Historic Eritrean nakfa Swedish krona

Eritrean nakfa swedish krona history for January 2024. The highest quote for this month is 0.69754 (17/01/2024) and the lowest 0.69415 (19/01/2024). The difference between high and low is 0.49.

ERN SEK average rate for January 2024 is 0.68511, the change between 01/01/2024 and 31/01/2024 is -3.46 %.

01 January 20241 ERN = 0.6683 SEK
02 January 20241 ERN = 0.6672 SEK
03 January 20241 ERN = 0.6781 SEK
04 January 20241 ERN = 0.6821 SEK
05 January 20241 ERN = 0.6773 SEK
06 January 20241 ERN = 0.6801 SEK
07 January 20241 ERN = 0.6801 SEK
08 January 20241 ERN = 0.6817 SEK
09 January 20241 ERN = 0.6783 SEK
10 January 20241 ERN = 0.6808 SEK
11 January 20241 ERN = 0.6779 SEK
12 January 20241 ERN = 0.6805 SEK
15 January 20241 ERN = 0.6819 SEK
16 January 20241 ERN = 0.6849 SEK
17 January 20241 ERN = 0.6932 SEK
18 January 20241 ERN = 0.6928 SEK
19 January 20241 ERN = 0.6964 SEK
22 January 20241 ERN = 0.6938 SEK
23 January 20241 ERN = 0.6954 SEK
24 January 20241 ERN = 0.6952 SEK
25 January 20241 ERN = 0.6924 SEK
26 January 20241 ERN = 0.6926 SEK
29 January 20241 ERN = 0.6928 SEK
30 January 20241 ERN = 0.6928 SEK
31 January 20241 ERN = 0.6914 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.