Historic Eritrean nakfa New Zealand Dollar

Eritrean nakfa new zealand dollar history for February 2024. The highest quote for this month is 0.10986 (05/02/2024) and the lowest 0.10952 (03/02/2024). The difference between high and low is 0.31.

ERN NZD average rate for February 2024 is 0.10835, the change between 01/02/2024 and 29/02/2024 is -0.38 %.

01 February 20241 ERN = 0.1086 NZD
02 February 20241 ERN = 0.1081 NZD
03 February 20241 ERN = 0.1095 NZD
04 February 20241 ERN = 0.1095 NZD
05 February 20241 ERN = 0.1094 NZD
06 February 20241 ERN = 0.1098 NZD
07 February 20241 ERN = 0.1088 NZD
08 February 20241 ERN = 0.1088 NZD
09 February 20241 ERN = 0.1086 NZD
12 February 20241 ERN = 0.1081 NZD
13 February 20241 ERN = 0.1083 NZD
14 February 20241 ERN = 0.1095 NZD
15 February 20241 ERN = 0.1091 NZD
16 February 20241 ERN = 0.1086 NZD
17 February 20241 ERN = 0.1083 NZD
18 February 20241 ERN = 0.1083 NZD
19 February 20241 ERN = 0.1081 NZD
20 February 20241 ERN = 0.1082 NZD
21 February 20241 ERN = 0.1076 NZD
22 February 20241 ERN = 0.1075 NZD
23 February 20241 ERN = 0.1071 NZD
24 February 20241 ERN = 0.1071 NZD
25 February 20241 ERN = 0.1070 NZD
26 February 20241 ERN = 0.1074 NZD
27 February 20241 ERN = 0.1076 NZD
28 February 20241 ERN = 0.1077 NZD
29 February 20241 ERN = 0.1090 NZD

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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

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.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
ERN NZD January 2024
ERN NZD February 2024
ERN NZD March 2024
ERN NZD April 2024
ERN NZD May 2024
ERN NZD June 2024
ERN NZD July 2024
ERN NZD August 2024
ERN NZD September 2024
ERN NZD October 2024
ERN NZD November 2024
ERN NZD December 2024
ERN NZD January 2025