Historic Eritrean nakfa Hungarian forint

Eritrean nakfa hungarian forint history for January 2024. The highest quote for this month is 23.967 (29/01/2024) and the lowest 23.72 (29/01/2024). The difference between high and low is 1.03.

ERN HUF average rate for January 2024 is 23.20604, the change between 01/01/2024 and 31/01/2024 is -3.03 %.

01 January 20241 ERN = 22.97 HUF
02 January 20241 ERN = 22.98 HUF
03 January 20241 ERN = 23.17 HUF
04 January 20241 ERN = 23.09 HUF
05 January 20241 ERN = 22.95 HUF
06 January 20241 ERN = 22.91 HUF
07 January 20241 ERN = 22.91 HUF
08 January 20241 ERN = 22.93 HUF
09 January 20241 ERN = 22.88 HUF
10 January 20241 ERN = 23.01 HUF
11 January 20241 ERN = 22.86 HUF
12 January 20241 ERN = 22.92 HUF
14 January 20241 ERN = 23.00 HUF
15 January 20241 ERN = 22.98 HUF
16 January 20241 ERN = 22.96 HUF
17 January 20241 ERN = 23.17 HUF
18 January 20241 ERN = 23.17 HUF
19 January 20241 ERN = 23.35 HUF
22 January 20241 ERN = 23.26 HUF
23 January 20241 ERN = 23.42 HUF
24 January 20241 ERN = 23.59 HUF
25 January 20241 ERN = 23.60 HUF
26 January 20241 ERN = 23.56 HUF
28 January 20241 ERN = 23.67 HUF
29 January 20241 ERN = 23.77 HUF
30 January 20241 ERN = 23.82 HUF
31 January 20241 ERN = 23.67 HUF

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.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

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.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

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.

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.
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