERN = 0.5195 HKD
07 December 2023	1 ERN = 0.5183 HKD
08 December 2023	1 ERN = 0.5190 HKD
10 December 2023	1 ERN = 0.5188 HKD
11 December 2023	1 ERN = 0.5182 HKD
12 December 2023	1 ERN = 0.5180 HKD
13 December 2023	1 ERN = 0.5182 HKD
14 December 2023	1 ERN = 0.5190 HKD
15 December 2023	1 ERN = 0.5180 HKD
16 December 2023	1 ERN = 0.5178 HKD
17 December 2023	1 ERN = 0.5178 HKD
18 December 2023	1 ERN = 0.5184 HKD
19 December 2023	1 ERN = 0.5173 HKD
20 December 2023	1 ERN = 0.5183 HKD
21 December 2023	1 ERN = 0.5187 HKD
22 December 2023	1 ERN = 0.5189 HKD
23 December 2023	1 ERN = 0.5191 HKD
24 December 2023	1 ERN = 0.5184 HKD
26 December 2023	1 ERN = 0.5189 HKD
27 December 2023	1 ERN = 0.5180 HKD
28 December 2023	1 ERN = 0.5189 HKD
29 December 2023	1 ERN = 0.5184 HKD

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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

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.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.

Historic Eritrean nakfa Hong Kong dollar