Historic Eritrean nakfa Macedonian Denar

Eritrean nakfa macedonian denar history for January 2024. The highest quote for this month is 3.7555 (31/01/2024) and the lowest 3.7505 (28/01/2024). The difference between high and low is 0.13.

ERN MKD average rate for January 2024 is 3.71249, the change between 01/01/2024 and 31/01/2024 is -2.09 %.

01 January 20241 ERN = 3.671 MKD
02 January 20241 ERN = 3.673 MKD
03 January 20241 ERN = 3.708 MKD
04 January 20241 ERN = 3.716 MKD
05 January 20241 ERN = 3.701 MKD
06 January 20241 ERN = 3.713 MKD
07 January 20241 ERN = 3.713 MKD
08 January 20241 ERN = 3.674 MKD
09 January 20241 ERN = 3.701 MKD
10 January 20241 ERN = 3.712 MKD
11 January 20241 ERN = 3.693 MKD
12 January 20241 ERN = 3.696 MKD
14 January 20241 ERN = 3.713 MKD
15 January 20241 ERN = 3.696 MKD
16 January 20241 ERN = 3.702 MKD
17 January 20241 ERN = 3.730 MKD
18 January 20241 ERN = 3.729 MKD
19 January 20241 ERN = 3.730 MKD
22 January 20241 ERN = 3.686 MKD
23 January 20241 ERN = 3.730 MKD
24 January 20241 ERN = 3.739 MKD
25 January 20241 ERN = 3.723 MKD
26 January 20241 ERN = 3.737 MKD
28 January 20241 ERN = 3.751 MKD
29 January 20241 ERN = 3.707 MKD
30 January 20241 ERN = 3.746 MKD
31 January 20241 ERN = 3.748 MKD

01/07/2020: Euro as legal tender

North Macedonia officially adopted the Euro as its currency, replacing the Macedonian Denar for all monetary transactions.

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.

15/05/2018: Denar's symbol adoption

The official symbol for the Macedonian Denar (den) was adopted, representing the currency in both domestic and international transactions.

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.

10/10/2005: Denar's full Euro peg

The Macedonian Denar was fully pegged to the Euro at a fixed exchange rate of 61.5 Denars to 1 Euro.

29/04/2003: Replacement of banknotes

New series of banknotes with enhanced security features were introduced, replacing the older versions.

05/11/2001: Denar's devaluation

Due to the political crisis in Macedonia, the Denar underwent a significant devaluation, losing around 40% of its value against the Euro.

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.

15/05/1995: Denar's peg to the German Mark

The Macedonian Denar was pegged to the German Mark at a rate of 1 Denar to 1.5 Deutsche Mark, establishing a stable exchange rate.

26/11/1992: Introduction of the Macedonian Denar

The Macedonian Denar was introduced as the official currency of the Republic of Macedonia following its declaration of independence from Yugoslavia.
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