Historic Eritrean nakfa Swedish krona

Eritrean nakfa swedish krona history for February 2024. The highest quote for this month is 0.70541 (06/02/2024) and the lowest 0.69937 (06/02/2024). The difference between high and low is 0.86.

ERN SEK average rate for February 2024 is 0.69175, the change between 01/02/2024 and 29/02/2024 is +0.53 %.

01 February 20241 ERN = 0.6901 SEK
02 February 20241 ERN = 0.6894 SEK
05 February 20241 ERN = 0.6970 SEK
06 February 20241 ERN = 0.7044 SEK
07 February 20241 ERN = 0.6967 SEK
08 February 20241 ERN = 0.6955 SEK
09 February 20241 ERN = 0.6947 SEK
12 February 20241 ERN = 0.6939 SEK
13 February 20241 ERN = 0.6899 SEK
14 February 20241 ERN = 0.7021 SEK
15 February 20241 ERN = 0.6981 SEK
16 February 20241 ERN = 0.6932 SEK
17 February 20241 ERN = 0.6926 SEK
18 February 20241 ERN = 0.6926 SEK
19 February 20241 ERN = 0.6913 SEK
20 February 20241 ERN = 0.6904 SEK
21 February 20241 ERN = 0.6873 SEK
22 February 20241 ERN = 0.6882 SEK
23 February 20241 ERN = 0.6845 SEK
26 February 20241 ERN = 0.6855 SEK
27 February 20241 ERN = 0.6818 SEK
28 February 20241 ERN = 0.6846 SEK
29 February 20241 ERN = 0.6865 SEK

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.

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.