Historic Hungarian forint Eritrean nakfa

Hungarian forint eritrean nakfa history for February 2024. The highest quote for this month is 0.042311 (04/02/2024) and the lowest 0.042884 (03/02/2024). The difference between high and low is -1.35.

HUF ERN average rate for February 2024 is 0.04197, the change between 01/02/2024 and 29/02/2024 is +2.3 %.

01 February 20241 HUF = 0.0425 ERN
02 February 20241 HUF = 0.0428 ERN
03 February 20241 HUF = 0.0423 ERN
04 February 20241 HUF = 0.0423 ERN
05 February 20241 HUF = 0.0424 ERN
06 February 20241 HUF = 0.0418 ERN
07 February 20241 HUF = 0.0420 ERN
08 February 20241 HUF = 0.0418 ERN
09 February 20241 HUF = 0.0418 ERN
12 February 20241 HUF = 0.0420 ERN
13 February 20241 HUF = 0.0420 ERN
14 February 20241 HUF = 0.0417 ERN
15 February 20241 HUF = 0.0416 ERN
16 February 20241 HUF = 0.0417 ERN
17 February 20241 HUF = 0.0418 ERN
18 February 20241 HUF = 0.0418 ERN
19 February 20241 HUF = 0.0419 ERN
20 February 20241 HUF = 0.0418 ERN
21 February 20241 HUF = 0.0421 ERN
22 February 20241 HUF = 0.0421 ERN
23 February 20241 HUF = 0.0422 ERN
24 February 20241 HUF = 0.0420 ERN
25 February 20241 HUF = 0.0420 ERN
26 February 20241 HUF = 0.0419 ERN
27 February 20241 HUF = 0.0420 ERN
28 February 20241 HUF = 0.0418 ERN
29 February 20241 HUF = 0.0415 ERN

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.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

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.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

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.

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.
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