Historic Eritrean nakfa Ukrainian hryvnia

Eritrean nakfa ukrainian hryvnia history for January 2024. The highest quote for this month is 2.5293 (06/01/2024) and the lowest 2.5277 (06/01/2024). The difference between high and low is 0.06.

ERN UAH average rate for January 2024 is 2.49949, the change between 01/01/2024 and 31/01/2024 is +0.61 %.

01 January 20241 ERN = 2.510 UAH
02 January 20241 ERN = 2.512 UAH
03 January 20241 ERN = 2.517 UAH
04 January 20241 ERN = 2.509 UAH
05 January 20241 ERN = 2.505 UAH
06 January 20241 ERN = 2.524 UAH
07 January 20241 ERN = 2.524 UAH
08 January 20241 ERN = 2.506 UAH
09 January 20241 ERN = 2.519 UAH
10 January 20241 ERN = 2.516 UAH
11 January 20241 ERN = 2.516 UAH
12 January 20241 ERN = 2.500 UAH
14 January 20241 ERN = 2.525 UAH
15 January 20241 ERN = 2.490 UAH
16 January 20241 ERN = 2.497 UAH
17 January 20241 ERN = 2.505 UAH
18 January 20241 ERN = 2.495 UAH
19 January 20241 ERN = 2.485 UAH
22 January 20241 ERN = 2.470 UAH
23 January 20241 ERN = 2.467 UAH
24 January 20241 ERN = 2.468 UAH
25 January 20241 ERN = 2.467 UAH
26 January 20241 ERN = 2.479 UAH
28 January 20241 ERN = 2.494 UAH
29 January 20241 ERN = 2.498 UAH
30 January 20241 ERN = 2.495 UAH
31 January 20241 ERN = 2.495 UAH

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.

02/03/2020: COVID-19 impact

The outbreak of the COVID-19 pandemic resulted in economic disruptions, affecting the Ukrainian Hryvnia and causing volatility in the currency markets.

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.

05/02/2015: Currency devaluation

Due to the economic crisis, the Ukrainian Hryvnia experienced a significant devaluation, leading to a sharp increase in prices and financial hardships.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

20/02/2014: Ukrainian revolution

The Ukrainian revolution began, leading to political instability and economic challenges, impacting the value and stability of the Ukrainian Hryvnia.

01/07/2008: Exchange rate flexibility

Ukraine implemented a flexible exchange rate system, allowing the Ukrainian Hryvnia to fluctuate based on market forces rather than being pegged to a fixed rate.

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.

01/10/2004: Banknote redesign

New banknotes of the Ukrainian Hryvnia were issued with enhanced security features and updated designs, aimed at combating counterfeiting.

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.

02/09/1996: Currency reform

A currency reform was conducted, introducing new banknotes and coins of the Ukrainian Hryvnia, addressing issues of inflation and stabilization.

02/09/1992: Introduction of the Ukrainian Hryvnia

The Ukrainian Hryvnia (UAH) was introduced as the national currency, replacing the Soviet ruble, marking Ukraine's economic independence.
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